Forums Discussions

• Discussions tagged with 'Self Employed Borrowers'

  Start New Topic
• Forum: Income, Employment, and Assets
   Susan

  Why Do Mortgage Lenders Ask Borrowers For a CPA Letter

  Susan Posted on February 15, 2024 at 1:21 am   |  State: Illinois  | Total Activities:  12

  What do mortgage underwriters ask for CPA letters from self-employed borrowers?

  • This discussion was modified 2 years, 5 months ago by  Gustan Cho.

  View All

  View Last Reply: Harlan replied 1 year, 9 months ago  |  Participants:   14 Members |   28 Replies
• Forum: Income, Employment, and Assets
   Dawn

  Do You Need to be a CPA to write a CPA Letter for a P and L Statement Mortgage

  Dawn Posted on March 16, 2024 at 5:08 am   |  State: TENNESSEE  | Total Activities:  8

  A P and L statement mortgage loan for self-employed borrowers does not require federal income taxes and only requires a CPA letter. Does the self-employed borrower need to have an actual Certified Public Accountant write the CPA letter to the mortgage lender or can a tax preparer do it? If the mortgage lender requires a true CPA to write the CPA letter, how do I get a real Certified Public Accountant to write the CPA letter to the mortgage lender so I can get approved for a P and L statement non-QM mortgage loan for self-employed borrowers.

  View All

  View Last Reply: Gustan Cho replied 2 years, 1 month ago  |  Participants:   2 Members |   2 Replies