Miami Home Loans for Self-Employed Buyers: How a CPA P&L Only Program Solved the Impossible

If you’re a self-employed buyer in Miami struggling to get approved for a home loan, you’re not alone. Traditional lenders often require perfect credit, W2s, and tax returns—leaving many entrepreneurs out in the cold. But with creative programs like CPA P&L only loans, there’s a solution designed for your reality.

The Challenge: Miami Home Loans for Self-Employed buyers with Low Credit

Our client had a 662 credit score, owned her primary residence, and needed to cash out equity. But she was determined not to lose her ultra-low first mortgage rate. Here’s what made things tricky:

• HELOCs were off the table—her credit score was just below the minimum most banks require.

• Traditional cash-out refinancing would mean losing her great rate on the first mortgage.

• Self-employed income is tough to document, especially with a business structure designed for tax efficiency (read: you don’t show a huge net income on paper).

• The Solution: CPA P&L Only Program and Closed-End Second Mortgage

  Instead of forcing her into a high-rate refinance or turning her away, we structured a close-end second mortgage—a lump-sum loan that leaves the first mortgage untouched. Here’s the magic:

  • No bank statements, W2s, or tax returns needed.

  • Her CPA provided a profit & loss (P&L) statement showing her business’s true earnings.

  • That P&L, signed by her CPA, became her qualifying income for the loan.

  Even better, during the process, we helped her remove a co-signer from her original mortgage—a co-signer she’d had for ten years!

  • Results: Cash-Out, Wealth Building, and Simplified Finances

  With her cash-out complete and her finances simplified, she’s now using the same CPA P&L only program to buy a multi-family property. That means:

  • She’ll generate rental income,

  • Build long-term wealth,

  • And keep her business and personal finances streamlined.

  Why Self-Employed Borrowers in Miami Need Creative Loan Options

  If you’re self-employed, don’t let banks tell you “no” just because your paperwork doesn’t fit their mold. There are creative loan solutions—like the CPA P&L only program—that work with your reality, not against it.

  Ready to Explore Your Miami Home Loan Options?

• Let’s talk about how you can access your home’s equity, invest in Miami real estate, or simplify your mortgage—without jumping through impossible hoops.

  
  

  Call or text me at 786-657-6458, or email Kerby@juliesrealty.net for a free consultation.

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