Accountant Letters for Mortgage Loans
Why Lenders Require Accountant Letters for Self-Employed Borrowers
Non-QM Mortgage Loan Accountant Letter Examples
For self-employed borrowers applying for a Non-QM mortgage, traditional income verification documents such as W-2s and tax returns may not accurately reflect earnings. To bridge this gap, lenders require alternative forms of income verification, including accountant letters.
An accountant letter serves as a formal verification of a borrower’s financial standing, typically issued by a Certified Public Accountant (CPA), Enrolled Agent (EA), or licensed tax preparer. These letters help validate a borrower’s business ownership, income, expenses, and overall financial health to ensure they meet mortgage eligibility requirements.
For borrowers interested in bank statement mortgages, profit & loss loans, or 1099 mortgage loans, an accountant letter can significantly improve loan approval chances.
? Learn More About Bank Statement Mortgage Loans
Types of Accountant Letters Required for Non-QM Loans
1. Business Ownership Verification Letter
- Confirms that the borrower owns a specific percentage of a registered business
- Typically required for Bank Statement Loans, DSCR loans, and P&L loans
- Must be issued by a CPA, EA, or licensed tax preparer
2. Profit & Loss (P&L) Statement Letter
- Summarizes the business's revenue, expenses, and net income for a specific period (12-24 months)
- Commonly used for P&L Mortgage Loans when tax returns are unavailable
3. Expense Ratio Letter
- Confirms the typical expense ratio of the borrower’s business
- Essential for Bank Statement Loans
- If the borrower’s expenses are lower than the standard, a CPA-prepared expense ratio letter may be required
4. Self-Employment Verification Letter
- Confirms that the borrower has been self-employed for a specific period (typically at least two years)
- Used for borrowers applying for 1099 Mortgage Loans without tax returns
5. Account Access Letter
- Verifies that the borrower has access to business financial accounts
- Required for some DSCR Loans
? Learn More About Non-QM Loans for Self-Employed Borrowers
How to Obtain an Accountant Letter for Your Mortgage
- Consult a CPA, EA, or Licensed Tax Preparer – Choose a professional with experience preparing mortgage verification letters.
- Provide Business Documentation – Lenders may require bank statements, business registration, and other supporting documents.
- Request a Letter on Official Letterhead – The letter must include the accountant’s name, license number, and contact details.
- Submit Along With Your Loan Application – Upload the letter along with other required loan documents.
Sample Accountant Letters Available for Download
To help borrowers streamline the process, we provide sample accountant letter templates for:
?? Profit & Loss Statements
?? Self-Employment Verification
?? Business Ownership Verification
?? Expense Ratio Letters
Access Sample Letters Instantly – Complete Our Lead Form Below
? Get Sample Accountant Letters
Related Loan Programs That Require Accountant Letters
- Bank Statement Mortgage Loans
- 1099 Mortgage Loans
- Profit & Loss (P&L) Mortgage Loans
- DSCR Mortgage Loans
Apply for a Self-Employed Mortgage Today
If you’re self-employed and looking for a mortgage without tax returns, we can help you qualify with alternative income documentation.
Non-QM Loan Program Terms:
- Up to 90% LTV Purchase with No MI
- Up to 80% LTV Cash Out
- 599 Min FICO
- Self Employed Programs: 1099, Bank Statements, P&L
- 30 Year Fixed & 40 Year Interest Only Available
- Up to $3M Loan Amount
- 1-4 Units, Condos, Manufactured Homes, Rural
- Up to 55% DTI
