Location
San Diego, California
Industry
Residential
Scope of Work
Borrower Prepared P&L for small business owners
Timeline
30 months
Year
2025
Borrower is a small business owner with relatively low AGI in tax return. David and his team qualified borrower with himself prepared profit and loss statement and get the loan.
Strategy
GMCC Borrower-Prepared P&L program is designed for the business owners with strong cash flow. Rather than using traditional tax return, we documented income with alternative way.
Our Solution
GMCC in-house underwrote the borrower's self-prepared profit and loss statement and approved the loan in time.
Before
Borrower was turned away by convectional bank and lenders and was not sure if he can move up to the new home.
What we Delivered
Approved and closed under GMCC borrower prepared P&L program, borrower was happy to move to their new home for new life.
What our client had to say:
“If you’re looking for a loan officer, you’ve got to go with David. He’s incredibly professional and always puts the client first. During my home-buying journey, the mortgage was the one thing I felt completely at ease with, thanks to him.” — Steve S., Self-employed Borrower
