Lendmire Research

The bank statement — not a 1099-K — is the document that carries the weight.

Mortgage underwriting doesn’t care what you call yourself. It cares how you’re paid.

Most P&L-only programs accept an Enrolled Agent, a PTIN holder, or a registered tax preparer instead of a Certified Public Accountant.

The real work is documentation and consistency — not the client count itself.

It caps the new loan at the lesser of documented purchase cost or current value, not the higher figure.

Lenders pull one or two years of 1099 forms, apply an expense factor to estimate real costs, then average the result into a monthly qualifying number.

It looks at net equity — what’s left after any margin loan against those securities is subtracted.

If a CPA signature isn’t realistic, a bank-statement loan is usually the cleaner workaround. That’s the honest version.

– A CPA who won’t sign a P&L is often protecting their own license, not flagging a problem with the borrower’s income.

But a straight 1099 loan is a different doc type, and it can stand on its own without any P&L at all.

The catch is that “the money is in a trust” and “the money counts toward your mortgage” are two very different statements.

Get the seasoning and sourcing right, and that balance can become qualifying income under an asset-depletion calculation.

Does A Margin Balance Reduce The Assets That Count In Asset Depletion — what borrowers need to know, from Lendmire.