Mortgage Matters: Demystifying the Loan Approval Maze www.MortgageMattersBook.com

 

 

       

Accountant’s  Letter  to  Verify  Foreign  Sourced  Self-­‐employed  Income    For  lender’s  who  accept  an  accountant’s  letter  to  confirm  foreign  sourced  self-­‐employed  income,  the  following  details  must  be  included  or  attached.    In  these  cases,  the  lender  will  most  likely  require  an  original  letter  (no  copies,  faxes,  or  emails).    If  the  letter  is  not  written  in  the  English  language,  an  independent  third-­‐party  translation  will  be  required  (as  it  will  for  any  foreign  language  documentation  submitted).  

Include  a  copy  of  the  accountant’s  license.    On  the  Accountant’s  letterhead,  the  following  should  be  listed,  at  a  minimum:      

Today’s  Date  

CPA  Contact  information  on  letterhead  or  listed  here  to  include  CPA’s  name,  license  number,  mailing  address,  telephone,  and  email.      

 

RE:    Borrower  Full  Name  

To  Whom  It  May  Concern:  

This  letter  is  to  verify  (Borrower  name)  with  identification  number  (?????????)  is  the  (position/title)  of  (name  of  business)  and  has  an  ownership  interest  of  (%%%%%%).    (Name  of  Business)  is  dedicated  to  the  trade  of  (provide  the  nature  of  the  business)  and  has  been  open  since  (insert  date).    Our  firm  has  prepared  income  statements  for  (name  of  firm  or  name  of  borrower)  since  (insert  date).    We  confirm  the  following  information:  

Year-­‐to-­‐date  income  (from  each  source)  i.e.  year  to  date  2015  

Prior  year  income  (from  each  source)  i.e.  2014  

Penultimate  year  income  (from  each  source)  i.e.  2013  

Sincerely,    Original  Signature    Name  of  Accountant