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INCOME VERIFICATION DOCUMENT — SELF-EMPLOYED
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Applicant: Sarah Lin Chen
Document Prepared by: FastTrack CPA Services
CPA Firm License: TX-CPA-884721
Document Date: 2026-05-18

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BUSINESS INFORMATION
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Business Name:          ChenDesign Studio LLC
Business Type:          LLC — Single Member
Business Start Date:    2023-03-10
Industry:               Graphic Design & Creative Services
Business Address:       881 Market Street, Apt 4B, San Francisco, CA 94102
EIN:                    82-4471903

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VERIFIED INCOME (from Tax Returns & Bank Statements)
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Year 2024 — Schedule C Net Profit:   $76,200
Year 2025 — Schedule C Net Profit:   $89,400

2-Year Average Annual Income:        $82,800
Verified Monthly Gross Income:       $6,900  ($82,800 ÷ 12)

Note: Business income is irregular. Monthly deposits ranged from
$4,200 to $11,800. The 24-month average is used per agency guidelines.

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RECENT BANK STATEMENT SUMMARY (Business Account)
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March 2026:   Deposits $9,200  |  Business Expenses $6,100  |  Net $3,100
April 2026:   Deposits $7,800  |  Business Expenses $5,400  |  Net $2,400
May 2026:     Deposits $5,100  |  Business Expenses $4,200  |  Net $900

3-Month Average Monthly Net Cash Flow: $2,133

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INCOME SOURCE
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Primary Income Type:    Self-Employment (Schedule C)
Income Consistency:     Moderate — fluctuates with project cycles
Employer Stability:     Self-employed 3+ years (meets minimum threshold)

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CPA CERTIFICATION
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I certify that the above income figures are based on filed tax returns
(2024 and 2025 Form 1040 with Schedule C) and business bank statements
provided by the applicant.

Marcus T. Rivera, CPA
FastTrack CPA Services
License: TX-CPA-884721
Date: 2026-05-18
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EXPECTED OUTCOME (for testing):
  Verified Monthly Income: $6,900 (2-year avg)
  Self-Reported Income:    $9,200
  Difference:              33% → INCONSISTENT (>10% threshold)
  DTI = $2,740 / $6,900 = 39.7% → ACCEPTABLE but borderline
  LTV = $420,000 / $480,000 = 87.5% → Acceptable (PMI required)
  Credit Score: 665 → above Conventional minimum (620) but not great
  Income mismatch + borderline credit + self-employed variability
  EXPECTED RISK: MEDIUM-HIGH (40–65) → Recommend REFER to Underwriter
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