Profit & Loss (P&L) Loan Program
Flexible Financing for Self-Employed Borrowers
If you're self-employed, our Profit & Loss (P&L) Loan Program offers an alternative way to qualify without relying on traditional tax return income. Instead, eligible borrowers can qualify using a professionally prepared Profit & Loss statement along with recent bank statements.
This program is designed to simplify the mortgage process while providing flexible financing options for business owners and self-employed professionals.
Program Highlights
- Qualify using a 12-month Profit & Loss Statement
- Only 3 months of bank statements required
- Up to 80% LTV for Purchases
- Minimum 660 FICO
- Available for Primary Residences, Second Homes, and Investment Properties
- P&L must be prepared by a Licensed Tax Preparer on the preparer's official letterhead
- Documentation includes one full year plus year-to-date (YTD) Profit & Loss Statement
Eligible Property Types
- Single-Family Residences (SFR)
- Condominiums
- Townhomes
Program not available for rural properties or multi-unit properties.
Simplify Your Mortgage Approval
Our P&L Loan Program is an excellent solution for self-employed borrowers whose financial strength isn't accurately reflected through traditional income documentation. With streamlined documentation requirements and competitive financing options, qualifying for your next home can be easier than you think.
Contact us today to learn more about our Profit & Loss Loan Program and discover whether it's the right financing solution for you.