P&L Mortgage Loan
Working with entrepreneurs?
We offer P&L mortgage loans designed specifically for established self-employed borrowers—qualifying income is based solely on profit and loss statements, not bank statements.
P&L ONLY LOAN
No Bank Statements required to support net income
Are you struggling to find suitable mortgage options for your self-employed clients? Traditional mortgage plans often don't cut it. Our Profit and Loss (P&L) Loan Program uses a 12-month Profit and Loss statements for qualification. Expand your client base with this game-changing program.
P&L Only Loan Features:
- 80% Max LTV on Purchase / Rate & Term / Cash Out
- 100% Down Payment can be gift for LTV < 75%
- Max Loan Amount $3.5MM
- Temporary Buydown option available
- Min. FICO 660
What's Required:
- CPA/EA/CTEC/Tax Attorney prepared 12-month P&L statement
- Borrower’s business documents, if applicable
- Verify Tax Preparer status of license
- P&L Statement & Tax Attestation
REQUEST MORE INFORMATION
P&L Loans
"*" indicates required fields