P&L loans
Ideal for self-employed borrowers who take a lot of deductions at tax time
Qualify your borrower based on the strength of their business with a Profit & Loss Statement
P&L LOAN
Qualifying income is the net income from the P&L divided by the time period covered (12 months). Must be CPA, CTEC, PTIN, or EA compiled.
- 12-months - Must be CPA, CTEC, PTIN, or EA compiled.
- 660 Min. FICO
- Max DTI 50% at 75% LTV (Platinum)
- Max DTI 55% at 80% LTV (Gold)
- Loan Amount Up to $3.5MM
- Interest-Only Available for repeat homebuyers
- Primary, Second Home & Investment
- First Time Homebuyers welcome!
See product matrix for more details.
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P&L Loans
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