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


Qualifying income is the net income from the P&L divided by the time period covered (12 months). Must be CPA/CTEC or EA compiled.

  • 12-month CPA/EA/CTEC prepared
  • Minimum FICO 660
  • Max DTI 50%
  • Loan Amount Up to $3M
  • Up to 80% LTV on Purchase and Rate & Term Refinance
  • Interest-Only Available
  • Primary, Second Home & Investment OK
  • First Time Homebuyers OK

See product matrix for more details.