P&L ONLY loans
Ideal for self-employed borrowers
Designed small business owners and self-employed homebuyers. No tax return, bank statements, or any other income documents needed, just a 2-year P&L statement can help your borrower today.
Qualify your borrower based on the strength of their business with a 24-month CPA/EA prepared Profit & Loss Statement only.
- Minimum FICO 620
- Max DTI 50%
- Loan Amount Up to $3.5M
- Up to 80% LTV on Purchase and Rate & Term Refinance
- Up to 75% LTV on Cash-Out
- Interest-Only Available with 30 or 40 Year Term
- Primary, Second Home & Investment OK
- First Time Homebuyers OK
- No tradeline requirements with 3 credit scores
See product matrix for all details | Products subject to change without notice | Contact your AE for details.