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