Understanding P&L Loans and Why They Matter for Mortgage Brokers


For years, mortgage brokers have faced challenges when attempting to secure loans for self-employed clients. The traditional income documentation process has often been an insurmountable barrier. However, BluePoint’s Profit and Loss (P&L) Loans offer a revolutionary solution. Read on to learn why this financial product is changing the game for mortgage brokers and self-employed borrowers alike.

The Traditional Struggles for Self-Employed Borrowers

The conventional mortgage application process involves a plethora of documentation, including W-2 forms, tax returns, and bank statements. For self-employed borrowers, this often translates into declined loan applications due to fluctuating income or high business expenses.

What is a P&L Loan?

A P&L Loan addresses these issues head-on by allowing borrowers to qualify based on 12-month Profit and Loss statements, which are typically prepared by a certified accountant or tax preparer. The loan program simplifies the mortgage process and makes homeownership more attainable for a broader range of individuals.

Key Features of BluePoint’s P&L Loans
  • Minimum FICO Score of 660: This makes the loan accessible to a wide range of borrowers.
  • Up to $3 Million in Financing: Ideal for those looking at high-value properties.
  • Flexible Debt-to-Income Ratios: Max DTI of 55% at 80% Loan-to-Value (LTV).
  • Interest-Only Options: For those looking to manage their monthly cash flow effectively.
  • First-Time Homebuyers Welcome: An excellent product for those entering the property market.
Why Mortgage Brokers Should Pay Attention

As a mortgage broker, you’re always on the lookout for ways to expand your client base and close more loans. The P&L Loan program does precisely that by opening doors to a previously underserved market of self-employed borrowers. Moreover, with less time spent on gathering documentation, you can focus on what you do best: closing loans and serving your clients.

The Added Bonus: 2-1 Temporary Buydown Feature

BluePoint’s P&L Loans come with a 2-1 temporary buydown option. This feature allows borrowers to pay a reduced interest rate for the first two years, easing them into their new financial commitments. It’s an additional selling point that can tip the scales when clients are choosing between loan options.


BluePoint’s P&L Loan program is not just another financial product; it’s a powerful tool for mortgage brokers seeking to expand their client base and close more loans efficiently. It cuts through the red tape associated with traditional mortgage applications, offering a streamlined, client-friendly approach.

If you’re a mortgage broker looking to unlock new possibilities, request more information below.


P&L Loans

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