P&L Mortgage Program

The profit and loss loan program, also known as P&L, is a mortgage program that does not require any traditional income documents like tax returns, W-2s, or pay stubs. All that is needed is a profit and loss statement from the accountant to support the income that is needed to qualify for a mortgage loan.

• Qualify Using P&L Only Income (Unaudited P&L)
• 80% LTV
• 75% CLTV Cash Out Options
• 12 Or 24-Month P&L
• Owner Occupied, Investment & 2nd Homes
• 620 Min FICO
• Loan Amounts Up To $3 Million
• No Minimum Tradelines With 3 FICO Scores (All 3 Bureaus)

We offer a P&L (Profit and Loss) Only Mortgage Program for self-employed borrowers who would probably qualify for a mortgage loan using a self-prepared profit and loss statement if a bank statement program won’t fit. Keep in mind that this program is suitable for primary residences. Most non-QM loan programs, such as the DSCR or No Ratio program, are for investment properties only. If there are not enough deposits into your bank accounts, the bank statement program won’t be of any help. With this P&L program, you can qualify using a self-prepared Profit and Loss statement; no tax returns, W-2s, or bank statements required.