P and L Mortgage Program

P and L Mortgage Program

The P&L Mortgage program is a perfect program for self-employed individuals who may not have income documentations like W-2s or pay stubs. For that particular purpose we use their profit and loss statements to demonstrate their income. No use of tax returns or any sort of income documents need to be provided to qualify for this type of loan. It is a Non-QM (non-qualified) mortgage, which carries a higher interest rate than conventional loans.

Program Specifics

• 12 or 24 month P&L OK
• Purchase LTV’s up to 85%
• Cash-Out LTV’s up to 80%
• Loan Amounts up to $4MM
• DTI up to 50%
• No tax returns required
• Bank statements are not required to support income
• Must be self employed for 2+ years

There are many reason why thos P&L program is suitable for many self-employed borrowers. Contact our office to learn more about this profit and loss mortgage program can help you with mortgage financing.