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Profit & Loss Loan Program for Self-Employed Borrowers
Helping Self-Employed Borrowers Access Financing Without Traditional Income Docs
Our Profit & Loss Loan Program allows self-employed clients to qualify using 12- or 24-month P&L statements, prepared by a licensed third-party tax preparer, instead of standard tax returns or W-2s. This program offers flexibility for business owners whose tax filings don’t fully reflect their actual income, making homeownership and investment purchases more achievable.
FAQs
What is the maximum LTV?
Up to 80% Max LTV.
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What is the minimum credit score requirement?
660 Minimum FICO.
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What is the maximum loan amount?
Up to $2.5 million.
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Are late payments allowed?
1×30×12 mortgage lates allowed.
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What are the seasoning requirements?
36 months credit event seasoning.
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Who prepares the P&L?
A licensed third-party tax preparer.
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Who is this program for?
Self-employed borrowers using 12- or 24-month P&L as income verification.
Why This Program Works for Borrowers Who Need Flexible Income Verification
Traditional mortgage programs often reject self-employed borrowers due to complex or fluctuating income reporting. This P&L program offers a streamlined alternative that focuses on real business performance rather than tax-adjusted income. By accepting accountant-prepared profit and loss statements, borrowers can present a truer picture of their earning capacity. This approach enables clients to secure financing faster, with fewer documents, while maintaining access to competitive loan amounts and terms.
A Smarter Way to Empower Self-Employed Buyers
Self-employed clients often have strong income potential but face hurdles with traditional documentation requirements. This program removes those roadblocks by offering flexible qualifying guidelines tailored to their unique financial profiles. Whether they’re purchasing, refinancing, or expanding their real estate portfolio, borrowers can leverage this program to act quickly in the market. With options up to $2.5 million, it’s a solution built for growth, confidence, and opportunity.