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Qualify Using Your P&L – Unlimited Cash-Out Options
P&L Loans – Unlimited Cash-Out Available
If you’re self-employed and prefer to use your business’s Profit & Loss statements instead of traditional income documentation, this program makes it easy to qualify. With loan amounts up to $3.5 million, LTVs up to 90%, and credit scores starting at 620, you can secure financing for purchases, refinances, or unlimited cash-out without the need for tax returns or pay stubs. Eligible property types include non-warrantable condos, condotels, and investment properties.
FAQs
Do I need to provide tax returns or W-2s?
No — approval is based on your Profit & Loss statements for income qualification.
What types of properties are eligible?
Primary residences, second homes, investment properties, non-warrantable condos, and condotels.
Is there a maximum cash-out limit?
No — this program offers unlimited cash-out based on qualification.
What’s the minimum credit score required?
620 FICO.
Why This Program Works for Business Owners
Self-employed borrowers often face challenges when qualifying for traditional mortgages because of write-offs and fluctuating income. This program looks at your actual P&L, giving you the ability to leverage your business performance without traditional income hurdles.
A Straightforward Path to Funding
Whether you’re refinancing to free up capital for investments, consolidating debt, or purchasing a new property, this P&L-based program offers the flexibility and high LTV options you need to reach your goals.