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P & L Loans

P&L Loans

For self-employed borrowers, business owners, and freelancers, traditional loan documentation like tax returns and bank statements may not accurately reflect your income. That’s why we offer P&L Loans—a simplified mortgage solution where income is verified using a professionally prepared Profit & Loss statement, often backed by a CPA, Enrolled Agent, or CTEC.

These loans are ideal for entrepreneurs with stable earnings and clean credit looking for a low-doc mortgage for business owners. If you’re unsure whether this is the right fit, visit our About Us page to learn how we support self-employed borrowers.

Min FICO: 660 Max LTV: 80%

Why Choose Our P&L Mortgage Program?

  • No bank statements or tax returns required

  • Competitive rates compared to typical bank statement loan pricing

  • Aggressive LTVs up to 80% for primary, second home, and investment properties

  • Flexibility to use multiple P&Ls if you operate more than one business

If you’re ready to explore your options, contact us today and speak with a loan advisor.

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Program Highlights

  • Loan amounts up to $3 million

  • Available for: Purchase, cash-out, or rate-term refinance

  • Property types: Owner-occupied, second homes, investment properties

  • P&L available in 1-year or 2-year formats

  • Must be prepared by a CPA, Enrolled Agent, or CTEC

  • 1–2 years of seasoning required after foreclosure, short sale, deed-in-lieu, or bankruptcy

  • LTV up to 80% on purchase transactions with a 700 FICO (no bank statements)

  • LTV up to 80% on purchase transactions with a 680 FICO (with bank statements)

Frequently Asked Questions (FAQs)

1. What qualifies as a P&L mortgage?

A P&L loan uses a CPA-prepared Profit and Loss statement to verify income instead of tax returns or bank statements. It offers a streamlined documentation path for business owners.

2. Who benefits most from a P&L mortgage?

These loans are great for entrepreneurs, freelancers, and self-employed professionals who maintain strong cash flow but don’t want to use tax documents to qualify.

3. Can I use multiple businesses for qualifying income?

Yes, borrowers with more than one business can provide separate P&Ls for each entity, as long as ownership and income are verifiable.

4. Are bank statements required at all?

Not always. If your FICO is 700+, we allow P&L-only qualification for purchases up to 80% LTV. If your FICO is between 680–699, you can supplement with bank statements.

5. Can this loan be used for investment properties?

Absolutely. P&L loans are available for primary residences, second homes, and investment properties, offering flexibility to business owners and real estate investors alike.

Ready to Qualify with a P&L Statement?

If you’re self-employed and looking for a streamlined, low-doc way to finance your next property, our P&L mortgage option may be your solution. You don’t need to worry about tax returns or extensive bank documentation.

Reach out today to learn how we can help you qualify with just your Profit & Loss.