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The P&L Statement Mortgage Loan Program allows qualifying self-employed borrowers to document income with an unaudited third-party-prepared profit and loss statement. Borrowers may submit a 12-month or 24-month P&L without providing bank statements to corroborate the reported income.
Purchase financing is available up to 90% LTV, while cash-out refinance transactions may qualify up to 80% LTV. Loan amounts are available up to $4 million, with maximum cash-out proceeds of $750,000.
Submit your loan scenario for loan officer review and free consultation before authorizing a credit check or speak to a qualified live loan officer now (800) 718-8906.
Self-employed borrowers may qualify with an unaudited 12-month or 24-month profit and loss statement. Program features include financing up to 90% LTV, loan amounts up to $4 million, and no bank statements required to support the P&L.
Profit and Loss (P&L) loans are Non-Qualified Mortgage loans. Non-QM mortgage lending allow our borrowers to qualify using a 12-month P&L statement, making it ideal for self-employed individuals. How to Qualify for a P&L Only Loan To qualify, borrowers need a 12-month P&L statement prepared by a CPA, EA, CTEC,
Flex Supreme, a leading Non-QM loan program offering top-tier pricing for financially stable borrowers with or without credit challenges. Ideal for non-prime lending solutions.
Qualify for a mortgage using 12 months of personal or business bank statements instead of traditional tax-return income. Financing available up to 90% LTV and $4 million.