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Stated income home loan requirements.
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,