Profit and Loss (P&L) Loan Programs
Mortgage qualification using a 12-month P&L statement, making it a flexible option for borrowers who don’t fit traditional mortgage plans. Ideal for expanding your client base in Non-QM lending.
P&L Only Program Highlights
* $4,000,000 Maximum Loan
* 85% LTV Purchase / Rate/Term Refinance
* 80% LTV Cash Out Refinance
* 20% Gift to 100% CLTV OK 20% Borrower Contribution
* 640 Minimum Credit Score
* The Profit and Loss (P&L) Loan Program in Non-QM mortgage lending allows borrowers to qualify using a 12-month P&L statement, making it ideal for self-employed individuals.
* 85% LTV for purchases, rate/term refinancing, or cash-out refinancing 80% LTV. For loans with less than
* 80% LTV, 100% of the down payment can be gifted, making it easier for borrowers to secure financing.
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Massachusetts, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Vermont, Virginia, Washington, and Wisconsin.