We offer 1-year and 2-year Profit & Loss Statement loans tailored for self-employed individuals. These loans allow borrowers to use their business’s Profit & Loss (P&L) statement to qualify, bypassing traditional income verification.
- Loans up to $3 million with a minimum of $150,000
- Purchase and cash-out or rate-term refinance
- Owner-occupied, second homes, and investment properties
- Prepared by CPA/Tax preparer
- Requires 2 months of business bank statements with deposits supporting gross receipts within 15%
- Two years’ seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Can you get a mortgage with P&L Statements?
Yes, self employed borrowers who own their own business can use P&L statements to qualify for a loan. This loan option helps those who cannot verify income based on tax returns.
