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P&L Only Mortgage

Qualify using your business income — no tax returns required.

pandl

How Does a P&L Only Mortgage Empower Self-Employed Borrowers?

The P&L Only Mortgage is a lifeline for self-employed borrowers, freelancers, and business owners, letting you qualify with just a 12-month profit and loss (P&L) statement prepared by a CPA. This Non-QM loan is perfect for those with variable income or unfiled taxes. Whether you're buying a primary residence, second home, or investment property, this program offers fast approvals, flexible terms, and the freedom to use gift funds, unleashing your entrepreneurial potential to own the home of your dreams.

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    Simplified Verification

    Qualify with just a CPA-prepared P&L statement—no tax returns needed.

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    Flexible for Self-Employed

    Ideal for business owners with variable income or complex finances.

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    Fast and Accessible

    Credit scores from 640, 20% down, and quick approvals.

Key Features of P&L Only Mortgage

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    Loan Amounts Up to $3 Million

    Finance primary residences, second homes, or investment properties.

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    Income Verification

    12-month CPA-prepared profit and loss statement; no tax returns, W-2s, or 1099s needed; requires 2 years in business.

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    Down Payment

    Minimum 20% down payment, with 100% gift funds allowed for flexibility.

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    Credit Event Seasoning

    2 years' seasoning for foreclosure, bankruptcy, short sale, or deed-in-lieu.

Is a P&L Only Mortgage Right for You?

P&L Only Mortgages are ideal for self-employed borrowers with variable income or unfiled taxes, offering a simplified path without traditional documentation. Unlike Conventional or FHA loans, which require full tax returns and W-2s, P&L loans focus on your business's profit and loss for faster qualification.

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