Home Loans · Self‑Employed

Profit & Loss (P&L) Loan Program

Flexible Financing for Self-Employed Borrowers

If you’re self-employed, our Profit & Loss (P&L) Loan Program offers an alternative way to qualify without relying on traditional tax return income. Instead, eligible borrowers can qualify using a professionally prepared Profit & Loss statement along with recent bank statements.

This program is designed to simplify the mortgage process while providing flexible financing options for business owners and self-employed professionals.

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Self-employed entrepreneur reviewing a printed profit and loss report at her desk

At a Glance

Program Highlights

  • Qualify using a 12-month Profit & Loss Statement
  • Only 3 months of bank statements required
  • Available for Primary Residences, Second Homes, and Investment Properties
  • P&L must be prepared by a Licensed Tax Preparer on the preparer’s official letterhead
  • Documentation includes one full year plus year-to-date (YTD) Profit & Loss Statement

80%

Up to 80% LTV for Purchases

660

Minimum 660 FICO

Compare Programs

Self-Employed? Compare Your Options

Program Qualify with Minimum FICO Maximum LTV
1099 Income One year of 1099s and two months of bank statements 600 Up to 80%
12-Month Bank Statement 12 months of personal or business bank statements 600 Up to 90% for purchases
Profit & Loss A 12-month P&L statement and three months of bank statements 660 Up to 80% for purchases
No Income Verification (CA) Strong equity, credit, and assets 620 Up to 60% for purchases

Property Types

Eligible Property Types

Single-Family Residences (SFR)

Condominiums

Townhomes

Program not available for rural properties or multi-unit properties.

Simplify Your Mortgage Approval

Our P&L Loan Program is an excellent solution for self-employed borrowers whose financial strength isn’t accurately reflected through traditional income documentation. With streamlined documentation requirements and competitive financing options, qualifying for your next home can be easier than you think.

Contact us today to learn more about our Profit & Loss Loan Program and discover whether it’s the right financing solution for you.

Start Your Application
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Or call Nancy Sacks directly: 949-449-1242