P&L Mortgage Program

One of the more popular Non-QM programs for self-employed borrowers is the Profit and Loss statement also known as the P&L loan program. With this loan program, the borrower for either purchasing or refinancing a property only has to provide a profit and loss statement from their CPA or a registered accountant, some of our P&L programs even allow for a self-prepared profit and loss statement but require a higher down payment and higher credit scores.

With this program NO bank statements, NO 4506-T is required just a P&L. By far the most effective alternative document product out there in the market.

Highlights of P&L Program:

  • NO bank statements, NO 4506-T
  • Up to 90% LTV – Primary Purchase
  • Up to 80% LTV – Investment Purchase
  • Up to 80% LTV – Cash-Out
  • Max loan amount of $4M
  • 12-Month Profit and Loss (within 30 days of loan application)
  • Must be Self-Employed for 2+ years
  • NO Added Expense Ratio
  • Non-Warrantable Condos & Condotels OK!
  • Minimum Fico 600

As a leader in the Non-QM loam market, we recommend contacting our office for more detailed information on each program we offer specifically the P&L program. Our Non-QM loan consultants are here to answer your questions.

P&L Mortgage Program