Profit & Loss ``P&L`` Loans

Qualify Using Your Business Profit & Loss Statement

If you’re self-employed, you know that traditional mortgage requirements don’t always reflect your true financial picture. A Profit & Loss (P&L) Loan allows eligible borrowers to qualify using a professionally prepared Profit & Loss statement instead of tax returns, making home financing more accessible for business owners, freelancers, contractors, and entrepreneurs.

Whether you’re purchasing a new home, refinancing your current mortgage, or accessing your home’s equity, a P&L loan may provide the flexibility you need.

What Is a Profit & Loss Loan?

A Profit & Loss Loan is a Non-QM (Non-Qualified Mortgage) financing option designed for self-employed borrowers. Rather than relying solely on tax returns, lenders review a Profit & Loss statement prepared by your CPA, tax preparer, or other qualified professional to
evaluate your income.

This loan program is ideal for borrowers whose taxable income has been reduced by business deductions but whose business generates strong cash flow.

Benefits of a Profit & Loss Loan

• No personal or business tax returns required for income qualification (when permitted by the program)
• Qualify using a Profit & Loss statement
• Designed specifically for self-employed borrowers
• Available for home purchases, refinances, and cash-out refinances
• Competitive loan amounts, including jumbo options for qualified borrowers
• Flexible underwriting guidelines
• Primary residences, second homes, and investment properties may be eligible
• Faster, more streamlined documentation process

Who Is This Loan Best For?

A Profit & Loss Loan may be a great fit if you are:

• Self-employed
• A business owner
• An independent contractor
• A freelancer or consultant
• A real estate professional
• A medical, legal, or financial practice owner
• Someone whose tax deductions reduce your reported taxable income

Common Uses

• Purchase a new home
• Refinance an existing mortgage
• Cash-out refinance to access home equity
• Consolidate debt
• Finance a primary residence, vacation home, or investment property

Why Choose a Profit & Loss Loan?

Many successful business owners write off legitimate business expenses that lower their taxable income. While this is beneficial at tax time, it can make qualifying for a conventional mortgage more challenging.

A Profit & Loss Loan is designed to provide a financing solution that better reflects your business’s financial strength, helping you qualify with documentation that aligns with your income.

Ready to Explore Your Options?

If you’re self-employed and looking for a flexible mortgage solution, we’re here to help. Our team will review your unique financial situation and help determine whether a Profit & Loss Loan is the right fit for your home financing goals.

Apply today or contact us to learn more about our Profit & Loss Loan programs.