P&L loans are ideal for self-employed borrowers and business owners who want to qualify using business income rather than traditional employment documentation.

Borrowers may qualify if:

1. The borrower is self-employed or owns a business
2. A Profit & Loss statement accurately reflects current income
3. The borrower has acceptable credit history (typically 620+ depending on the program)
4. The income shown on the P&L supports the proposed mortgage payment
5. The borrower meets minimum reserve and down payment requirements

Because qualification does not rely on W-2s or personal tax returns, P&L loans are especially helpful for borrowers whose write-offs reduce taxable income but whose businesses generate strong cash flow.

P&L loans are ideal for self-employed borrowers and business owners who want to qualify using business income rather than traditional employment documentation.

Borrowers may qualify if:

1. The borrower is self-employed or owns a business
2. A Profit & Loss statement accurately reflects current income
3. The borrower has acceptable credit history (typically 620+ depending on the program)
4. The income shown on the P&L supports the proposed mortgage payment
5. The borrower meets minimum reserve and down payment requirements

Because qualification does not rely on W-2s or personal tax returns, P&L loans are especially helpful for borrowers whose write-offs reduce taxable income but whose businesses generate strong cash flow.

Advantages

1. Qualify using business income shown on a P&L statement
2. No W-2s required
3. No personal tax returns required in most programs
4. Ideal for self-employed borrowers and business owners
5. Flexible income documentation options
6. Faster underwriting compared to traditional self-employed loans

To learn more about Profit & Loss loan options, please call (866) 649-0179 or request a quote today.