P&L (Profit & Loss) loan programs are designed primarily for self-employed borrowers who may not qualify using traditional income documentation methods. Instead of relying on tax returns, these programs allow borrowers to qualify using a Profit & Loss statement, making them a flexible financing solution for business owners, entrepreneurs, and independent contractors.

We offer both traditional bank statement loan options and Non-QM (Non-Qualified Mortgage) P&L programs to help meet the needs of a wide range of self-employed borrowers.

Traditional mortgage programs often require extensive documentation and may not accurately reflect a self-employed borrower's true cash flow due to business deductions and write-offs.

Because P&L loans fall under Non-QM guidelines, qualification requirements can differ from conventional mortgage programs and may include:

CPA-prepared or CPA-signed Profit & Loss statements (depending on program)

Business bank statements in some cases

Minimum reserve requirements

Higher credit score requirements

Additional business documentation

P&L loan eligibility requirements:

Borrower generally must be self-employed

Business operating history may be required

Proof of ongoing business activity

Income is evaluated using the Profit & Loss statement and supporting documentation

Down payment requirements often range from approximately 10%–25%, depending on occupancy, credit profile, and loan size