Profit and Loss Loan

A non-QM Profit and Loss Loan (aka P&L loan) is an ideal solution for borrowers with less than perfect credit or income that falls outside guidelines set by conventional mortgage programs. P&L works for both purchase or refinance purposes. Borrower only has to provide a profit and loss statement from their CPA or a registered accountant.

Highlights of our P&L loan program:

• Max 85% LTV - Primary Purchase
• Max 75% LTV - Investment Purchase
• Max 75% LTV - Cash-Out
• NO bank statements
• Max loan amount of $5M
• 650 FICO score (minimum)
• Property Types: Single-family Residence / Condo / Townhome (No rural or units)
• Must be Self-Employed for 2+ years
• One year profit and loss

What is a Profit and loss statement?

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period. The P&L statement shows a business's ability to generate sales, manage expenses, and create profits.

What are the requirements for a profit and loss loan?

• Borrowers must be in business at least two years.
• At least one profit and loss statement.
• CPA prepared and signed P&L
• Business must be in existence for at least 24 months.
• FICO score of 650 (minimum)
• Maximum loan-to-value (LTV) of 90%.

With years of experience in Profit and Loss Home Loans, Premium Mortgage Demo offers customized financing solutions that cater to your specific situation.

Call us at 877 123 XXXX today or click the button below to request a free consultation with one of our mortgage advisors.

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