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, Lend4Less.com offers customized financing solutions that cater to your specific situation.

Call us at 209-602-4900 today or click the button below to request a free consultation with one of our mortgage advisors.

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