WHAT IS A P&L‑ONLY LOAN
A P&L‑only loan allows self‑employed borrowers to qualify for a mortgage using a profit‑and‑loss statement instead of tax returns. This program is ideal for business owners whose tax write-offs reduce their reported income.
LEARN HOW P&L‑ONLY LOANS WORK
Lenders review a 12- or 24-month profit-and-loss statement prepared by a CPA or tax professional. This document shows your business revenue, expenses, and net income.
SEE P&L‑ONLY LOAN PAYMENT EXAMPLES
Your monthly payment depends on the loan amount, rate, and term. The income used for qualification comes directly from your P&L statement instead of tax returns.
UNDERSTAND P&L‑ONLY LOAN RATES
Rates vary based on your credit score, down payment, business stability, and financial profile. Stronger credit and larger reserves typically lead to better pricing.
SEE HOW P&L‑ONLY LOAN RATES ARE SET
Lenders evaluate your P&L statement, business history, credit profile, and assets. A stable business with consistent revenue often receives more favorable terms.
P&L‑ONLY LOAN CREDIT REQUIREMENTS
Most programs require strong credit, a stable business history, and a professionally prepared P&L statement. Requirements vary by lender.
CHECK P&L‑ONLY LOAN CREDIT REQUIREMENTS
P&L‑ONLY LOAN FEES AND COSTS
Costs may include standard closing fees, lender charges, and CPA verification fees. Fees vary based on the loan structure and property type.
REVIEW P&L‑ONLY LOAN FEES
P&L‑ONLY LOANS VS. BANK STATEMENT LOANS
P&L‑only loans use a profit-and-loss statement, while bank statement loans use business deposits. Each option fits different self-employed borrower profiles.
COMPARE P&L‑ONLY VS. BANK STATEMENT LOANS
COMMON USES FOR P&L‑ONLY LOANS
These loans are ideal for business owners with strong revenue but high tax write-offs, entrepreneurs with fluctuating income, and self-employed borrowers needing flexible qualification.
EXPLORE P&L‑ONLY LOAN USES
TAX CONSIDERATIONS
Mortgage interest and property taxes may be tax-deductible depending on your situation and current tax laws. Benefits vary based on income and property details.
LEARN P&L‑ONLY LOAN TAX RULES
HOW TO APPLY FOR A P&L‑ONLY LOAN
You’ll provide a CPA-prepared profit-and-loss statement, credit history, and asset documentation. P&L‑only loans offer flexible qualification for self-employed borrowers.
START YOUR P&L‑ONLY LOAN REQUEST