Who is this loan right for?
P&L Mortgage Loans support small business owners or entrepreneurs who want to qualify for a mortgage using their Profit and Loss (P&L) statements instead of traditional W‑2 or tax return documentation. This is especially useful for business owners whose income varies year to year.
Benefits of this loan program
- Business financials count: Uses detailed P&L reports to assess eligibility.
- Captures true earnings: Ideal when tax deductions don’t reflect real income.
- Simplified documentation: Streamlines mortgage approval for active business owners.
General eligibility requirements
- 1–2 years of recent P&L statements.
- Stable business revenue and profitability.
- Minimum credit score per lender (usually 620+).
- Documentation supporting business expenses and revenue.
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