Your Financial Success, Simplified.

No tax returns. No stacks of bank statements. Just a simple Profit & Loss statement to unlock your dream home.

Talk to a Self-Employed Loan Expert
OVERVIEW

The Lowdown on P&L Only Mortgages…

For many business owners, the “paperwork hurdle” is the most frustrating part of buying a home. If your business is well-organized and you work with a CPA or tax preparer, the P&L Only loan is likely your best path to homeownership.

Unlike traditional loans that require two years of tax returns, or even Bank Statement loans that require 12–24 months of records, this program qualifies you based on a single CPA-Prepared Profit & Loss Statement.

We look at your business’s bottom line as reported by your financial professional. This allows us to see your current, year-to-date earnings and use that “real-time” income to qualify you for a mortgage. It’s fast, it’s efficient, and it respects the way you actually run your business.

Benefits

Why Choose a P&L Only Loan?

Absolute Minimum Paperwork

Forget the “shoebox” of receipts. A single, one-page or two-page P&L statement from your CPA is often the only income document we need.

Use Current Year Income

Standard loans look at the past two years of taxes. If your business has grown significantly this year, a P&L Only loan lets you use that higher, current income to qualify.

High Loan-to-Value (LTV)

Despite being a “No-Doc” style loan, we offer competitive leverage, often allowing for down payments as low as 20% for qualified borrowers.

No Tax Transcripts

We do not request 4506-C tax transcripts. Your relationship with the IRS stays between you and the IRS; we focus on your business’s ability to support the mortgage.

Investor Friendly

This program is available for primary residences, second homes, and investment properties.

Eligibility

P&L Only Loan Standards

To keep this process fast, we require that your financial documents come from a verified professional.

Requirement Standard Notes
Document Source CPA or Tax Pro Must be signed by a licensed CPA, Enrolled Agent, or CTEC.
Self-Employment 2 Years Must have owned the same business for at least 2 years.
Credit Score 660+ This program requires a slightly higher score than Bank Statement loans.
Loan Amounts $250k – $3M+ Perfect for both standard homes and high-end luxury estates.
Business Type Most Entities LLCs, S-Corps, C-Corps, and Sole Proprietors are all eligible.
IS THIS RIGHT FOR YOU?

P&L Only Loans Are Ideal For…

Scenario 1: The Modern Business Owner
You have a clean set of books and a great relationship with your CPA. You don’t want to spend hours downloading bank statements when your P&L already shows exactly what you earn.
Scenario 2: The Rapidly Growing Company
Your 2024 tax returns show you made $100k, but your 2025/2026 P&L shows you are on track for $300k. A P&L loan lets you buy the house that fits your current success.
Scenario 3: The Privacy-Conscious Borrower
You prefer not to share 12 months of every single business transaction found in bank statements. A P&L provides a professional summary of your income without the “granular” look into your daily spending.
Scenario 4: The Complex Business Structure
If your business has multiple entities or complex inter-company transfers, bank statements can be confusing to an underwriter. A CPA-certified P&L clarifies the “Net Income” immediately.

THE PROCESS

Speed is the Standard

The Qualifier

5 min

Enter your basic business info and estimated net profit.

CPA Coordination

1-2 weeks

We verify your information and submit to FHA for approval.

Professional Verification

3-7 days

We perform a brief “Business Narrative” review to understand your industry and overhead.

Appraisal & Underwriting

Same day

We value the property while our underwriters review the P&L—usually a much faster process than “Full-Doc” reviews.

Fast Closing

Same day

Move into your new home without ever having to log into your tax software.

DSCR FAQs

Frequently Asked Questions

Let Your Success Speak for Itself.

Your CPA has already done the work. Use your Profit & Loss statement to secure your next home today.