Profit & Loss (P&L) Loans

Self-employed mortgage options using a business profit-and-loss statement to document qualifying income.

Why choose this option?

A borrower may need an alternative to traditional tax-return income documentation.

What can it be used for?

Purchase a home or refinance an eligible property, including cash-out when available.

How it works

Many programs require a CPA or qualified tax preparer to prepare the P&L. Coverage period and supporting bank statements vary by lender. This is an alternative-documentation loan, not an unverified-income loan.