Flexible Mortgage Solutions Using Your Profit and Loss Statement
Profit and Loss (P&L) loans are a distinct category of Non-Qualified Mortgages (Non-QM) specifically created to serve self-employed individuals seeking home financing. Instead of requiring traditional income verification like W-2s or tax returns, lenders assess your income through a Profit and Loss statement prepared by you or your CPA. This approach allows you to showcase your real earning power, especially if your taxable income doesn’t tell the full story.
This type of loan is perfect for entrepreneurs who maximize deductions on their tax returns and want a mortgage solution that reflects their true business success.
You might be an ideal candidate for a P&L mortgage loan if:
If you’ve built a successful business, your mortgage solution should reflect that achievement. A P&L loan acknowledges the unique way entrepreneurs earn and document their income, offering a respectful and empowering approach to mortgage lending.
Qualifying for a P&L mortgage is straightforward when you know what to expect:
The goal is to paint an accurate, confident picture of your financial strength—one that traditional paperwork often can’t fully capture.
The P&L mortgage program offers powerful advantages for self-employed borrowers like you:
You are more than your tax returns. A P&L mortgage ensures that your accomplishments and ongoing income streams are fairly recognized.
Reflects true income,
not just tax returns.
Your Profit and Loss mortgage loan can open the door to a variety of property options:
Whether you’re looking to settle down, invest, or expand your real estate holdings, a P&L mortgage puts your goals within reach.
Q: Do I need a CPA to prepare my Profit and Loss statement?
A: While not always required, having a CPA-prepared statement adds credibility and can increase your chances of approval.
Q: Can I refinance using a P&L loan?
A: Absolutely. Refinance your current mortgage to lower your payment, access equity, or change loan terms using a P&L statement for income verification.
Q: How much down payment is required?
A: Most P&L mortgage loans require a down payment between 10% and 20%, depending on your credit profile and property type.
Q: What type of properties can I finance with a P&L mortgage?
A: You can finance primary residences, second homes, and investment properties, providing the flexibility you need to reach your real estate goals.
Your business tells a story of drive, perseverance, and growth. With a Profit and Loss mortgage loan, we help you turn that story into a new beginning—a home that reflects your hard-earned success.
Whether you’re buying your dream home, refinancing for better terms, or investing in your future, our team is ready to guide you every step of the way, with expertise, care, and mortgage solutions that fit your real life.
When you’re self-employed, your success should open doors, not close them. With a Profit and Loss mortgage loan, you can qualify for a home loan based on your real business income, without needing W-2s or traditional tax returns. Whether you’re an entrepreneur, freelancer, or small business owner in Texas, we make it easier to turn your achievements into a new home, investment property, or second home.
Call us at (877) 280-4833 to talk to a Loan Advisor for a free consultation on how to use your P&L Statement to get a mortgage. Your entrepreneurial journey deserves a mortgage that moves with you, not against you.
The Texas Mortgage Pros, LLC. is not affiliated with an agency of the federal government, HUD or FHA. THIS IS NOT A GOVERNMENT DOCUMENT. HUD or FHA did not distribute or approve this material.
The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply.
