CPA-Prepared P&L Only
Qualify using just your Profit & Loss statement prepared by a licensed CPA or tax professional
No Tax Returns Required
Skip the complex tax return analysis. Your P&L tells the story of your business income
Business Owners Welcome
Perfect for LLCs, S-Corps, partnerships, and sole proprietors with strong business performance
Fast Qualification
Streamlined underwriting process focused on your current business performance
How P&L Only Loans Work
Get Your P&L Prepared
Have your CPA or tax professional prepare a 12-month Profit & Loss statement
Apply Online
Complete our simple application and upload your P&L and business documentation
Close Your Loan
Our team reviews your file and gets you to closing quickly
Program Requirements
Frequently Asked Questions
What is a P&L Only mortgage?
A P&L Only mortgage allows self-employed borrowers to qualify using a Profit & Loss statement prepared by a CPA or licensed tax professional, without providing personal or business tax returns.
Who prepares the P&L statement?
The P&L must be prepared by a licensed CPA, Enrolled Agent, or licensed tax professional. It should cover the most recent 12-month period and reflect your business's actual income and expenses.
What credit score do I need?
Most P&L Only programs require a minimum FICO score of 660, though some programs may accept scores as low as 620 with additional compensating factors.
Can I use P&L for investment properties?
Yes! P&L Only loans are available for primary residences, second homes, and investment properties. For investment properties, you may also combine with DSCR qualification.
How much can I borrow with a P&L loan?
Loan amounts typically range from $100,000 to $3 million, depending on the property type, LTV, and your qualification. Higher loan amounts may be available for well-qualified borrowers.
P&L Only Loan Rate Information
P&L Only loan rates are based on your profit and loss statement, credit score, loan-to-value, and business history. CPA-prepared or self-prepared P&L statements may have different rate adjustments. Rates shown are estimates only.
Minimum 2 years in business typically required. All loans subject to credit approval and business verification.
Licensed MLO approval required for all rate quotes and loan commitments.