Profit and Loss Guidelines

In today’s market, qualifying for a home loan can be tough if you’re self-employed or don’t show strong income on your tax returns. That doesn’t mean you shouldn’t be able to buy a home.

Our Profit & Loss (P&L) loan program is designed specifically for business owners who want a simpler way to qualify—without needing to provide full tax returns or traditional income documentation.

Instead, we use a profit & loss statement along with a CPA letter to verify your income, making the process faster and more flexible.

With as little as 3.5% down, this program helps self-employed borrowers become homeowners without jumping through unnecessary hoops.

Program Highlights:

  • As low as 3.5% down payment

  • No tax returns required

  • No traditional income docs

  • Qualify using Profit & Loss statement + CPA letter

  • Flexible approval for self-employed borrowers

  • Competitive loan options

Eligible Property Types:

  • Single-Family Homes

  • Condos

  • Townhomes

  • 2–4 Unit Properties

Requirements:

  • Self-employed borrower

  • Profit & Loss statement (prepared and signed)

  • CPA letter verifying business and income

  • Minimum credit score typically 620+

  • Primary residence

FAQs

Do I need to provide tax returns?
No. This program does not require tax returns.

How is my income verified?
Through a Profit & Loss statement and a CPA letter.

Who is this program for?
Self-employed borrowers or business owners who may not qualify with traditional income documentation.

What’s the minimum down payment?
As low as 3.5%.

Can I use this for an investment property?
Typically for primary residences, but options may vary.

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