Have a Clean P&L? Use It to Qualify for Your Mortgage.
If you're self-employed or own a business, you don't need to rewrite your tax returns to buy a home or investment property. Use a single-page 12- or 24-month Profit and Loss (P&L) statement to qualify for a Non-QM loan—with competitive rates, fast approvals, and flexible underwriting.
Nationally Licensed Broker • Equal Housing Lender
"Your Business Numbers Are Strong—But Your Tax Returns Disagree"
If you're self-employed, you know this story:
"Your tax returns show too little income to qualify."
You use legal write-offs. You invest back into your company. You manage expenses wisely. On paper, your taxable income can look low—even when your business is thriving.
That leads to:
- Banks ignoring your actual business performance
- Denials based purely on taxable income, not real profit
- Advice to "come back after two years of different filings"
- Missed opportunities on homes or investment properties you can afford
But if you have a solid Profit and Loss statement—especially one prepared by your CPA—the truth is already organized and ready. You just need a lender who will use it.
P&L Only Non-QM Loans: Approvals Based on Your Actual Business Performance
A P&L Only Non-QM Loan lets you qualify using a single-page, 12- or 24-month Profit and Loss (P&L) statement instead of tax returns, W-2s, or paystubs.
Your P&L shows what really matters:
- •Your total revenue
- •Your business expenses
- •Your net profit over the last 12 or 24 months
We then use that net profit to calculate qualifying income for your mortgage.
Competitive rates for strong business profiles
Fast approvals once your P&L is reviewed
Flexible underwriting that understands business ups and downs
Up to 100% gift funds allowed for down payment and, in many cases, closing costs
Prefer to go over it with someone? Schedule a 1:1 Consultation
What Is a P&L-Only Loan (in Plain English)?
A P&L-Only Loan is a Non-QM mortgage where your qualifying income comes from a 12- or 24-month Profit and Loss statement, not from tax returns.
Instead of digging through lines on your return, we look at:
- •How much your business actually brought in
- •How much your business actually spent
- •What your business profited over the year or two
This streamlined snapshot—often on a single page—can be enough to qualify you.
Who a P&L-Only Loan Is Ideal For
- Business owners with organized bookkeeping
- Self-employed professionals who work with a CPA or tax preparer
- Entrepreneurs whose tax returns show low taxable income
- Companies with steady or growing profit over 12–24 months
If your P&L tells a better story than your tax returns, this loan is designed for you.
How the 12- or 24-Month P&L Works
We typically use a one-page summary of:
- •Total gross revenue for the last 12 or 24 months
- •Total business expenses for that same period
- •Net income (profit) for the period
Prepared and signed by your CPA, accountant, or tax professional, this concise P&L becomes the foundation for your qualifying income.
Depending on the program, we may:
- •Use the average monthly net income over 12 or 24 months
- •Adjust for reasonable business expense assumptions when needed
Then we determine how much home or investment property you can comfortably afford based on that income.
P&L-Only Loan Highlights
- Use a single-page 12- or 24-month P&L to document income
- Great for primary homes, second homes, and investment properties
- Designed for self-employed professionals and business owners
- Competitive rates for creditworthy borrowers with solid P&Ls
- Up to 100% gift funds allowed toward the down payment and sometimes closing costs (per program guidelines)
Why Self-Employed Borrowers Choose a P&L-Only Approach
Instead of letting tax strategy work against you, a P&L-Only Non-QM loan puts your real business performance front and center.
Competitive Rates for Strong Businesses
Even though this is a Non-QM loan, strong files can still access competitive pricing. As a nationally licensed broker, we shop multiple lenders to match your scenario with some of the best available options, based on:
- •Credit score and history
- •Down payment and loan-to-value (LTV)
- •Property type and occupancy
- •Strength and consistency of your P&L
You get modern options—not "take it or leave it" terms.
Fast Approvals Once Your P&L Is In
Once your P&L is prepared and shared, we can move quickly:
- •Clear list of any additional items needed
- •Direct analysis of your 12- or 24-month business performance
- •Many borrowers receive a credit decision in as little as 24–48 hours after submitting a complete file
This speed helps you write stronger offers and move on opportunities while they're available.
Flexible Underwriting That Understands Business Realities
Traditional underwriting often struggles with:
- •Seasonal income
- •Fluctuating revenue
- •Multiple business lines
P&L-Only underwriting is built to handle these realities. We look at the big picture over 12 or 24 months, not just one unusually low year or a single tax number.
This flexibility can be especially helpful if:
- •You've recently grown your business
- •You had one unusually heavy expense year
- •Your tax strategy legitimately lowers your taxable income
Up to 100% Gift Funds Allowed
Have family or partners willing to help with your down payment?
Many P&L-Only programs allow up to 100% of the down payment—and in some cases closing costs—to come from gift funds, subject to program guidelines.
This means you can:
- •Preserve working capital for your business
- •Invest in marketing, staff, or new equipment
- •Still move forward on the property you want
From One Page P&L to Pre-Approval in 5 Steps
We designed the process around how you already manage your business.
Quick Scenario Review (5–10 Minutes)
We'll ask a few simple questions:
- •Are you buying, refinancing, or investing?
- •What's your target purchase price or approximate loan amount?
- •How long have you been in business?
- •Do you have a 12- or 24-month P&L ready or can your CPA prepare one quickly?
P&L Preparation & Verification
If you already have a P&L:
- •We'll review it for the 12 or 24 month period
- •Confirm it's prepared/signed by a CPA, accountant, or tax professional
If you don't have one yet:
We'll outline exactly what your accountant should include on a single-page 12- or 24-month P&L summary
Secure Upload & Income Calculation
You'll securely upload:
- •Your 12- or 24-month P&L
- •Basic identification and property information
- •Any additional items needed for your specific scenario
We then:
- •Verify the P&L details
- •Calculate your average monthly net income
- •Use that number as your qualifying income for the Non-QM loan
Fast Underwriting & Pre-Approval Letter
Once your P&L and supporting info are in:
- •We structure your loan with competitive rates
- •Submit to our Non-QM underwriting partners
- •Work to secure a quick decision, often within 24–48 hours of a complete file
You'll receive a pre-approval letter you can confidently show to sellers, agents, or partners.
Lock Terms & Close Confidently
When you find the right property or move forward on your refinance:
- •We lock in your terms
- •Coordinate appraisal, title, and closing
- •Keep you updated at every step
Our focus is a smooth, predictable closing that respects your time and your business commitments.
Guidelines and market conditions can change. Getting pre-approved with your current P&L now means you're ready when the right opportunity appears.
Business Owners Who Qualified with a Single-Page P&L
"My tax returns made it look like I barely made anything because of all the write-offs. Using a 12-month P&L, they saw our real profit and I finally got approved for the home we wanted."
— R., Restaurant Owner
"My CPA put together a 24-month P&L. Within a few days, I had a pre-approval letter based on my actual business performance—not just my taxable income."
— A., Marketing Agency Founder
"The P&L-only approach saved me from having to rework years of tax planning. We leveraged my business numbers as they are and still got a competitive rate."
— T., Construction Company Owner
*Testimonials are illustrative examples of typical client experiences. Actual approvals and terms depend on credit, income, assets, property, and program guidelines.
Nationally Licensed Broker • Equal Housing Lender
Frequently Asked Questions About P&L-Only Loans
What is a Profit and Loss (P&L) statement, exactly?
A P&L is a simple financial report that shows your business's income, expenses, and profit over a period of time—here, usually 12 or 24 months. It can often be summarized on a single page and is commonly prepared by a CPA or accountant.
Do I really not need tax returns to qualify?
For P&L-Only Non-QM programs, your P&L can be the primary income document instead of tax returns. We may still review other supporting documents, but the P&L is what we use to calculate your qualifying income.
Who needs to prepare or sign my P&L?
Typically, a CPA, accountant, or licensed tax professional should prepare and/or sign your 12- or 24-month P&L. This adds credibility and helps underwriting move smoothly.
Should I use 12 months or 24 months?
It depends on your business.
- •If you've had strong recent growth, a 12-month P&L might better showcase your current performance.
- •If your income varies seasonally, a 24-month P&L can smooth out highs and lows.
We'll help you decide which period paints the best and most accurate picture.
Are rates much higher for P&L-Only loans?
P&L-Only loans may carry slightly higher rates than some traditional programs, but for strong business owners they are often very competitive, especially when you consider the flexibility you gain. We'll show you clear side-by-side numbers so you can decide with confidence.
What credit score do I need?
Minimum credit score requirements vary by program, but many P&L-Only options are available for borrowers with good, not perfect, credit. Higher scores can unlock better pricing.
Can I use gift funds for my down payment?
Yes. Many of our P&L-Only programs allow up to 100% gift funds for your down payment and sometimes closing costs, according to program guidelines. We'll walk you through how to properly document those funds.
Is this only for a primary residence?
No. P&L-Only Non-QM loans can often be used for primary homes, second homes, and investment properties. We'll match your goals to the right program.
Do I need to change how I file taxes going forward?
In many cases, you don't have to change your tax strategy just to qualify. The P&L-Only approach is designed so you can use a clean, accurate P&L to qualify without rewriting your tax returns.
Ready to Let a Single Page Tell Your True Story?
You've invested time, energy, and risk into building your business.
Your Profit and Loss statement already reflects that effort.
Now it's time to let it work for your mortgage.
Secure online form • No obligation • Fast answers once your P&L is reviewed
Schedule a 1:1 Consultation to Review Your P&L