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Profit & Loss Only

Easiest income qualification method available! Works with all of our Non-QM loan programs and is available to all self-employed or 1099 borrowers including individuals with only an ITIN. The Profit & Loss Only option is an excellent alternative to using your clients bank statements to qualify for a mortgage loan.

SUBMIT SCENARIO Profit & Loss Flyer

Profit & Loss Only Highlights

  • Profit & Loss Only is available with all loan programs for Self-Employed borrowers; including ITIN
  • Easiest Income qualification method available
  • Calculate income by taking your approved net income and divide by 12

Profit & Loss Only Documentation Requirements

  • P&L prepared by a CPA or PTIN for the previous 12 months or borrower prepared and signed by one of the above.
  • Evidence that your business has been in operation for 12 months or greater
  • Supporting documentation that the 3rd party reviewer is licensed or qualified

Want to talk to a member of our team? Call 1-800-400-5451

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