Profit and Loss Program
Designed for self-employed borrowers who want a flexible path to financing using business documentation instead of traditional income methods. Qualify with properly prepared profit and loss statements while keeping more options open for owner-occupied, second home, and investment scenarios.
Program Overview
A practical solution for self-employed borrowers who need financing based on business performance. This program uses profit and loss statements prepared by a licensed tax preparer, helping qualified borrowers present income in a way that better reflects how their business operates.
Program Features
Profit and loss statements must be prepared by a licensed tax preparer on official letterhead.
Documentation may cover either the most recent 12 or 24 months of business performance.
Year to date business figures are also required.
Minimum 600 FICO credit score and maximum 80% loan to value.
Available for primary residences, second homes, and investment properties.
Not available for first-time home buyers.
Why Choose This Program?
Built for self-employed borrowers who need a more flexible documentation path.
Helps present business income through properly prepared profit and loss statements.
Works across owner-occupied, second home, and investment scenarios.
Offers a strong option for qualified borrowers who do not fit standard documentation boxes.
Lets business performance help tell the full income story.
Creates more flexibility when traditional documentation does not reflect true earning strength.
Who This Program Is Great For?
Self-employed borrowers with established business income.
Business owners working with a licensed tax preparer.
Clients buying or refinancing a single-family residence, condominium, or townhome.
Borrowers needing financing for primary, second home, or investment occupancy.
Clients who are not first-time home buyers.
Borrowers looking for a flexible alternative to traditional income documentation.
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