P&L Only Loans — Qualify With a Profit & Loss Statement

Your business is profitable — your tax return just doesn't say so. A P&L only loan lets you qualify on a professionally prepared profit and loss statement instead of filed returns.

What Is a P&L Only Loan?

A P&L only loan is a non-QM mortgage that verifies your income using a CPA- or tax-professional-prepared profit and loss statement. It's designed for self-employed borrowers who can document healthy business income today, even if past tax returns don't reflect it.

Who It's For

Requirements at a Glance

• CPA- or tax-professional-prepared P&L statement
• Typically 2+ years in business
• Bank statements often used to support the P&L
• No filed tax returns required
• Credit scores from ~620
• Down payments from 10–20%