Profit and Loss Statement Loans

Rather than using tax returns, we allow the business owner to have their licensed tax preparer provide a 1-2 Year Profit and Loss (P&L) Statement as income, which often provides a more accurate portrait of the applicant’s true income profile.  

There are no prepayment penalties for owner occupied and second homes, so the loan can be refinanced if desired, as soon as the applicant qualifies for a traditional home loan.  Many of our clients use this program to buy their dream home and decide to refinance it into a traditional loan once they and their tax advisers determine the optimal time.  It allows the business owner to take control and buy a home on their terms.

Profit and Loss Statement Loans - Conventional Loans - Non-Qualified Mortgage (QM) Loans - Commercial Loans - Commercial Loan Center - 1099 Mortgage loans - 1099 Employees Mortgage Loans - GCM Mortgage | Conventional home loan form and a pen. |

This loan program is similar to other unconventional loan programs but the documentation requirements are much easier than providing 12-24 months of bank statements or similar documentation

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We eliminate the lengthy loan process, we pre-approve our borrowers within hours
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