Self-Prepared Profit & Loss (P&L)
If you’re self-employed and don’t have traditional tax documents or want to avoid complex paperwork, our Self-Prepared Profit & Loss Mortgage Program is built for you. This flexible option allows you to qualify for a mortgage using a self-prepared profit and loss statement instead of full tax returns.
Program Highlights
✅ Qualify using self-prepared P&L (no CPA required)
✅ No need for full tax returns, W-2s, or pay stubs
✅ Perfect for freelancers, small business owners, and 1099 earners
✅ Fast, streamlined approvals
✅ Can be used for purchase or refinance
✅ Available for primary residence, second homes, or investment properties
What Is a Self-Prepared P&L?
A Profit and Loss Statement summarizes your business income and expenses over a specific period (usually 12–24 months). It shows your net income—just like a tax return—without requiring official filings.
In this program, you can prepare it yourself, giving you the flexibility to explain your true earnings without tax deductions reducing your qualifying income.
What Lenders Typically Require
- Self-prepared Profit & Loss statement (12 or 24 months)
- Bank statements showing deposits that support income on P&L
- Proof of business ownership (license, website, invoices, etc.)
- Minimum credit score (typically 620+)
- Down payment (as low as 10–20% depending on property type)
Why Choose a Self-Prepared P&L Loan?
- Skip the CPA or accountant costs
- Show your income how it really is
- Get approved when banks say no
- Use your real cash flow to qualify
Who Is This For?
- Sole proprietors and independent contractors
- Gig workers and side hustlers
Entrepreneurs and small business owners
Anyone whose tax returns don’t reflect their true income due to deductions
