Your accountant already wrote the document we need.
Profit and loss only mortgages across Maryland, Virginia, Washington DC, North Carolina and Florida, from our office in Fulton, Maryland.
The lightest paperwork of any self-employed programme. A prepared profit and loss statement does most of the work.
Applications go out without your personal information attached. You decide who sees it in full.
100+ Lenders
Approval Within 24 Hours
30+ Years of Mortgage Experience
No Credit Pull • No Obligation
A P&L only loan is usually right if this is you
| YOUR SITUATION | WHY THIS LOAN FITS | GO TO |
|---|---|---|
| You have a CPA or a bookkeeper | Someone already producing proper statements is the main prerequisite | Bank statement loans → |
| Your deposits look messy but your books do not | Common where revenue arrives irregularly or through several channels | Bank statement loans → |
| You want the least paperwork possible | This programme asks for less than any other self-employed route | Self-employed → |
| You run several entities | A consolidated statement can be simpler than reconciling multiple accounts | All non-QM → |
| You are established rather than new | P&L programmes generally suit businesses with a track record | Bank statement loans → |
One application. Better options. Simple process.
One simple application gives us what we need to explore the right mortgage options for your unique situation.
1
Submit the documents
Upload the required documents so we can review your application and move your loan forward.
2
We Shop 100+ Lenders
We compare lenders and find the loan options that fit your situation.
3
You Choose. We Close
Pick the option that works for you. We handle the process from underwriting to closing.
What a P&L only file needs
A prepared profit and loss statement
Covering the period the lender asks for, and signed by whoever prepared it.
A qualified preparer
A CPA, an enrolled agent or a licensed tax preparer, depending on the lender.
Evidence the business exists
A licence, a registration or similar.
A credit history the lender can price
As with any non-QM file, the documentation is flexible and the credit is not.
A deposit
Generally more than an agency loan requires.
Sometimes a supporting statement
Some lenders want a short period of bank statements alongside. Some do not.
No rates or figures here on purpose. Yours depend on your credit, the county and the program. A licensed loan officer gives you real numbers on the call.
What to watch for, and we will not bury it
Your accountant has to be willing
Some preparers are cautious about signing statements used for lending. Ask them early rather than at underwriting.
Fewer lenders offer this than bank statement
It is a narrower market, which makes shopping it more valuable rather than less.
The statement has to be consistent with reality
It will be read alongside whatever else the lender sees. Numbers that do not reconcile cause problems late.
Nadeem Bhatti
Where we place P&L only loans
Maryland
Virginia
Washington DC
North Carolina
Florida
Texas
We are a mortgage company serving these areas. We do not keep a branch in each one. Every mortgage loan is worked from 8115 Maple Lawn Blvd, Suite 350, Fulton, Maryland.
What business owners ask about P&L loans
Who can prepare the profit and loss statement?
Usually a CPA, an enrolled agent or a licensed tax preparer. Which is acceptable varies by lender.
Do I still need bank statements?
Sometimes a short period alongside, sometimes none at all. It depends where the file is placed.
Can I prepare it myself?
Generally not. The value of the document to a lender comes from who signed it.
How is this different from a bank statement loan?
A bank statement loan reads your deposits. This one reads a prepared statement. If your books are cleaner than your account activity, this is the better route.
Is it faster?
Often, because there is far less to analyse. That is the main practical advantage.
See whether a P&L is enough on its own
Send us your latest statement. We will tell you which lenders would work from it, free.