P&L Only Loans — No Tax Returns, No Bank Statements
One 12-month P&L from your accountant. That's it.
The Accountant-Prepared P&L Framework
For many self-employed business owners, organizing W-2s, compiling tax transcripts, or collecting months of detailed personal and business bank statements is an operational headache.
My signature **P&L Only Loan Program** simplifies self-employed mortgages. Qualifying is based strictly on a single 12-month Profit and Loss statement prepared and signed by your CPA, EA, or PTIN tax preparer. It is the ultimate minimal-document loan for active business owners.
Program Parameters:
Simply provide a standard 12-month P&L statement compiled by a licensed accountant or tax preparer.
Scale your purchases or cash-out refinancing effortlessly across Utah.
Purchase up to 80% LTV, leverage cash-out refinancing up to 75% LTV, with FICO scores down to a 660.
Choose from 30-year fixed terms, competitive interest-only schedules, and leverage 100% gift down payments.
Who This Program Is Built For
Complex Tax Entities
Business owners whose corporate books show robust gross revenues, but carrying complex partnership tax filings that automated bank systems flag.
Recent Entrepreneurs
Ideal for self-employed individuals who prefer a simplified process over digging up sheets of personal bank history.
privacy Minded Borrowers
For individuals who value privacy and prefer to minimize statement footprint disclosures to commercial lenders.
Frequently Asked Questions
Who qualifies as an eligible tax preparer for the P&L statement?
The P&L statement must be prepared and signed by a licensed CPA, an Enrolled Agent (EA), or an active tax preparer holding a valid IRS Preparer Tax Identification Number (PTIN). I make verifying your accountant quick and seamless.
Do I need to submit any bank statements?
No. With this program, bank statements are completely bypassed. We rely strictly on the 12-month profit and loss statement signed by your accountant.
Are tax returns required?
No tax returns are required. I will not request W-2s, business returns, personal returns, or IRS tax transcripts.
What credit score do I need?
This program is available starting with credit scores at 660 FICO. Larger loan-to-value limits open up at 700+.
Can I use gift funds for my down payment?
Yes. I allow 100% gift funds for your down payment, closing costs, and reserve requirements from eligible family members.
Qualify with a Single Profit & Loss Statement
Ditch commercial bank transcripts and heavy document audits. Start your custom P&L only scenario pre-approval today.