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(855) 710-7100
Preapproval
Programs

1Y + 2Y P&L

Min. FICO 660 Up to 80% CLTV

Self-employed individuals have a more difficult time qualifying for a traditional mortgage. At A&D Mortgage, we offer our Non-QM 1-year and 2-year P&L loans to help them.

Borrowers can qualify for an A&D loan based on the strength of their business’s Profit & Loss (P&L) statement.

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Features
P&L by Licensed CPA, Enrolled Tax Agent, or Licensed Tax Preparer
No bank statements required if CLTV <= 65%
No tax returns required
Loan amounts up to $4 million
Max cash-on-hand $1 million, no limit CLTV < 55%
Up to 80% CLTV on 2Y and up to 80% CLTV on 1Y
Max DTI 55%
Super Prime & Prime program
Temporary rate buydowns available

1Y + 2Y P&L FAQ

What is a Profit and Loss mortgage?

When self-employed borrowers are unable to qualify under GSE mortgage guidelines, Profit and Loss (P&L) Statement mortgages offer a simple solution. Our P&L allows us to determine the monthly qualifying income of your clients based solely on 1- or 2-year P&L statements prepared by either their CPA or a licensed tax preparer.

This means no tax returns, transcripts or bank statements are required to qualify under this program.

Who can get a Profit & Loss mortgage?
  • Businesses/self-employed workers who received income exclusively from cash and may not keep perfect records of their transactions.
  • Businesses/self-employed workers with seasonal income, and/or make intermittent deposits that do not follow a regular predictable pattern on a weekly or monthly basis.
  • Businesses/self-employed workers that have been in business for more than 2 years.

Ready to get started?

Write to us, we will contact you within 30 minutes.
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#Yes to self-employed

Conventional Standard

Min. FICO 620 Up to 97% CLTV
  • Loan amounts up to $766,550
  • DTI up to 50%
  • Minimum down payment 3%
  • Down payments as low as 3% depending on loan amount

Conventional High Balance

Min. FICO 620 Up to 97% CLTV
  • Loan amounts up to $1,149,825
  • Primary, secondary homes, and investment
  • More competitive rates and easier guidelines
  • Faster turn times

This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the state of New York will be accepted through this site.