Profit & Loss
Designed for self-employed borrower that do not report sufficient income on tax returns to qualify for the mortgage loan requested.
- No tax returns required
- Valid for primary, 2nd or investment property purchase and refinances
- 12 or 24 months statements to qualify (must be in business at least 12-24 months)
- Maximum 90% Loan to value (LTV) financing (for primary residence only), 80% on refinance cash out
- Minimum FICO score required – 620
- Loan amounts up to $4,000,000