How P&L only mortgage loans work
P&L only mortgage loans may help qualifying borrowers evaluate a financing scenario based on the applicable program, documentation, property, occupancy, and lender guidelines. Nationwide Funding Group can compare available options, explain required documentation, and help you understand the next steps. All programs remain subject to borrower qualification, property eligibility, and final lender approval.
Your accountant already wrote the story. Let it qualify you.
P&L-Only loans use an accountant-prepared profit-and-loss statement in place of tax returns or bank statements.
Equal Housing Opportunity
Built for self-employed borrowers who’d rather not dig through bank statements.
Not every self-employed borrower wants to hand over months of bank statements, and not every business’s deposit history tells a clean story. P&L-Only loans exist as an alternative path for exactly that borrower — one where a licensed accountant’s profit-and-loss statement can stand in as the income documentation instead.
An accountant-prepared statement does the heavy lifting.
Your CPA or licensed tax preparer provides a profit-and-loss statement covering a defined period, and underwriting uses that statement — rather than tax returns or bank statements — to evaluate qualifying income. The exact lookback period and preparer requirements vary by investor, which is why we confirm the details with you directly (see below).
Available nationwide for qualifying business-purpose transactions — not limited to California. The loan programs on this page are business-purpose loans for non-owner-occupied investment or business property — they are not intended for personal, family, or household use. Because they’re business-purpose loans, we offer them nationwide, separately from our California-only consumer home loan programs. This page is general program information, not a set of loan terms, a commitment to lend, or an offer of credit.
Wondering if you’d qualify? Every wholesale investor sets their own guidelines, and the specific numbers — minimum credit score, maximum loan-to-value, qualifying ratios — genuinely vary from loan to loan. Rather than guess at figures here, we’ll walk you through current guidelines for your specific scenario using the same investor relationships we place these loans through. Contact us → and let’s talk about your situation directly.
Get pre-qualified for a P&L-Only loan.
Rates, programs, and terms are not guaranteed and are subject to borrower qualification and final lender approval. This is not a commitment to lend.
Nationwide Funding Group Corp, a licensed mortgage lender and mortgage broker | 350 S Crenshaw Blvd, Ste A206A, Torrance, CA 90503 | (310) 961-9750 | NMLS #98906 | CA DRE Corporation License #01801836 (licensed, active, since 2007) | Broker of Record: Alexander J. Gonzalez | NMLS #98329 | CA DRE #01384006 | Equal Housing Opportunity | NMLS Consumer Access → | Licensing & Disclosures | Privacy Policy | Terms of Use | Accessibility Statement | This is not a commitment to lend. All loan programs are subject to borrower qualification, property eligibility, and lender approval, and are not guaranteed.
Compare P&L only mortgage loans with other documentation options
P&L only mortgage loans may allow a qualifying self-employed borrower to document business income using a professionally prepared profit-and-loss statement under specific investor guidelines. This approach is different from a conventional full-documentation loan and from a bank statement program. Business history, expense methodology, property eligibility, occupancy, credit, reserves, and other requirements vary by lender.
Before applying, compare this program with bank statement financing, asset depletion, and the broader Non-QM loan options. Nationwide Funding Group can review the scenario and explain which documentation path may be available. This information is educational and is not a commitment to lend.