PROFIT AND LOSS STATEMENT PROGRAM

Self Employed mortgage borrowers had been having a difficult time qualifying for mortgages since the 2008 Great Recession where no doc loans and stated income loans were no longer available. Great news, A&D Mortgage has the solution. Introducing our new Profit and Loss Statement Program.

PROGRAM HIGHLIGHTS

  • CPA to provide P/L covering the last two full years and YTD income

  • No bank statements will be required
  • Borrower only needs to own at least 25% of the business

  • The business needs to have existed for at least the last two years

  • Maximum 75% LTV with a minimum score of 680

  • ADM will allow combined P/L from 2 separate companies.