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.
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.