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

  • P&L covering the last two full years and YTD income provided by enrolled Tax Agent, licensed Tax Preparer or licensed CPA

  • 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 85% LTV with a minimum score of 680

  • We will allow combined P&L from 2 separate companies.

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