1Y + 2Y P&L ONLY

Up to 85% CLTV on 2Y Up to 80% CLTV on 1Y No Score or FICO 599

Self-employed individuals have a more difficult time qualifying for a traditional mortgage. At A&D Mortgage, we offer our Non-QM 1-year and 2-year P&L Only loans to help them.

Borrowers can qualify for an A&D loan based on the strength of their business’s Profit & Loss (P&L) statement only. No bank statements are required.

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No Score or FICO 599
Up to 85% CLTV on 2Y and up to 80% CLTV on 1Y
Max DTI 55%
Loan amounts up to $4 million
Max cash-on-hand $1 million, no limit CLTV < 55%
P&L by Licensed CPA, Enrolled Tax Agent, or Licensed Tax Preparer
No bank statement required
Super Prime & Prime program
Temporary rate buydowns available

Fast turnaround times


24 hours


24 hours


24 hours


24 hours

24 hours

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What is a Profit and Loss Loan?

A profit and loss loan looks at a company’s P&L statement to determine if borrowers qualify for a loan. This eliminates the need to use tax returns which can be helpful when applicants take a large number of deductions and do not qualify for traditional financing.

A P&L loan gives them a chance to show their company’s profitability even if their tax returns and bank statements do not reflect this information.

How do borrowers qualify for a P&L Loan?

While the qualifying factors can be different with each lender, here is what can be expected from A&D Mortgage:

  • A credit score of at least 599 – They do not need perfect credit, but they must prove that they can handle their financial obligations
  • Proof they have been self-employed for at least 2 years – This gives us the satisfaction of knowing they have been successful for at least 2 years and that their business will continue
  • Provide a 12-to-24-month P&L statement – Providing P&L statements that average out the income over 1 to 2 years allows A&D to see their business cycles and its difficulties so they do not get pre-approved for a loan that they might not be able to afford year-round.
  • Provide a statement from a licensed CPA, enrolled Tax Agent, or licensed Tax Preparer– This endorses the fact that they are self-employed, and the income being claimed on their P&L is accurate and true.
Why Use a Profit & Loss Loan?

P&L loans are most common for self-employed borrowers that take a lot of deductions at tax time. It is also great for business owners that do not have the bank statements to prove their regular income.

They do not have to supply a reason – as long as they have P&L statements certified by their CPA, tax agent, or tax preparer, they can use them to prove their income. It is a fantastic way to get a mortgage loan much faster without having to mess with the deductions allowed to be taken on income tax returns.

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#Yes to self-employed

  • Fixed-rate financing for easier budgeting
  • Homebuyer education is required for first-time buyers
  • Up to 97% LTV
  • FICO 620


Financing up to 96.5% DTI up to 55%
  • Financing up to 96.5%
  • DTI up to 55%
  • No appraisal is needed to apply for the streamline refinance FHA program
  • Up to 6% of closing costs can be contributed by the seller