Self Prepared P&L

  7/7/2022 10:48:29 PM      AAA Capital Investment, Inc.

Self prepared P&L

What is the Self prepared P&L

Self Prepared P&L is a good choice for self-employed borrowers who can not be qualified with agency loan and do not want to provide varities of income documents.

Self Prepared P&L Program Highlights

CPA Prepared P&L

Max. LTV 80%
Max. Loan Amount $3.5M
Min. FICO 660

30 Years Fixed
Max Cash-In-Hand $500,000 for LTV > 60%.
2nd Home/Investment: Max LTV 70% for C/O Refi.
Warrantable Condo /2-4 Units: Max LTV 70% for C/O Refi.
Non-warrantable Condo: Max LTV 65% for C/O Refi.
FTHB without housing history max LTV 70%.
Max DTI 53%.

Self Prepared P&L

Max. LTV 70%
Max. Loan Amount $2M
Min. FICO 680

5/6 ARM

 No Tax Return Needed;
 No Prepaid Penalty;
 No Additional Adjustments;
 Foreign National Allowed (CPA Prepared P&L);
Available in CA, NV and TX.

What is P&L? Who can apply for P&L?

• Are you a self-employed borrower?
• Did your mortgage lender require business bank statements and signed tax returns with transcripts for loan qualification?
• Have you ever been suspended or denied by the agency lenders? Did your lender ever deny your application based on their internal guidelines?
• Do you know how you can qualify a house loan without any income documents?
P&L (Profit & Loss) is designed for self-employed borrowers who typically write off a lot on their tax returns to lower their income that would not be sufficient to qualify for agency programs, would benefit from alternative loan qualification methods. A CPA/CTEC/EA completed and signed P&L may be used as an alternative to tax returns to document a self-employed borrower’s income. In addition, a self-prepared P&L from borrowers can sometime be accepted.

The Benefits of Self prepared P&L

For self-employed borrowers, the 12/24 month bank statement program is often a better choice, as this program doesn’t require tax returns or business bank statements. However, for those with a more complex financial situation involving multiple bank statements, the P&L program may be the best choice. If a business has statements from three bank accounts, this restriction could lead to the P&L program being a more suitable option.

Self Prepared P&L Fast Approval Requirements

When submitting loan applications, lenders may need a YTD (Year-to-Date) P&L (sometimes including prior year's P&L), a business license, a CPA letter, among other things.
Submission Team is available to calculate income for the borrower before submitting a loan.

Self Prepared P&L

If you have any questions about Self prepared P&L program,

Please email to or call us: 1 (877) 789-8816

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