P&L Home Loans for Austin Business Owners

Using Your P&L to Qualify

A P&L mortgage is a non-QM loan that calculates your income from a profit and loss statement for your business. Many programs require the P&L to be prepared or signed by a CPA, enrolled agent or licensed tax preparer, and some pair it with a few months of bank statements to back it up.

It works well for established owners whose current year is stronger than their last tax return shows, or whose returns are complicated by depreciation and other deductions.

Is It Right for You?

• Your business has a clear, professionally prepared P&L.
• Your tax returns understate your current earnings.
• You’ve compared the other self-employed mortgage options and this gives the cleanest file.

Compare first if

• Your deposits tell a cleaner story than your books; our bank statement program may work better.
• You’re a veteran; a VA home loan may be an option.
• You’re buying your first home; see our first-time home buyer programs.
• Your loan size goes beyond conforming; ask about jumbo home loan options.

What Lenders Will Want

• The P&L itself, signed by your preparer as required.
• Proof of business ownership and how much you own.
• Recent business bank statements when the program requires them.
• Asset statements for down payment and reserves.

Our Approach

1. Read the numbers. We review revenue, expenses and ownership share.
2. Match a lender. Each lender has its own P&L rules, so we shop several.
3. Quote clearly. We show every option with rate and APR together.
4. Close. We help with any follow-up questions about the business.

P&L Mortgage Questions

For Austin Business Owners

Contractors, medical practices, agencies and restaurants across Central Texas often see strong growth that their last tax return doesn’t capture yet. Keeping clean books throughout the year makes a P&L loan much easier to put together when the right home comes along.