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Profit & Loss Loans: Qualify Without Traditional Income Proofs -
Great for business owners with non-traditional income or large deductions


❌ Traditional lenders won’t approve you due to high deductions

✅ Solution: P&L loans look at net business income, not just tax filings.



❌ You're a business owner with fluctuating income

✅ Solution: Qualify based on your Profit & Loss statement — no W2s needed.


❌ Tax returns make your income look too low

✅ Solution: Use CPA/Tax Preparer-Prepared P&L statements instead.


❌ The loan process takes too long and is too invasive

✅ Solution: Faster approvals with fewer income documents required.


❌ You’re frustrated that your real income isn’t reflected in your tax returns

✅ Solution: Profit & Loss loans let you qualify using true business cash flow — not what’s minimized for taxes.

Talk with a mortgage expert who specializes in real estate investors and self-employed borrowers. Learn your best-fit loan options in just 15 minutes.

Frequently Asked Questions:

What is a P&L loan?

A P&L loan is a type of Non-QM mortgage designed for self-employed borrowers whose income is calculated using a Profit & Loss (P&L) statement instead of traditional tax returns. This approach allows borrowers to qualify based on actual business performance rather than taxable income, which may be reduced due to write-offs. The P&L must cover either: The most recent 12 months, or the most recent 24 months, and must extend through the most recent full month.

What types of borrowers are P&L loans best for?

P&L loans are ideal for self-employed borrowers, business owners, freelancers, and 1099 earners whose tax returns may not fully reflect their actual business income due to deductions or write-offs. These loans allow them to qualify based on real cash flow shown in their profit and loss statements.

How many months of P&L statements do I need?

Most lenders require a year-to-date P&L for the current year and sometimes a full year from the prior tax year.

Who can prepare the P&L?

The P&L can be prepared by a CPA or a tax preparer with a valid PTIN (Paid Preparer Tax Identification Number).

Do I need to show bank statements too?

Yes. Most lenders require 2–3 months of recent business bank statements to validate the income shown on the P&L and confirm consistent cash flow.

What credit score do I need for a P&L loan?

Most lenders look for a credit score of 640+, but those with lower scores may qualify with a larger down payment.

Begin your secure loan application now—ideal if you’re under contract, refinancing, or ready to move forward.
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This website is owned and maintained by Orlando Concepcion, a licensed Mortgage Loan Originator NMLS ID: 2303331 affiliated with Jet Direct Mortgage. The information provided is for educational and informational purposes only and does not constitute a mortgage application, loan offer, or official advice. This site is not affiliated with Jet Direct Mortgage and is intended solely as a personal platform to help consumers better understand real estate investing and Non-QM mortgage solutions such as DSCR, bank statement, and profit & loss loans. If you would like to apply for a mortgage or speak with Orlando in his official capacity as a licensed loan originator, please visit: https://jetdirectmortgage.com/orlando/