Your profit and loss statement, reviewed as qualifying documentation.
Explore programs where a prepared profit and loss statement may support qualifying income for eligible self-employed borrowers. Available options are subject to application review, verification, lender guidelines and underwriting approval.
(938) 201-5656Program availability and eligibility depend on borrower profile, property, credit, income, equity, documentation, lender guidelines, and underwriting approval. This is not a commitment to lend or extend credit. Uptiq Premier Mortgage, LLC | NMLS 2362651. Equal Housing Opportunity.
Quick program summary
A P&L program is a non-QM path where a profit and loss statement, often prepared by a CPA or licensed tax preparer, may be used to support qualifying income for a self-employed borrower.
- Qualifying income may be supported by a prepared profit and loss statement
- Often prepared or attested by a CPA, EA or licensed tax preparer
- Alternative to full tax return documentation for eligible borrowers
- Purchase, rate-and-term refinance and cash-out scenarios may be considered
- Some lenders pair the P&L with supporting bank statements
What is self-employed p&l loans?
A P&L program looks at your business's current operating picture rather than the net figure that survives a full year of deductions on a tax return.
The distinguishing feature is the preparer. Most lenders want the statement prepared or attested by a CPA, enrolled agent or licensed tax preparer, and many cross-check it against business bank activity.
Transactions commonly considered include primary residence purchases and refinances, second home purchases, and investment property scenarios for eligible self-employed borrowers.
Before requesting a review, it helps to know your business structure, who prepares your financials, and whether business bank statements are available to support the statement.
Who may want to explore it?
May be worth exploring if your business income has grown since your last tax filing
Could be considered when deductions significantly reduce reported net income
Options may be available for borrowers with a CPA-prepared year-to-date statement
May fit practice owners, agency owners and established contractors
Could be considered when bank statement calculations do not reflect the business accurately
What this program may offer.
A year-to-date or trailing-period statement may reflect the business more accurately than an older tax return.
Statements prepared or attested by a CPA, EA or licensed tax preparer carry weight with most lenders.
Some programs pair the P&L with a limited number of business bank statements for support.
Primary residence, second home and investment property scenarios may each be reviewed.
P&L documentation may be applied to purchases, rate-and-term refinances and cash-out requests.
UPM compares P&L, bank statement and full-documentation paths to see which presents your income best.
Important considerations
- Most lenders require the statement to be prepared or attested by a qualified third party.
- Business bank activity is often reviewed alongside the statement for consistency.
- Length of self-employment and business licensing documentation are typically required.
- Non-QM pricing and terms differ from agency financing.
- Inconsistencies between the P&L and deposits can affect the review.
Options we can review
- CPA-prepared P&L review
- P&L paired with supporting business bank statements
- Comparison against 12 or 24 month bank statement programs
- Purchase, rate-and-term refinance and cash-out refinance
- Primary, second home and investment property scenarios
Three steps, no guesswork.
Confirm who prepares your financial statements and what period would best represent your business.
Share your business type and property goal through the Guide to open a self-employed review.
A licensed mortgage professional compares the P&L path against other documentation methods and outlines available options.
Frequently asked questions.
Most lenders look for a statement prepared or attested by a CPA, enrolled agent or licensed tax preparer. Requirements vary by program.
Some programs accept a borrower-prepared statement with third-party support, but many require a qualified preparer. This is confirmed during review.
Many lenders review a limited set of business bank statements alongside the P&L to check consistency.
A bank statement program derives income from deposits. A P&L program starts with a prepared statement of business income and expenses.
Year-to-date or a trailing period is common. The required period depends on the lender and the structure of the business.
Investment property scenarios may be considered, though a DSCR review may also be worth comparing for rentals.
Lenders generally look for a documented self-employment history. The required length varies by program.
Other paths worth comparing.
Ready to see what self-employed p&l loans could look like for you?
Start with the UPM Mortgage Guide, then review possible options with a licensed mortgage professional.
(938) 201-5656Program availability and eligibility depend on borrower profile, property, credit, income, equity, documentation, lender guidelines, and underwriting approval. This is not a commitment to lend or extend credit. Uptiq Premier Mortgage, LLC | NMLS 2362651. Equal Housing Opportunity.