The Amres
P&L Only
Program
Are you looking to qualify for a loan but have not yet filed your tax returns? Our P&L Only loan may be your best option.
The P&L Only program is designed for borrowers who are self-employed and would benefit from an alternative loan qualification method. 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.
The standard default factors for P&L only are 20% for a service business and 40% for a product business.
Service Business: Offer services such as Accounting, Consulting, Counseling, Financial Planning, Insurance, Therapy...etc.
Product Business: Sells goods such as Food Services, Manufacturing, Restaurant, and Retail...etc.
Product Features
Loans up to $4 Million for Primary to 70% LTV
Loans up to $3.5 Million for Secondary to 70% LTV
Loans up to $3 Million for investment to 70% LTV
Purch-R/T up to 85% LTV
Cash Out up to 80% LTV
Maximum DTI 55%
