Profit and Loss Home Mortgages
Welcome to Capital Home Mortgage, where we strive to provide P&L Self Employed homebuyers and homeowners alternative options to purchase, refinance, or cash out home loans using a Profit and Loss Home Loans. California Profit and Loss Home Mortgages are a type of Non-QM (Non-Qualified Mortgage) loan program tailored for self-employed individuals or business owners who lack traditional income documentation but can provide a profit and loss statement as proof of income. These loans are designed to accommodate borrowers with complex or fluctuating income profiles, particularly in states with a high number of self-employed professionals.
Capital Home Mortgage can guide purchasers through this non-traditional mortgage path, offering individualized solutions. Our extensive experience and dedication to customer service make us a dependable option for Non-QM loans.
Call today (888) 620-7744 to speak to a P&L Mortgage Specialist.
Profit and Loss Mortgage Loans
1-year and 2-year Profit & Loss Statement Home Loans tailored for self-employed individuals. These loans allow borrowers to use their business’s Profit & Loss (P&L) statement to qualify, bypassing traditional income verification.
Profit & Loss Key Points
- Purchase, Rate & Term, Cash-Out
- Primary Residence Only
- No Employment, No Income, No DTI
- Minimum Credit 700
- Maximum LTV 75%
- 12 or 24 Months Business or Personal Bank Statements
- 2 Months Business Statements Supporting income
- Single Business Only
- Two Year Seasoning Foreclosures / Bankruptcy
- Minimum Loan 150K
- Maximum Loan 3M
Overview of Profit & Loss Home Mortgages
Benefits of Profit & Loss Home Loans
- No Tax Return Requirements: Ideal for borrowers with significant tax write-offs that reduce reported taxable income.
- Customizable for Self-Employed Borrowers: Fits borrowers with variable or seasonal income streams.
- Flexible Documentation: Provides a simplified qualification process for those with non-traditional income.
- High Loan Limits: Suitable for California’s luxury real estate market, including properties in high-cost areas.
Eligibility Requirements for Profit & Loss Home
- Income Verification: Borrowers submit a year-to-date profit and loss statement, often prepared by a licensed accountant or CPA.
- No tax returns, W-2s, or pay stubs are required. Bank statements may also be required to validate the P&L statement.
- Flexible Loan Terms: Available for purchase, refinance, or cash-out. Supports primary residences, second homes, and investment properties.
- Credit Scores: Minimum credit scores often start at 620, but higher scores improve loan terms.
- Interest Rates: Slightly higher than conventional loans due to the increased risk and non-traditional documentation.
Guidelines for Profit & Loss Home Mortgages
- Profit and Loss Statement: Must cover at least 12-24 months and be CPA-verified or self-prepared (depending on lender requirements).
- Reserves: Typically, 6-12 months of reserves may be required to demonstrate financial stability.
- Credit Profile: A good credit score enhances eligibility and terms.Property Type: Acceptable for single-family homes, condos, townhomes, and multi-family properties.
- Other Supporting Documents: Bank statements may be requested to verify business deposits and expenses.
Who Should Use Profit & Loss Loans
- Self-Employed Individuals: Entrepreneurs, business owners, and freelancers with robust cash flow but low reported taxable income.
- Real Estate Investors: Those with multiple properties seeking alternative income verification methods.
Profit and Loss Mortgage Rates
Interests rates are calculated using several factors. Depending on the type of mortgage you are looking at and the impact of the items below can determine the interest rates.
- Demand for Mortgage Securities
- Property Securing the Mortgage
- Occupancy of the Property
- Loan to Value of the Property
- Borrower’s Credit Worthiness
Why Homeowners Choose Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Fees
Exceptional Service
7 Day a Week Support Application to Final Payment
Capital Home Mortgage Company Reviews
Home Mortgage Programs
Home Purchase loans
Looking to Purchase a Home?
Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Renovation Home Loans
Looking to Rehab a Home?
Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
FHA Home loans
Great 1st Time Homebuyers
FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket. Call today to get started.
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
va Home Loans
100% Financing for Vets
Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
Conventional Home loans
Flexibility for Homebuyers
Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
Jumbo Home Loans
Non-Conforming Home Loans
Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
USDA Home loans
100% Rural Home Loans
USDA Loans are a great option for families wanting to live outside of the city. Call today to speak with a loan officer to discuss your personal loan options.
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
Native american Home Loans
Hud 184 Home Loans
HUD 184 Home Loans are solely for Native American and offer a variety of benefits. Call today to speak with a loan officer to find out more.
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
Manufactured Home loans
Great Alternative Housing
Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
Reverse Mortgage Loans
Your Home at Work
Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
Non QM Home loans
Making Mortgages Possible
Looking for Non Traditional Home Mortgage Loan? Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
One Time Close Home Loans
Build Your Dream Home
Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan. Call today to see how a OTC loan works.
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
Refinance Mortgage loans
Rate & Term Refinance
Refinancing can be a hard decision and the payback can sometimes be confusing. Call today and let our Loan Officers walk you through the process.
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Cashout Mortgage Loans
Equity Mortgage Loans
Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
