P&L loans let Texas business owners qualify using CPA-prepared profit and loss statements—no tax returns, no W-2s. Your business income gets you home.
Built for self-employed professionals whose tax returns don't reflect their true earning power.
Entrepreneurs and small business owners who take significant tax deductions that reduce their taxable income on returns.
Independent contractors, consultants, and 1099 workers with variable income that doesn't fit traditional lending boxes.
Business owners whose revenue is growing rapidly but whose tax returns don't yet reflect their current earning power.
Rideshare drivers, delivery professionals, and platform workers who earn across multiple 1099 income streams.
Realtors, property managers, and brokers whose commission income is best documented through P&L statements — many also use rental income guidelines when they own doors of their own.
Partners and LLC members whose K-1 income doesn't align with their actual cash distributions from the business. If you're refinancing instead of buying, see our no-tax-return refinance guide.
Your tax returns don't tell the full story. Our P&L loan programs use your accountant-prepared financial statements to qualify you based on what your business actually earns—not what the IRS sees after deductions.
Your accountant's profit and loss statement replaces tax returns. If your P&L shows sufficient income to support the mortgage, you can qualify—even if your tax returns show aggressive deductions. Use our mortgage calculator to estimate the payment first.
Self-employed borrowers routinely write off expenses that reduce taxable income. P&L loans look at your true gross business revenue, giving you credit for what you actually earn. High-net-worth owners with substantial savings may also explore an asset-depletion loan.
Lenders can use 12 or 24 months of P&L statements. If your business had a strong recent year, shorter documentation windows can work in your favor. Run scenarios with our DTI calculator before you apply.
P&L loans aren't limited to one property type. Use them for your primary residence, a vacation home, or a rental investment property in any Texas market — landlords often pair this with a DSCR loan on additional rentals.
Skip the complex tax return analysis. Your CPA-prepared P&L statement is the primary income document—showing your true business earnings.
Business write-offs reduce your tax liability, not your qualifying income. P&L loans evaluate gross revenue and true profit before aggressive deductions.
Fewer documents means faster underwriting. Most P&L loans close in 21–30 days, comparable to conventional mortgages.
From P&L submission to closing day—streamlined for the self-employed.
Have your CPA or enrolled agent prepare a current profit and loss statement covering the most recent 12–24 months. This is your primary qualifying document.
Submit your P&L, 2–3 months of bank statements, and credit authorization. We'll calculate your qualifying income and issue a pre-approval letter within 48 hours.
Our underwriters verify the P&L with a CPA verification call, review bank statements for income consistency, and clear any conditions. Timeline: 2–3 weeks.
Sign at a Texas title company and get the keys. Your business income got you home—no tax return headaches required.
Side-by-side comparison for self-employed Texas borrowers.
12–24 months of CPA-prepared or CPA-reviewed profit and loss statements. The preparer must be a licensed CPA, Enrolled Agent, or CTEC-registered tax professional.
Minimum 620 credit score. Scores of 700+ receive preferred pricing and higher leverage options. Recent late payments may require explanation letters.
10–20% down for primary residences (credit-dependent). 15–25% for investment properties. Gift funds accepted for primary residence purchases.
Minimum 2 years of self-employment or business ownership. Business must be active and verifiable through state registration, business license, or CPA letter.
Run the numbers before you apply.
Answers to the most common questions Texas self-employed borrowers ask about P&L mortgage qualification.
No tax returns. No W-2s. Just your CPA's P&L statement.
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