Features
- Loans up to $3 million
- Purchase or refinance1
- Owner-occupied, second homes, and investment properties
- Prepared by CPA/Tax preparer
- Requires 2 months of business bank statements with deposits supporting gross receipts within 15%
About P&L Loans
We offer 1-year and 2-year Profit & Loss Statement loans tailored for self-employed individuals. These loans allow borrowers to use their business’s Profit & Loss (P&L) statement to qualify instead of traditional income verification methods. This loan option helps those who cannot verify income based on tax returns.
Self-employed borrowers may also be interested in Bank Statement or 1099 Income Loans.
Other programs you might be interested in
Farm Bureau Mortgage specializes in helping our customers get the best home loans to fit their unique goals and needs, especially when traditional products won’t cut it. Self-employed borrowers, real-estate investors, retirees, or individuals with unique financial circumstances may also be interested in our Bank Statement loan, 1099 Income loan, Asset Qualifier, or DSCR loan.
Not all products are offered in all states, and all loans are subject to eligibility restrictions and limitations, including requirements related to loan and applicant's credit, income, property, and a minimum loan amount.
1 By refinancing the existing loan, the total finance charges may be higher over the life of the loan.