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P&L-Only Loan Program in Maryland
Qualify Using Just a Profit & Loss Statement — No Bank Statements or Tax Returns Required
If you’re self-employed and don’t want to provide tax returns or sift through 24 months of bank statements, the P&L-Only Loan Program could be your solution.
With this program, you can qualify for a mortgage using just a CPA-prepared profit and loss statement — with no tax returns and no bank statement averaging required.
It’s a fast, simplified way to prove your income and secure financing in Maryland.
Who Is This Program For?
Business owners with a CPA or licensed tax preparer
Self-employed borrowers with clean, consistent P&L records
Those who want a more private, simplified documentation process
Borrowers who don’t want to submit full tax or deposit history
Program Highlights
Use a CPA- or EA-prepared year-to-date P&L for income verification
No tax returns or bank statements required
Ideal for sole proprietors, LLCs, and incorporated businesses
Can be used for purchase, refinance, or cash-out
Available for primary, second homes, and investment properties
Loan amounts up to $3 million
Down payments typically range from 10% to 20% based on credit
It might be easier to get pre-approved for a mortgage than you ever imagined. We believe in making it as easy as possible for everyone to purchase their own home. Click here now to get started, it only takes a few minutes online.
Documentation Needed
Year-to-date P&L statement prepared by a CPA, enrolled agent, or licensed tax preparer
Business license or proof of self-employment
Valid ID, credit report, and standard mortgage disclosures
Strong credit and reserves may improve pricing
We’ll guide your CPA on what format is acceptable and help you structure your P&L for underwriting.
Compare to Other Self-Employed Loan Options
[Bank Statement Loan] – Use 12 or 24 months of business or personal deposits to qualify
[1099 Income Loan] – Qualify using your 1099s instead of tax returns
[Profit & Loss (P&L) Only Loan] – Verify income with a CPA-prepared P&L statement
[Asset Qualifier Loan] – Use retirement, investment, or savings assets to qualify
[Main Loan Program Page] – Compare FHA, Conventional, VA, and USDA options
Want to Qualify Without Traditional Docs?
If you’ve got a clean P&L and want a faster path to home financing, this might be your best option. We'll walk you through the steps and work directly with your CPA.
Start your application or request a free consultation below.
- NMLS#
John Thomas
Loan Officer - NMLS# 3094
Get a personalized and successful home loan approval experience
See how much you qualify for in 60 seconds or less.
PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.
