Best New Valor P&L Loan Options
VALOR LENDING GROUP IS NOW PROVIDING NEW ARIZONA AND CALIFORNIA NEW P&L LOAN OPTIONS!
What are the Best New Valor P&L Loan Options, you ask?
What is a P&L Loan?
A P&L loan is beneficial and a beautiful solution for self-employed business owners. Often, self-employed business owners run into problems when applying for a home loan due to their lack of consistent patterns in their income stream shown on their bank statements and/or high DTI (debt-to-income) ratio. This is because business owners have a unique US tax code that allows them to offset amounts of taxable income with deductions, thereby reducing their income tax burden.
What is a Profit and loss statement?
A profit and loss statement is a financial document showing how your revenue relates to your costs and expenses, often used to accurately assess the borrower’s true income. This tool is used to evaluate profit and determine revenues and expenses. This statement is the tool that lenders will use to qualify business owners for a mortgage loan.
P&L Loan Program Highlights:
- Primary Residence, 2nd Home, Investment
- Maximum Loan Amount $7.5M
- Eligible Property Types: SFR, 2-4 Units, Condo (FNMA Warrantable), Non-Warrantable Condo, Condotel
- Ineligible Property Types: Agricultural, Mixed-use, Co-op, Rural
- FICO 660+
- Up to 80% LTV (purchase and rate and term refinance)
- Up to 80% LTV (cash-out)
- Cash out may be used for reserves
- P&L must be prepared by (CTEC, CPA, or EA)
VALOR LENDING GROUP OFFERS EVERY MORTGAGE LOAN IN THE BOOK!
If you would like to discuss more details on qualifications and requirements, I am available to answer any questions you may have.
Recap of our Loan Products:
- Hard Money Loans (35% down / minimal documentation) are Typically Funded in 7-10 days.
- Stated Income Loans (Great for business owners and self-employed) No tax returns!
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on the subject property’s cash flow – No DSCR Coverage is needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground-up Construction for spec homes, custom homes, and commercial ground-up.
- Farms, Vineyards, Ranches, and Agricultural Properties (25-30% down)
- 10% down Jumbo’s with NO MI up to 2MM / 10% down up to $3mm
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
- **Terms and conditions can change daily without notice
Other Programs We offer:
- Conventional Conforming Loans
- High Balance Conforming
- FHA, USDA
- Reverse mortgages up to $1 Million in Value
- Cash-Out Refinancing
*Terms and conditions can change daily without notice
We look forward to the opportunity to serve you!
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