Exciting New P&L Loan Options | Valor Lending Group
VALOR LENDING GROUP IS NOW SERVING UP EXCITING NEW ARIZONA AND CALIFORNIA NEW P&L LOAN OPTIONS!
What is a P&L Loan?
A P&L loan is beneficial and an attractive solution for self-employed business owners. Business owners need help applying for a home loan. This is due to their low income and high DTI (debt-to-income) ratio. Business owners have a unique US tax code. This US tax code allows them to offset amounts of taxable income with deductions, thereby reducing their tax burden.
Exciting New P&L Loan Options are available at Valor Lending Group. Call Me to discuss your scenario today.
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 assess the borrower’s actual income accurately. A P&L statement is the tool that lenders will use to qualify business owners for a mortgage loan. This tool is used to evaluate profit and determine revenues and expenses.
P&L Loan Program Highlights:
- Primary Residence, 2nd Home, Rental Investment Property
- Maximum Loan Amount $12M
- 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 talk more about your qualifications and requirements, I am available to answer any questions.
CONTACT ME TODAY for immediate attention to your scenario!
We can help you with all of your P&L Loan needs!
Recap of our Loan Products
- Hard Money Loans (20% down / minimal documentation) are Typically funded in 7-10 days.
- Stated Income Loans (Great for business owners and self-employed) No tax returns!
- 100% financing is available (we can cross-collateralize other properties if there is enough equity)
- 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 up to $1.5mm
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- 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)
Other Programs we Offer:
- Conventional Conforming Loans
- High Balance Conforming
- Jumbo Loan Financing |10% down Jumbo to $1.5mm
- 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!
For the most up-to-date mortgage news visit: Mortgage News Daily
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