New P&L Loan Options | Valor Lending Group
VALOR LENDING GROUP IS NOW SERVING UP TOP NEW ARIZONA AND CALIFORNIA NEW P&L LOAN OPTIONS!
We can help you with all of your P&L Loan needs!
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 income 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 tax burden.
What is a Profit and loss statement?
A profit and loss statement is a financial document that shows how your revenue relates to your costs and expenses, which is used to often provide an accurate assessment of the borrowers true income. This tool is used to evaluate profit and determine the 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 $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 discuss more details on qualification and requirements, I am available to answer any questions you may have.
CONTACT ME TODAY for immediate attention to your scenario!
Recap of our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically Fund 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
- Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow
- 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)
- 5% down Jumbo’s with NO MI up to $2mm / 10% down up to $3mm
- 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)
We also offer:
- 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans
- High Balance Conforming aka Super Conforming
- Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
- FHA, USDA
- ARM’s
- Reverse mortgages up to $1 Million Value
- Refinance including Cash Out
We look forward to the opportunity to serve you!
CONTACT ME TODAY for immediate attention to your scenario!
**Rates and terms subject to change without notice**
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