How can a Top Profit and Loss Home Loan Program benefit you or your clients?
A Top Profit and Loss Home Loan Program is a program offers several advantages when purchasing or refinancing a property. It provides flexibility for borrowers who may not have conventional income documentation, such as self-employed individuals or small business owners. By considering the applicant’s profit and loss statements instead of traditional income verification, the program opens doors to a wider range of borrowers.
Additionally, it can expedite the loan approval process, as it focuses more on the business and personal potential income-generating capabilities rather than solely on the borrower’s financial history. Moreover, for real estate investors, this program offers the opportunity to leverage the property’s potential profitability to secure financing, facilitating the acquisition or improvement of properties and ultimately enhancing their investment portfolio. Overall, a profit and loss loan program can be a valuable tool for accessing capital in the real estate market, particularly for those with non-traditional income sources or investment strategies.
Top Profit and Loss Home Loan Program with No Bank Statements Required Highlights
- P&L Must Be Prepared by a CPA, EA, or CTEC
- Borrower prepared P&L not allowed
- P&L Must Cover a 12 Month Period and be Within 3 Months at Funding
- Co-Borrower W2 Income Allowed
- Up to 75% LTV
- Min FICO 660
- Up to $3M loan amount!
- 100% Gift Funds Allowed
- FTHB Allowed
- Primary, 2nd, and Investment Properties Allowed
- 3-12 Months Reserves
- SFR, 2-4 Unit, Condos
- Interest Only Available
- Use any AMC
- Cash out can be used for reserves
- Min Expense Factor with a P&L is 20% for a service business and 40% for a product business
Other Amazing Products Adam Lawrence at Valor Lending Group Can Offer:
- Hard Money Loans (35% down / minimal documentation) Typically Fund 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 subject property cash flow – No DSCR Coverage 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)
CALL ADAM LAWRENCE TODAY FOR ALL AND EVERY LOAN SCENERIO 858-344-0323 or ALAWRENCE@VALORLENDING.COM
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