P&L Only Loan

Secure Your Dream Home with a P&L Only Loan

Empowering Self-Employed Professionals with Streamlined Mortgage Solutions

640

Minimum Credit Score

50%

Maximum Debt To Income

90%

Maximum Loan To Value

$15M

Maximum Loan Amount

With 1 Application,130 Mortgage Lenders Will Compete For Your Business

Unlock unparalleled opportunities with a single application. Dive into a competitive marketplace where 130 top-tier mortgage lenders vie to offer you the best terms, ensuring you get the deal you deserve. It’s not just about choice; it’s about empowering you with the best options available.

🔒Does not Affect Credit. No SSN until you’re ready.

In addition to the 1099 Mortgage program, Innovative Mortgage also offers P&L (Profit and Loss) Only Loans for business owners and self-employed individuals. This specialized loan program caters to those who may not have a complete set of income documentation traditionally required by lenders.

Features of the P&L Only Loan Program:

Tailored Income Verification:

To qualify for a P&L Only Loan, borrowers can provide a Profit and Loss statement, which must be prepared by a certified accountant or a third-party verifier, to demonstrate their business’s financial performance.

Ideal for Entrepreneurs:

This program is designed for self-employed borrowers whose net income may not be accurately reflected on tax returns due to various business deductions and write-offs.

Flexible Credit Consideration:

Innovative Mortgage understands that credit histories may be complex for self-employed individuals. We offer loan solutions that take into account the complete financial picture, beyond just a credit score.

Program Requirements:

Borrowers are typically required to show a Profit and Loss statement for the most recent 12 months, along with business bank statements that support the P&L reported earnings.
A track record of self-employment, usually for at least two years, is necessary to establish credibility and financial stability.

Diverse Loan Types:

Whether you’re seeking a loan for a primary residence, second home, or investment property, Innovative Mortgage’s P&L Only Loans offer diverse options to meet your financing needs.

Streamlined Loan Process:

Our team is skilled at working with self-employed individuals and understands the intricacies of non-traditional income. We aim to make the loan process as quick and straightforward as possible.

Advantages of P&L Only Loans with Innovative Mortgage:

The P&L Only Loan program at Innovative Mortgage provides an alternative route to mortgage qualification for business owners and self-employed professionals, ensuring that your entrepreneurial efforts are recognized when seeking property financing.

Start Your Application Process Now:

If the P&L Only Loan program seems like the right fit for your mortgage needs, we encourage you to start the conversation with Innovative Mortgage. Our experienced loan officers are prepared to guide you through the qualification process and help secure the financing you need based on your business’s financial health.

Reach out to Innovative Mortgage today to discuss your options under the P&L Only Loan program and take a significant step forward in your journey towards homeownership or property investment.

Pros of P&L Only Loans

Simplified Documentation

No need to collect extensive financial documents. Your Profit and Loss statement is what matters.

Friendly for Business Owners

Tailored to the needs of business owners and self-employed professionals.

Quick and Efficient

Our P&L Only Loan process is quick and efficient, helping you close in record time.

Cons of P&L Only Loans

Higher Cost

Compared to conventional loans, P&L Only Loans may have slightly higher costs.

Potential Prepayment Penalty

Although fully disclosed and optional, opting out of a prepayment penalty may slightly increase the cost.

Key Issues That Will Get Early Attention

Determine Eligibility

Let's review your Profit and Loss statement to verify your eligibility for a P&L Only Loan.

Understand Income Calculation

We'll explain how we calculate your income based on your Profit and Loss statement.

Prepare Necessary Documentation

We'll guide you through gathering the necessary documentation for a smooth application process.

Explore Your Options

Let's look at all your loan options to find the one that fits best with your financial situation.

We're Simply Better and Not Just on Price...

We Have More Lenders and More Loan Programs

Diverse Choices, Tailored for You: With a vast array of lenders and loan programs, we ensure a perfect fit for your unique financial needs.

Our Loyalty is To YOU not the lender

Your Interests, Our Priority: Our commitment is to you, not the lenders, ensuring unbiased and dedicated support throughout your mortgage journey.

Non QM, Convert to Cash and Flexible Funding Options Available

Flexible, Innovative Financing: Explore Non-QM loans, easy cash conversion options, and flexible funding solutions tailored for your financial freedom.

🔒No Credit Pull, No Obligation.

Compare For Yourself

Explore the difference that sets us apart in the financial world. See how our innovative services and unmatched benefits distinguish us from the competition, ensuring you make an informed choice.

Lightning Loans

Local Bank Branch

Big Name Online Lenders

Shops Hundreds of Lenders

Scans Thousands of Programs To Find You The Best Available

Is Loyal to Borrowers and Not Lenders

Has Multiple No Tax Return Mortgage Options

Can Show You Conventional and Non QM Options

Multiple 100% Financing Options for First Time Home Buyers

Can Do Hard Money, Bridge Financing and Other Unique Funding Types

🔒No Credit Pull, No Obligation.

You need a tenacious loan officer who has obsessively over-prepared and knows every single trick in the book to secure the ideal mortgage for your unique situation

And that is exactly what you'll find when working with me…

Read What Our Happy Clients Have to Say

Don't Wait, Secure Your Perfect Mortgage Today

"Andres is dependable, reliable and productive to the highest degree. His services will be required by our company in the future, and unequivocally we will be contracting him."

"A true example of a multitasking 24/7 powerhouse with no deal is too small attitude coupled with creative thinking and always open mind!!!"

"Lightning Loans made the mortgage process so easy and stress-free. Their team is knowledgeable and dedicated to providing tailored solutions for each client. I highly recommend them." -

1. Unparalleled Access to Mortgage Options With a Single Application

With a single application, we’ll comparison shop thousands of loan programs across hundreds of lenders.

This includes conventional loans at 130 different sources, FHA loans at 130 different sources, and even bank statement or no tax return options. If a mortgage product exists, we have access to it.

No more wondering if you’re getting the best deal – we’ll make sure of it.

2. Expert Guidance and Outstanding Communication

With over two decades of experience working with clients, I’ve developed a keen sense of what my clients need and when they need it.

It’s almost like having a psychic connection!

I pride myself on putting my clients first and providing outstanding communication throughout the entire mortgage process.

3. A Faster, Easier Path to Perfect Mortgage Loans For Your Specific Situation

Say goodbye to the headaches and hassles of traditional mortgage processes.

With Lightning Loans, you’ll enjoy a streamlined, efficient journey that gets you to your goals faster and with less stress.

You’ve got enough to worry about, let us put your mind at ease with regard to your mortgage financing.

We only request the things that are absolutely necessary

4. The Peace of Mind Knowing You've Made the Right Choice Because You've Seen ALL Your Options

When you work with Lightning Loans, you’re not just getting a mortgage –

You’re getting a partner who is committed to your success.

We’ll go above and beyond to ensure that you’ve made the best possible choice for your unique situation.

These might just seem like words on a page but one conversation with us and it will be abudantly clear to we walk our talk.

Experts at your service.

Meet the experts committed to providing you with exceptional financial solutions

Andres Garcia

Loan Officer

Dedicated, high energy real estate expert that is adept at working with investors and traditional borrowers.

Your Contact

Andrew Kashella

Senior Vice President

Mortgage Industry veteran responsible for thousands of loan originations and billions in closings.

Bryan P. Ehrlich

CEO/General Counsel

Founder, Juris Doctor and Lead Counsel for Innovative Mortgage Services.