P&L Loans
Use P&L To Streamline Self-Employed Borrower Loans
Forget the tax returns and bank statements. Chart your course with Logan’s P&L loans that meet the needs of your clients. Qualify your clients with a CTEC, CPA, or EA prepared P&L. Logan’s P&L Program gives your eligible Self-Employed Borrowers the flexibility to borrow up to $2.5 million using a P&L Statement in lieu of tax returns.
Key features:
- Max Loan Amount $2.5 million
- Min 660 Credit Score
- 12 or 24 Months Business, Personal or Both Ok
- Primary, 2nd Home & Investor Properties
- No LTV Restrictions for Condos
- Non Warrantable Condos OK
- Up to 80% LTV – Exceptions possible
- Gift of Equity Ok on Primary Homes
- Interest Only Options Available
- Max 6 loans or $5M – which ever comes first
At least one Borrower must be self-employed for a minimum of two years prior to the Note date.
3 Months bank statement required.
*Requires login. Please contact your Logan AE for access.
