10/28/2026
📊 Self-employed income does not always fit a traditional mortgage checklist.
For qualified borrowers, a P&L Only mortgage may use an eligible 12- or 24-month Profit & Loss statement for income qualification, rather than tax returns or bank statements.
It is important to know that P&L Only does not mean no underwriting. Credit, assets, business verification, property details, and other lender requirements still apply.
Depending on how you earn income, other options may be worth comparing too:
• P&L Only mortgage options
• Bank statement mortgage loans
• 1099 mortgage loans
• Traditional financing
The right option depends on your complete financial picture, not just one document.
📖 Read our latest blog:
https://mypcf.com/blog/
📞 800-333-4042 | myPCF.com
Prime Choice Funding | NMLS #117375 | Equal Housing Opportunity
Subject to credit approval. Not all applicants will qualify.
