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P&L Only Loan · No tax returns, no bank statements

P&L Only Loan: No tax returns, no bank statements. Your P&L is enough.

P&L Only loans — the no-ratio / no-income-verification non-QM program — qualify you on one document: a profit & loss statement prepared by your CPA or licensed tax preparer, with self-prepared P&L and future-income projection options available. Perfect if your tax returns don’t show your real income — and you don’t have to be self-employed to use it.

  • No Tax Returns or Bank Statements — One P&L replaces the entire income file — no 12–24 months of statements, no deposit-by-deposit interrogation. see how it works →
  • You Don’t Have to Be Self-Employed — W-2 and self-employed borrowers are both welcome when traditional income math doesn’t tell the real story. see how it works →
  • Qualify on Stated Profit — Write-offs don’t count against you. Turned down elsewhere for income? With real income and solid credit, we may be able to help.
  • Purchase or Refinance — Up to 80% LTV on purchases and 75% on cash-out, on primary or investment properties.

Or skip the form — call or text 949-868-2422

Find My LoanAbout 55 seconds left

60 seconds · no hard credit pull · never sold

What type of property is this?

You’ll work directly with Anthony HuynhVice President · NMLS #1996696

Your whole income file
1 P&L
Or bank statements
No tax returns
Minimum credit
640
Minimum loan amount
$150K

Program terms depend on credit profile, LTV, property type, occupancy, and loan specifics, and are subject to change. All loans subject to credit approval.

Fastest answer: call or text us — 949-868-2422 · no call center, no waiting

Know Before You Apply

Can we fund your deal? Check before you apply.

The P&L Only Loan guidelines, plainly stated. Requirements vary by lender and scenario — a quick call confirms yours.

P&L Only Loan requirements

What you need

  • Income Documentation: One P&L (CPA or licensed preparer; self-prepared options)
  • Minimum Credit Score: 640 (680 for a second-position HELOC)
  • Minimum Loan Amount: $150,000
  • Purchase Down Payment: 20% at 680+ · 25% at 660–679 · 30% at 640–659 (investment: 20% minimum)
  • Refinance Max LTV: 75% at 660+ · 70% at 640–659
  • Tax Returns / Bank Statements: Not required
  • Where we lend: State availability for P&L Only is confirmed on your call — see every state

General guidelines only, not a commitment to lend. Gray-area scenario? Call or text 949-868-2422.

Reviews

5.0 from clients who closed with Anthony.

Read all 25 verified reviews →

  • 5 out of 5 stars

    “Immediate assist with loan process, willing to help to close out the deal ASAP”
    Cuong L · Philadelphia, PA · May 2026Verified client review

  • 5 out of 5 stars

    “Anthony made all the difference. I say this because I originally spoke to someone else at West Capital who unfortunately didn't quite have the experience to get this deal done. Best HELOC options in the business.”
    Damian F · Hollywood, FL · Apr 2026Verified client review

  • 5 out of 5 stars

    “Start to finish in just 4 business days — honestly unreal. The entire process was smooth, fast, and stress-free. Anthony Huynh went above and beyond every step of the way and made everything feel easy. Couldn't have asked for better service. Highly recommend!”
    Kevin R · Paradise Valley, AZ · Apr 2026Verified client review

FAQ

Frequently Asked Questions

Common questions about the P&L Only Loan.

What is a P&L Only loan?

A P&L Only loan (also called a no-ratio or no-income-verification non-QM loan) qualifies you on a single profit & loss statement instead of tax returns, W-2s, pay stubs, or bank statements. The P&L states your income; your credit and equity position do the rest.

Who can prepare the P&L statement?

Programs typically require the P&L to be prepared by a CPA or licensed tax preparer. Some programs also allow self-prepared P&Ls or future income projections — ask us which options fit your scenario.

Do you need my tax returns or bank statements at all?

No. That’s the whole point of the program — no tax returns, no bank statements, and no deposit-by-deposit reviews of your accounts. Your write-offs stay your business.

Who are P&L Only loans best for?

Business owners, 1099 earners, and self-employed borrowers whose tax returns don’t show their real income — and even W-2 borrowers in the right scenario. If real income and solid credit are there but the paperwork math isn’t, this program is built for you.

What credit and down payment does P&L Only need?

The program starts at 640 credit with a $150,000 minimum loan. Purchases need 20% down at 680+, 25% at 660–679, and 30% at 640–659 (investment purchases always need at least 20%). Refinances go to 75% LTV at 660+ and 70% at 640–659. A second-position HELOC on a P&L needs 680+.

Related Programs

Other programs worth a look.

Not quite the right fit? These programs solve neighboring scenarios — or let the funnel route you.

Ready to explore P&L Only Loan?

Answer a few quick questions and get a personalized strategy recommendation — including whether P&L Only is right for your situation. No hard credit pull.

Check My Options →Call / Text Us: 949-868-2422

Prefer a set time? Book a call · Ready to apply? Start your full application

West Capital Lending, Inc. is an Equal Housing Lender. We do not discriminate on the basis of race, color, religion, national origin, sex, handicap, or familial status.