P&L Home Loans for Self-Employed | Barrett Financial Group
Self-Employed Mortgage Solutions

Self-Employed?
Qualify Using CPA Prepared P&Ls.

Traditional tax returns don't tell the full story of your income. If you're self-employed, our P&L loan program may allow you to qualify using CPA-prepared profit and loss statements — personal tax returns may not be required for certain programs.

  • Qualify with 12 or 24 months of CPA-prepared P&L statements
  • Personal tax returns may not be required for certain programs
  • Available for purchase and refinance transactions
  • Speak with a licensed loan advisor — no obligation

Program availability and qualification requirements vary by lender, occupancy, credit profile, property type, and supporting documentation.

You're a Strong Candidate If...

  • You've been self-employed for 2+ years
  • Your CPA can prepare 12 or 24 months of P&Ls
  • You have strong revenue but heavy write-offs or lower taxable income
  • You're buying or refinancing an owner-occupied home
  • A traditional lender has already told you no
Real-World Example

A business owner whose tax returns showed lower net income due to deductions may still qualify using CPA-prepared P&Ls and supporting bank statements, depending on lender guidelines. The loan is based on what the business actually earns — not what's left after tax strategy.

20+
Years of lending experience
CPA
prepared P&Ls accepted
No
Credit pull to get started
★ 4.9
Average client rating

Built for Business Owners
Just Like You

If your tax returns show less income than your business actually generates, a P&L loan may be the solution you've been looking for.

Business Owners & LLCs

Whether you're a sole proprietor, LLC, S-Corp, or partnership, your CPA-prepared P&L can paint a more accurate picture of your income.

Freelancers & Consultants

Variable income from project-based work doesn't have to hold you back. Your P&L documents consistent business revenue.

Contractors & Tradespeople

If you run your own operation and receive 1099 income, a P&L loan is designed to reflect how your business actually performs.

Entrepreneurs

Growing a business means reinvesting profits. A P&L loan looks at what your business earns — not just what's left after deductions.

Refinance Candidates

Already own a home but couldn't qualify to refinance with traditional docs? P&L documentation may open that door.

Heavy Write-Offs

Your CPA maximizes deductions — which is smart tax strategy, but can make your taxable income look lower than your actual cash flow.

How the P&L Loan Process Works

We've helped hundreds of self-employed borrowers navigate this process. Here's what to expect.

1

Free Consultation

Tell us about your situation. We'll review your goals, discuss the P&L program requirements, and let you know if you're a strong candidate — no credit pull required to start.

2

Submit Your P&L Docs

Work with your CPA to prepare 12 or 24 months of profit and loss statements. We'll guide you on exactly what the lender needs and help you gather supporting documents.

3

Get Your Options

Once submitted, we work to get you a clear approval decision quickly. We'll explain every step, answer every question, and keep you informed from application to closing.

Mortgage Expertise Built
for the Self-Employed

We specialize in alternative documentation programs. We understand the challenge — and we have solutions.

No Personal Tax Returns

Income may be evaluated using your CPA-prepared P&L statements and supporting documentation. Each situation is unique and might be different for you.

Purchase & Refinance

Whether you're buying your first home, upgrading, or refinancing, P&L documentation works for both scenarios.

Fast, Clear Communication

You'll always know where you stand. We respond quickly, explain clearly, and never leave you guessing.

Licensed in 49 States

Barrett Financial Group is licensed across the country. Wherever your business takes you, we can help.

Dedicated Loan Advisor

You'll work with one point of contact who understands self-employed lending inside and out.

P&L Loan FAQs

Answers to what self-employed borrowers ask most.

A P&L loan (Profit & Loss loan) is an alternative-documentation mortgage that allows self-employed borrowers to qualify using CPA-prepared profit and loss statements rather than personal tax returns. Traditional mortgages typically require two years of tax returns to verify income. Because self-employed borrowers often reduce their taxable income through legitimate deductions, their tax returns may not reflect actual cash flow — making the P&L program a better fit.
Generally, you'll need 12 or 24 months of CPA-prepared profit and loss statements, bank statements to support the P&L figures, proof of self-employment (such as a business license), and standard mortgage documents like ID and asset statements. Your loan advisor will walk you through the complete list during your consultation.
Yes. Most P&L loan programs require that the profit and loss statements be prepared and signed by a licensed CPA or tax professional. Self-prepared statements are typically not accepted. If you don't already work with a CPA, now is a great time to establish that relationship.
Yes. The P&L program is available for both purchase and refinance transactions on owner-occupied properties. If you've been unable to refinance using traditional income documentation, a P&L loan may provide an alternative path. Contact us to discuss your specific situation.
Minimum credit score requirements vary by program and lender guidelines, which are subject to change. Generally, higher credit scores result in better eligibility. The best way to find out where you stand is to speak with one of our licensed advisors during your free consultation — no credit pull is required to get started.
Timelines vary based on the complexity of your file and how quickly documentation is gathered. Once your CPA-prepared P&L and supporting documents are in order, we work to move efficiently through underwriting. Your loan advisor can provide a realistic timeline estimate once your file is reviewed.
No. The P&L loan is a non-QM (non-qualified mortgage) product offered through private lenders. It is not affiliated with, endorsed by, or insured by any government entity or agency. All loans are subject to credit approval and lender guidelines.

A Lender Who
Gets It

Barrett Financial Group has helped thousands of self-employed borrowers secure home loans when traditional lenders turned them away. We specialize in alternative documentation programs and understand that your tax return is a financial strategy — not an income statement.

Our licensed advisors will review your P&L documentation, walk you through your options, and give you a clear picture of what's possible — with no pressure and no obligation.

Equal Housing Lender
NMLS #181106
Licensed in 49 States
Secure & Compliant
★★★★★

"It was a tough journey in getting funding but they pulled it off and helped make our dream of owning the home of our dreams, a reality. If you have special circumstances, self employed, and need someone to stand side by side with you, this is your team! They get it done!"

Reymundo
★★★★★

"As a self-employed borrower, I was worried about navigating the complexities of mortgage approval. John anticipated potential hurdles and proactively addressed them, ensuring a smooth and stress-free experience. He not only explained everything clearly but also offered a wealth of knowledge that put us at ease."

Alyssa
★★★★★

"Highly recommend Team Barrett. Scott was amazing as well as all of his team. They were very understanding and knowledgeable of self employment income. If I could give 10 stars, I would. You won't be disappointed!"

Amanda

Don't Let Tax Strategy
Cost You a Home Loan

Talk to a licensed advisor who specializes in self-employed lending. Free consultation, no pressure, no obligation.

Request My Free Consultation →

No credit pull to get started. Licensed advisors only.