SKIP TO MAIN CONTENT
Logo
  • 1 800 830 5626
  • Our Team
  • Resources
    • AMP
      • AMPOSSIBLE
      • Bank Statement Loans
      • Profit and Loss Loans
      • Asset Loans
      • Cashflow Loans
    • Home Loans
      • Fixed Rate Loans
      • Adjustable Rate Loans
      • FHA Loans
      • VA Loans
      • Interest Only Loans
      • Jumbo Loans
      • Reverse Mortgage
      • Fix and Flip Loans
      • Bridge Loans
      • Second Mortgage Loans
    • Home Buyers Guide
    • Marketing
      • Flyers
      • Social Media
      • Video Marketing
    • Event Calendar
  • Calculators
  • Knowledge Hub
  • About Us
    • FAQ
  • Mortgage Payments
  • Sign In

Who Should Apply?

  • Business Owners

  • Freelance Employees

  • Consultants

  • Contract Workers

  • Independent Contractors

  • Sole Proprietors

  • Gig Economy Workers

  • Realtors

  • Entrepreneurs


Download One-Sheet
Download Social Promo

No Tax Return? Let's Talk About Profit & Loss

 

Second to our popular Bank Statement program, the P&L Loan Program is the next offering in our AMP Suite. Rather than using tax returns, we allow the business owner to have their accountant or licensed tax preparer provide a 12-month Profit and Loss (P&L) Statement as income, which often provides a more accurate portrait of the applicant’s true income profile. This loan program is similar to our Bank Statement Program, but the documentation requirements are much easier than providing 12 - 24 months of bank statements.

 

Advantages of Profit & Loss Statement Loans

A Profit and Loss statement is required if the borrower is self-employed. Unlike most mortgage products, with this program, income and employment documents are not used as qualifying factors. Personal or Business Bank Statements may be used to document reserves.


There are no prepayment penalties for owner-occupied and second homes.

 

Criteria for Profit & Loss Statement Loans

  • Must be a business owner or self-employed for at least two years.

  • Must have a credit score of 660 or above.

  • Loan amount between $150,000 and $3,000,000. *(1)

  • Must have 12 months of P&L Statements.

  • CPA/CTEC/EA signed / prepared P&L statement (s) required.

  • A letter from the CPA, CTEC, (CA Tax Education Council), or EA (Enrolled Agent) stating that the applicant has been self-employed for a minimum of two years.

(1) Maximum loan amount exceptions on a case-by-case basis. Additional criteria may apply.

There are typical borrowers who qualify for typical home loans, and then there are specialty borrowers with situations that are just different enough to require a little extra analysis. We are proud to offer a range of products designed for many different kinds of above-average borrowers - enter Arcstone Financial's Accessible Mortgage Program or AMP.

AMP is a Non-QM or Non-Qualified Mortgage product, to learn more about these programs, please reach out to your Arcstone Financial Mortgage specialist.


Are you Ready to Mortgage?

Call Us
Email Us
Apply Now
  • Company State Licenses
  • Legal
  • Privacy Policy
  • Online Security Policy
  • Anti Money Laundering

NMLS     |     FAIR LENDER     |     FAIR HOUSING

Equal Opportunity Housing. Arcstone Financial Inc. is a California Corporation licensed by the Department of Real Estate, License #01468445, NMLS# 344236. Information subject to change without notice. This is not an offer for extension of credit or a commitment to lend. All rates, fees, and programs are subject to change and/or withdrawal from the lending practices without notice. Eligibility can vary based on meeting minimum credit score/tradeline, documentation, Loan to Value, and occupancy. Ask to speak with a home loan consultant for a pre-qualification/pre-approval or an approval.

1917 Hillhurst Ave., Suite 203

Los Angeles, CA 90027
323-665-5000 | 800-830-5626

info@arcstoneinc.com

NMLS     |     FAIR LENDER     |     FAIR HOUSING

Equal Opportunity Housing. Arcstone Financial Inc. is a California Corporation licensed by the Department of Real Estate, License #01468445, NMLS# 344236. Information subject to change without notice. This is not an offer for extension of credit or a commitment to lend. All rates, fees, and programs are subject to change and/or withdrawal from the lending practices without notice. Eligibility can vary based on meeting minimum credit score/tradeline, documentation, Loan to Value, and occupancy. Ask to speak with a home loan consultant for a pre-qualification/pre-approval or an approval.