For many brokers, qualifying self-employed clients can be one of the biggest hurdles in today’s lending landscape. Traditional full-doc loans often exclude strong, credit-worthy clients simply because their income doesn’t show up clearly on paper. That’s where our P&L Loan Program comes in, designed to help you close more deals by using only a Profit & Loss statement to qualify.
At Dominion Financial Wholesale, we’ve streamlined the process, reduced documentation requirements, and made it easier than ever to support your self-employed clients who need a flexible, common-sense solution.
Qualify with Just a P&L Statement
Our P&L program allows clients to qualify for a mortgage using only a 12- or 24-month Profit & Loss statement. There’s no need for tax returns, W-2s, or even bank statements – unless the filing CPA didn’t prepare the taxes.
This program is ideal for business owners, freelancers, gig workers, and other self-employed clients who generate consistent income but prefer not to use tax filings that may not reflect their true earning power.
Program Highlights That Put Brokers in Control
The P&L loan program was built for speed, simplicity, and flexibility, so you can move quickly and serve more clients without unnecessary paperwork.
– Financing available up to 80% LTV for purchases and rate/term refinances
– Up to 70% LTV available for cash-out transactions
– Loan amounts available up to $3,000,000
– No tax returns required when using a valid P&L statement
Documentation requirements are simple: a P&L statement prepared by a CPA, EA, registered preparer, or tax attorney, along with an attestation from the preparer. If the filing CPA did not prepare the P&L, two months of bank statement deposits may be required to verify gross revenue.
A Clear Advantage for Brokers Serving Self-Employed Clients
This program is ideal for brokers who work with entrepreneurs, small business owners, and non-traditional earners. It removes the friction and delays caused by tax return analysis and gives you a clean, efficient way to help more clients get qualified and close faster.
The P&L loan offers a clear advantage when serving a growing segment of borrowers who are financially solid but underserved by conventional guidelines.
Let’s Simplify the Process, Together
At Dominion Financial Wholesale, we know how important flexibility and responsiveness are to your success. That’s why our P&L loan program is designed to keep things simple – for you and your clients.
If you’ve been turning away clients because they can’t document income the traditional way, now you don’t have to.
Get approved with Dominion Financial Wholesale or log in to the Broker Portal to see how we can help.
