“Help your self-employed clients secure financing with Dominion Financial’s Prestige P&L Loans. Designed for business owners and entrepreneurs, these programs allow borrowers to qualify using Profit & Loss and bank statements—no W2s and tax returns required.
With flexible options for primary residences, second homes, and investment properties, you can offer your clients a streamlined path to homeownership or real estate investment.”
Prestige is a unique loan product that allows for income-based qualifying for borrowers with alternative income sources. Borrower income can be verified using 12- or 24-month CPA/EA prepared Profit & Loss Statement only and must attest they prepared the most recent tax returns.
Prestige Plus is a unique loan product that allows for income-based qualifying for borrowers who are self-employed or have alternative income sources. Borrower income can be verified using a 12-month CPA/EA prepared Profit & Loss Statement only and must attest they prepared the most recent tax returns.
Looking for white-label materials or detailed guidelines? Access everything you need on our Broker Resources page.
A profit and loss (P&L) Loan is a type of mortgage that allows self-employed borrowers to qualify for financing based on their business’s profit and loss statements rather than traditional income verification methods. This is particularly useful for those who may not have conventional income documentation, such as W-2s or pay stubs.
A profit and loss (P&L) Loan is ideal for self-employed individuals, freelancers, or business owners who may not have traditional income documentation like W-2s or consistent pay stubs but can demonstrate income through a verified profit and loss statement. It’s especially useful for those with fluctuating earnings, recent business growth, or tax write-offs that understate actual income on returns.
The benefits of a profit and loss (P&L) Loan includes the ability to qualify using a profit and loss statement rather than tax returns, offering more flexibility for self-employed borrowers whose deductions may lower their reported income. It allows clients to showcase their business’s true earning power, making it easier to access financing even with fluctuating or non-traditional income.
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