Home Financing for Business Owners & Self-Employed
Are you a business owner, freelancer, or self-employed professional seeking a mortgage solution that truly understands your unique financial landscape? P&L (Profit & Loss) Loans are designed to empower entrepreneurs and small businesses by offering a flexible alternative to traditional mortgage qualification. At Ameritrust Mortgage, we recognize the value of your business's profitability and provide tailored loan programs that leverage your P&L statements to secure your dream home.
P&L Loans, also known as Profit and Loss Statement Mortgages, are a type of non-QM (Non-Qualified Mortgage) loan designed specifically for self-employed borrowers and small business owners. Unlike traditional mortgages that heavily rely on tax returns and W-2 income, P&L Loans use your business's financial statements, including profit and loss (P&L) statements, to assess your income and determine your borrowing capacity.
This innovative approach acknowledges the fact that business owners often have complex financial situations, with fluctuating income and legitimate tax deductions that may not reflect their true earning potential. P&L Loans provide a more accurate and holistic view of your financial health, making it easier to qualify for a mortgage.
P&L Loans are ideal for:
Self-Employed Individuals: Freelancers, consultants, sole proprietors, and partners in a partnership.
Small Business Owners: Owners of corporations, S corporations, or limited liability companies (LLCs).
New Businesses: Entrepreneurs with less than two years of tax history.
Businesses with Write-Offs: Owners who take advantage of legitimate tax deductions that may lower their taxable income.
Bridge loans offer several key advantages for borrowers:
Fast Approval and Funding
Get access to capital quickly, often within 7-10 business days.
Flexible Terms
Loan terms typically range from 6 to 12 months, but can extend up to 24 months.
No Prepayment Penalties
Pay off your bridge loan early without incurring additional fees.
Avoid Contingent Offers
Make non-contingent offers on your new home, strengthening your position in competitive markets.
Preserve Your Buying Power
Secure your new property without waiting for your current home to sell.
Interest-Only Payments
Some bridge loans offer interest-only payments during the loan term, reducing your initial monthly costs.
Key Features of Bridge Loans
Loan Term: 6 Months - 60 Months
No Tax Return Needed
We Lend to Foreign Nationals
Closing Time: 7 - 10 Business Days
Loan Amount: $75,000 to $9,000,000+
Interest Rate: 9.50% to 12.99% (subject to change)
Up to 100% Rehab Financing
LTC (Loan to Cost): Up to 90%
LTV (Loan to Value): Up to 90%
No Pre-Payment Penalty
Min FICO: 660
At Ameritrust Mortgage, we're committed to helping you achieve your real estate goals through flexible financing solutions.
Expertise:
Our team has extensive experience in bridge lending and understands the unique needs of borrowers in transition.
Speed:
We prioritize fast approvals and funding to help you secure your next property quickly.
Flexibility:
We offer customizable loan terms to fit your specific situation.
Transparency:
We provide clear and upfront communication throughout the loan process.
Customer-Focused Approach:
We're here to support you every step of the way.
Have Questions?
Below you can find the answers to frequently asked questions.
Anything Unclear or Need Some Help? Relax, We Are Here for You 24/7
Relax and take comfort in knowing that our 24/7 support ensures you're never alone on your financial journey.
Customer Service
Please provide your query, and we will assist you as quickly as we can.
+1 ( 888 ) 499 - 9060
info@ameritrust-mortgage.com
Address: 17341 Irvine Blvd., Suite 285, Tustin, CA 92780
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