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Empower Your Homeownership with P&L Loan Solutions

Leverage your business income with P&L loans. Ideal for self-employed borrowers and business owners. No tax returns needed, flexible qualification.

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.

What are P&L Loans (Profit and Loss)

  • 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.

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Who Qualifies for a P&L Loan (Profit and Loss)?

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.

Benefits of P&L Loans (Profit and Loss):

Bridge loans offer several key advantages for borrowers:

Fast Approval and Funding

Fast Approval and Funding

Get access to capital quickly, often within 7-10 business days.

Flexible Terms

Flexible Terms

Loan terms typically range from 6 to 12 months, but can extend up to 24 months.

No Prepayment Penalties

No Prepayment Penalties

Pay off your bridge loan early without incurring additional fees.

Avoid Contingent Offers

Avoid Contingent Offers

Make non-contingent offers on your new home, strengthening your position in competitive markets.

Preserve Your Buying Power

Preserve Your Buying Power

Secure your new property without waiting for your current home to sell.

Interest-Only Payments

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

Eligible Property Types

  • Single Family Home

  • Condo

  • Multifamily (2-4 units)

  • Mixed Use

Loan Types

  • Purchase

  • Rate & Term Refinance

  • Cash Out Refinance

  • New Construction

  • Land

Why Choose Ameritrust Mortgage?

  • 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.

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Have Questions?

Wondering Something?

Below you can find the answers to frequently asked questions.

Anything Unclear or Need Some Help? Relax, We Are Here for You 24/7

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Contact Us

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Stay Connected

+1 ( 888 ) 499 - 9060

info@ameritrust-mortgage.com

Address: 17341 Irvine Blvd., Suite 285, Tustin, CA 92780