A profit and loss loan uses a CPA-prepared P&L statement in place of tax returns, while a WVOE loan verifies income through your employer in writing — two ways to qualify without a full tax-return file.
Share a few details and our team can Tell us how your income is documented — we will pick the program that presents it best.
Prefer to talk now? 954-590-8464A P&L statement loan qualifies you on the net profit shown on a profit and loss statement prepared and signed by a CPA, rather than the returns you filed. The CPA certifies the businesss performance directly to the lender.
A WVOE loan takes a different route: your employer confirms your income, position, and tenure in writing. It suits borrowers with a strong employment picture that a standard file is not reflecting.
Both programs exist to document income accurately without relying on a filed return.
A signed statement from your accountant carries the income calculation for the loan.
Employer-written verification stands in for pay stubs and W-2s.
Many programs accept a single year where two years of returns would be required.
Business deductions that lower your taxable income do not lower your qualifying income.
Primary residences, second homes, and investment properties are all eligible.
Fewer documents to assemble means a quicker path from application to closing.
These are typical P&L and WVOE guidelines. Your exact scenario is reviewed one-on-one by a specialist.
Typically 640 minimum, with 700+ for the best pricing tiers.
Usually 10-20% depending on property type, credit, and reserves.
Non-QM guidelines allow DTI above 43% when reserves and credit are strong.
A CPA or EA-prepared P&L statement, or a completed written verification of employment.
Most programs look for two years of self-employment, or a stable employment record for WVOE.
Generally three to six months of housing payments in verifiable assets.
Complete one application and tell us about your goals and timeline.
We review your file, check PL guidelines, and lock your rate.
We handle the details with your agent and title team — keys in hand.
It is a non-QM mortgage that qualifies you on the net profit from a profit and loss statement prepared and signed by a CPA or enrolled agent, instead of the tax returns you filed.
WVOE stands for Written Verification of Employment. Your employer confirms your role, income, and start date in writing, and that verification is used to qualify you without pay stubs or W-2s.
Not for qualification. The P&L or the WVOE replaces the tax-return requirement. Other documents, such as bank statements for reserves, are still collected.
Submitting the contact form does not trigger a credit inquiry. If a credit pull is needed, we explain the process and get your permission first.
Talk to an Eagles Funding Group specialist about your PL options — we'll guide you from application to keys.
