Profit & Loss Statement
Profit & Loss Statement
Best for: Self-Employed
| Best For | Self-Employed |
| Max Loan Amount | $5,000,000 |
| Min Loan Amount | $150,000 |
| Min FICO | 680 |
| Max LTV | 80% |
| Max DTI | 50% (42% FTHB) |
| Short-Term Rental | Y |
| Interest Only | Y |
| Fixed Rate | Y |
| Adjustable Rate | Y |
| Subordinate Financing | N |
| Occupancy | Primary 2nd Home Investment |
| Property Types (1 ADU permitted for SFR) | SFR / PUD 2–4 Unit Warrantable Condo Non-Warrantable Condo Condotel Co-Op Modular |
| Transaction Types | Purchase Rate-Term Refi Cash-Out Refi |
Profit & Loss Statement Program
For self-employed borrowers with well-maintained business financials, AMS's Profit & Loss program offers a streamlined path to qualification using a CPA- or accountant-prepared P&L statement — no tax returns. This is one of the most documentation-efficient Non-QM options available for business owners whose financials clearly demonstrate income.
Where bank statements require months of deposit history review, a P&L can tell the income story concisely — making this program a strong fit for borrowers whose accountants maintain organized books.
Who This Program Is For
The Profit & Loss program is ideal for:
• Self-employed borrowers with CPA-prepared business financials
• Business owners who maintain organized income and expense records
• Borrowers seeking the most documentation-light path to Non-QM qualification
• Clients purchasing primary residences, second homes, or investment properties
Key Program Highlights
No tax returns — just a P&L. Up to 80% LTV available. DTI up to 50%. All occupancy types are eligible, including short-term rentals. Both fixed- and adjustable-rate options available, including interest-only.
Additional guidelines and overlays may apply. Contact your AMS Account Executive for complete program details.