🧾 High-Income, Low Taxes? Discover the Power of a P&L-Only Mortgage 🏡

💼 P&L-Only Mortgage Loans: The Perfect Fit for Self-Employed High Earners 💰

🧾 High-Income, Low-Tax Write-Off? Try a P&L-Only Mortgage

For many self-employed professionals—especially doctors, dentists, entrepreneurs, and investors—traditional mortgage guidelines just don’t work. You might be bringing in strong revenue, but after deductions and tax strategies, your taxable income looks too low for conventional lenders.

That’s where a P&L-Only Mortgage can be a game-changer.

What Is a P&L-Only Mortgage?

A Profit & Loss Only Mortgage allows lenders to approve you based on your business’s profit and loss statements—without requiring W-2s, tax returns, or even bank statements in some cases. This approach focuses on actual business performance instead of just taxable income.

Who Benefits Most from P&L-Only Loans?

This loan type is ideal for:

·         Self-Employed Professionals – Contractors, consultants, and small business owners.

·         Medical & Dental Practice Owners – High gross revenue but big deductions for staff, equipment, and rent.

·         Real Estate Investors – Multiple properties, complex income streams.

·         High-Income Earners Using Tax Strategies – Those who legally reduce taxable income.

Key Advantages of a P&L-Only Mortgage

1.      ✅ No Tax Returns Needed – Avoid the frustration of explaining deductions to underwriters.

2.      ✅ Flexible Qualification – Approval based on business performance, not IRS-reported income.

3.      ✅ Fast Process – Fewer documentation hurdles mean quicker closings.

4.      ✅ Higher Loan Amounts – Your gross profit can support more buying power.

How the Process Works

1.      Get a CPA-Prepared P&L Statement – Usually covering 12 or 24 months.

2.      Submit Basic Business Information – Including licensing or incorporation docs.

3.      Underwriter Review – Focuses on net profit and business health.

4.      Loan Approval – You’re ready to move forward with your home purchase or refinance.

Why Work with a Mortgage Broker for P&L-Only Loans

Many banks won’t touch P&L-only programs, but a broker can connect you with specialized lenders who understand complex income. At Medallion Mortgage, we help self-employed clients get competitive rates and terms while bypassing unnecessary roadblocks.

Bottom Line:
If you’re a high-income earner with low taxable income, a P&L-Only Mortgage could be your key to buying or refinancing without the tax-return headache. Let’s see if it works for you.

📲 Contact Bill Rapp at Medallion Mortgage today to explore your options.

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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory