Profit & Loss Statement
| Feature | Profit & Loss |
|---|---|
| Best For | Self-Employed |
| Max Loan Amount | $5,000,000 |
| Min Loan Amount | $150,000 |
| Min FICO | 680 |
| Max LTV | 90% |
| Max DTI | 50% |
| Short-Term Rental | Y |
| Interest Only | Y |
| Fixed Rate | Y |
| Adjustable Rate | Y |
| Subordinate Financing | N |
| Occupancy | Primary 2nd Home Investment |
| Property Types | SFR / PUD 2–4 Unit Warrantable Condo Non-Warrantable Condo Condotel |
| Transaction Types | Purchase Rate-Term Refi Cash-Out Refi |
Profit & Loss
Best for: Self-Employed
2nd Home
Investment
2–4 Unit
Warrantable Condo
Non-Warrantable Condo
Condotel
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 90% 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.
Eligible Property Types
SFR, PUD, 2–4 unit properties, Warrantable Condos, Non-Warrantable Condos, and Condotels.
Additional guidelines and overlays may apply. Contact your AMS Account Executive for complete program details.