P&L and 1099 loans: A More Simple Income Documentation Solution for Self-Employed Borrowers 

Profit & Loss Statement

• Self-employed borrowers may submit Profit and Loss (P&L) statements covering 12 or 24 months
• Must be self-employed for at least 2 years
• Multiple businesses are permitted
• Rental income is ok!

IRS 1099 Documents

• Self-employed borrowers can provide 1-2 years of IRS form 1099 
• Must be self-employed for at least two (2) years verified by two (2) years of business licenses or a CPA letter
• Perfect for independent contractors and gig workers

We make lending EASY!

• With many lending sources at our finger tips, we can shop around for more options.
• Exceptions are granted with compensating factors
• A specialized Non-QM underwriting team is assigned to these programs
• Industry-leading turn times