Get Pre-Qualified
Fill out the form below and we’ll get back to you within 24 hours.
Our 1-Year & 2-Year P&L Loan Program is built for self-employed borrowers and business owners who want competitive pricing, tailored loan solutions, seasoned guidance, and a fast, streamlined experience without fighting with tax returns or long bank statement reviews. Instead, we use your business Profit & Loss (P&L) to calculate income, giving you a simple, flexible way to buy or refinance a home or investment property using the strength of your business.
Complete this form to connect with a Barcorp Financial Group Representative
Instead of tax returns or 12–24 months of bank statements, you provide a 1-year or 2-year business P&L prepared or reviewed by a licensed CPA, CTEC tax preparer, or IRS Enrolled Agent. The lender uses that P&L to calculate your qualifying income and then applies standard Non-QM credit, asset, and property guidelines to determine your maximum loan amount. With loan sizes up to $2.5 million, CLTVs up to 80%, and DTIs up to 55%, this program gives business owners a straightforward, flexible way to qualify based on how their business really performs—supported by our team from first review through a fast closing.
Feature | Details |
Qualification Method | Income calculated from 1-year or 2-year business P&L instead of tax returns or bank statements |
Minimum FICO | Typically 660 (better terms may be available with higher scores) |
Loan Amount | Up to $2,500,000 (program and profile limits apply) |
CLTV / LTV | Up to 80% CLTV for qualifying borrowers |
DTI | Ratios up to 55% (subject to credit, reserves, and property type) |
Business History | 1-year business existence may be considered (per underwriting guidelines) |
Cash-Out Limits | Example matrix: up to $500,000 cash-in-hand for CLTV > 65%; up to $1,000,000 for CLTV ≤ 65% to ≥ 55%; no max cash-in-hand limit for CLTV < 55% (adjust to your actual program) |
Documentation | Professionally prepared/reviewed P&L, business proof, standard credit and property docs |
Property Types | 1–4 unit residential properties, condos, and townhomes (per eligibility) |
Closing Time | Typically 3–5 weeks, depending on appraisal timing and documentation |
BarCorp Financial Group, NMLS #1746897. BarCorp Financial Group is a mortgage broker and does not make commitments or fund loans. Information provided is for general informational purposes only and is not a loan approval, Loan Estimate, or commitment to lend.
All loans are subject to underwriting approval, lender guidelines, and property qualification. Not all applicants will qualify. Product availability, interest rates, and terms are subject to change without notice and may vary by lender and state. Equal Housing Lender.
Fill out the form below and we’ll get back to you within 24 hours.