Introduction:

For many self-employed borrowers, securing a mortgage can be a challenge due to the documentation requirements of traditional loans. Smart Mortgage is here to simplify the process with the P&L Only Program (Profit & Loss), designed specifically for those who can’t qualify for Full Doc loans or the standard Bank Statement Program.

What is the P&L Only Program?

The P&L Only Program from Smart Mortgage utilizes your business’s Profit & Loss statement to determine your income. This means you can skip the hassle of providing bank statements, which is perfect for entrepreneurs, freelancers, and other self-employed individuals who may not have easily verifiable income through traditional means.

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Key Benefits of the P&L Only Program:

• No Bank Statements Required: Forget the paperwork! We rely solely on your P&L statement, eliminating the need to dig through months of bank transactions.
• Tailored for Self-Employed Borrowers: If you’ve struggled to meet the documentation demands of Full Doc loans or traditional Bank Statement Programs, this option is made for you.
• Quick and Simple Approval Process: By focusing on your business’s P&L, we streamline the process, making it faster and more efficient.

The Smart Mortgage P&L Only Program is the ideal solution for self-employed borrowers who want to achieve their homeownership dreams without the traditional roadblocks. Get started today and see how easy it can be to qualify!

If you’re ready to explore your options, contact Smart Mortgage at (888)842-7272 and take the first step towards your new home!