P&L Only HELOC Without Tax Returns
A P&L only HELOC lets self employed homeowners tap equity using a profit and loss statement instead of tax returns. I arrange these for primary and second homes in Maine and Florida. Not everyone will qualify.
Can I get a HELOC without tax returns?
Yes, some programs qualify on a CPA prepared or borrower prepared P&L, sometimes with bank statements.
Who is this for?
Business owners whose returns show write offs that do not match what they can really pay.
HELOC or closed end second?
I will show both. A HELOC is a line. A closed end second is a lump sum.
Own rentals?
For investment property use my DSCR HELOC page.
Frequently asked questions
Can I get a HELOC with only a P&L?
Yes, some programs I work with allow a P&L only path for self employed borrowers in Maine and Florida. Not everyone will qualify.
Do I still need bank statements?
Sometimes. I will tell you what the matched program wants.
Is this available nationwide?
Owner occupied HELOCs I arrange this way are Maine and Florida.
Can I use this on a rental?
Use a DSCR HELOC for investment property.