Educational guide · Non-QM Program
What are P&L Only loans?
The P&L Only program qualifies a borrower using a Profit & Loss statement prepared by a CPA or licensed tax preparer — no bank statements, no tax returns required.
Educational information only. Icon Mortgage is not yet licensed in California. No loan products are being offered.
Why this program?
- Fewer documents than bank statement loans
- Works if your deposits span multiple accounts
- Fits seasonal businesses
- Option for cash-heavy businesses
Typical requirements
- 2+ years in business
- P&L prepared by a CPA or licensed preparer
- Business license
- CPA letter
Specific characteristics vary by lender. Informational only; not an offer.