Financing for Self-Employed Borrowers Using Profit & Loss Statements

P&L Loans are specifically designed for self-employed individuals who want to qualify for a mortgage using their business’s profit and loss statements instead of traditional W-2 or tax documentation. This allows borrowers with fluctuating income or complex business finances to demonstrate their earning potential accurately. With guidance from Billy Kinberg – Senior Loan Officer, you can secure financing that reflects your business’s true cash flow and supports your homeownership goals.
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Alternative Income Verification Made Easy

These loans rely on your business’s Profit & Loss statements—often for the past 12 to 24 months—to verify income. Lenders assess revenue, expenses, and net income to determine eligibility, making it easier for entrepreneurs and small business owners to qualify. I assist you in organizing your P&L documents and presenting your financial information clearly to maximize approval chances.
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Flexible Loan Terms and Options

P&L Loans provide a variety of repayment options, including fixed-rate and adjustable-rate mortgages, to match your financial strategy. Whether you’re purchasing a new home, refinancing, or investing in real estate, these loans offer the flexibility needed to tailor your mortgage to your specific financial goals. I guide you in selecting the most advantageous loan structure
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Benefits of P&L Loans

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Income Verified Through P&L Statements: Qualify using your business’s financial performance instead of traditional pay stubs.

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Flexible Terms and Structures: Choose fixed or adjustable-rate loans to suit your financial strategy.

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Financing for Multiple Property Types: Purchase primary homes, second homes, or investment properties.

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Personalized Support From Start to Finish: Receive expert guidance throughout the entire loan process.
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Ideal for Primary, Second, and Investment Properties

P&L Loans can be used for various property types, including primary residences, second homes, and investment properties. This flexibility ensures self-employed borrowers can access the financing they need, regardless of their property goals. I help evaluate your property options and select the P&L loan program that best aligns with your needs.
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Why Choose Us

With Billy Kinberg – Senior Loan Officer, we understand that choosing the right mortgage partner is one of the most important decisions you’ll make. Our mission is to provide personalized, transparent, and reliable mortgage guidance for every client. Whether you’re a first-time homebuyer, an experienced investor, or seeking refinancing options, we take the time to understand your unique financial situation and goals. With extensive experience and licensing across DC, MD, VA, PA, OH, NC, SC, TN, GA, FL, CO, and TX, we ensure that you have access to the right loan programs and the best possible rates for your needs.

We are known for

Personalized Client Support: We take the time to understand your financial goals and provide customized guidance through every step of the mortgage process.

Competitive Rates and Flexible Terms: We help you secure the best possible rates and loan structures to fit your unique financial situation.

Transparent and Trustworthy Service: Our clients rely on us for honest advice, clear communication, and a stress-free mortgage experience.

Licensed in Multiple States: Serving DC, MD, VA, PA, OH, NC, SC, TN, GA, FL, CO, and TX, we offer local expertise with broad coverage for your convenience.

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Why Choose Rapid Closing?

Choosing the right mortgage partner can make all the difference in your homeownership journey. At Rapid Closing, we combine speed, expertise, and personalized care to deliver financing solutions that are tailored to your goals. Whether you’re a first-time home buyer, refinancing, or exploring specialized programs, our team is dedicated to making the process smooth, transparent, and stress-free. With Rapid Closing, you’re not just getting a loan—you’re gaining a trusted partner who stands by you every step of the way.

We are known for

Fast & Reliable Closings – Streamlined processes that save you time and stress.

Wide Range of Loan Programs – From FHA and VA to DSCR, Jumbo, and USDA loans.

Personalized Guidance – Clear, step-by-step support with dedicated loan specialists.

Flexible Solutions – Options designed for first-time buyers, investors, and unique situations.

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"FAQs"

We offer a wide range of mortgage solutions, including FHA, VA, Conventional, Jumbo, DSCR, Reverse Mortgage, Down Payment Assistance, First-Time Homebuyer Loans, Non-QM, Bank Statement, P&L, and 1099 Loans. Each program is tailored to meet the unique needs of our clients.

Yes! We specialize in helping self-employed borrowers qualify using alternative documentation such as bank statements, P&L statements, or 1099 forms. Our team will guide you through the process to maximize your approval chances.

We take the time to understand your financial situation, goals, and property type to recommend the best loan program. With personalized guidance, we ensure you select a mortgage that aligns with your needs and long-term plans.

Yes. Billy Kinberg – Senior Loan Officer is licensed in DC, MD, VA, PA, OH, NC, SC, TN, GA, FL, CO, and TX, allowing us to serve clients across a wide area with local expertise and support.

The timeline varies depending on the loan type, property, and documentation, but our team is dedicated to making the process as smooth and efficient as possible. We provide clear guidance at every step to ensure timely approvals and closings.

Expert Guidance Throughout the Process

Navigating a P&L Loan can seem complex due to unique income documentation requirements, but with professional support, the process becomes straightforward. I provide step-by-step assistance—from reviewing statements and preparing your application to securing approval and closing—ensuring a smooth, stress-free experience. Licensed across DC, MD, VA, PA, OH, NC, SC, TN, GA, FL, CO, and TX, I deliver reliable guidance for self-employed borrowers.