P&L-only loans.
A profit-and-loss statement documents self-employed income. Some programs also ask for recent bank statements; check each program’s supporting-document requirements.
- Programs
- 8
- Score from
- No score
- Redondo
- LTV up to
- 85%
- Newport Non-Conforming and Redondo
- Loans to
- $3.5M
- Zuma Silver
8 programs take it.
Each program’s best score, LTV (CLTV for a second lien) and loan amount with this documentation, at the tier shown under each. Largest loan first.
| Program | Limits |
|---|---|
| Zuma SilverNon-QM · Zuma family | 680+ score80% LTVloans to $3.5M80% at 680+ to $1.5M; $3.5M at 740+ and 65% |
| Newport Non-ConformingNon-QM · Newport family | 620+ score85% LTVloans to $3M85% at 720+ to $1M; $3M at 680+ and 75%; 620 allows 65% to $1M |
| RedondoNewNon-QM | No score score85% LTVloans to $3M85% at 700+ to $1.2M; $3M at 680+ and 70%; No score allows 80% to $1.2M |
| Limited DocsNon-QM | 660+ score80% LTVloans to $3M80% at 660+ to $1M; $3M at 700+ and 70% |
| Zuma GoldNon-QM · Zuma family | 620+ score80% LTVloans to $3M80% at 640+ to $1M; $3M at 680+ and 70%; 620 allows 70% to $1M |
| Zuma PrimeNon-QM · Zuma family | 680+ score80% LTVloans to $3M80% at 680+ to $1.5M; $3M at 700+ and 70% |
| BalboaNon-QM | 660+ score80% LTVloans to $2M80% at 680+; 660 allows 70% |
| Closed-End SecondSeconds | 680+ score80% CLTVloans to $750K80% at 740+ to $350K; $750K at 740+ and 70%; 680 allows 70% to $350K |
Figures for this documentation only; a program’s card elsewhere shows its best across every path. One loan may not get all three.
Other ways to qualify.
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