Understanding Profit and Loss Loans

Profit and Loss Loans are tailored for self-employed borrowers, business owners, and entrepreneurs who want to qualify for a mortgage based on their business performance rather than traditional personal income documents. These loans use your business’s profit and loss statements to verify income, making it possible for those with fluctuating or complex earnings to secure a home loan. Mr Preapproval Team works closely with you to review your business financials, ensuring your mortgage application reflects your true earning potential and long-term stability.
Contact Us

Kris McCurry, known throughout the industry as Mr. Preapproval, is a Florida and Ohio-based mortgage Branch Manager who helps realtors, homeowners, and buyers nationwide secure fast, stress-free financing. His team offers a full range of mortgage solutions, including VA loans, FHA loans, conventional loans, and USDA loans for buyers who qualify for government-backed programs, as well as jumbo loans and non-QM loans for borrowers with unique financial profiles. Self-employed clients can explore bank statement loans or profit and loss loan programs, while investors benefit from specialized options like DSCR loans, investment property loans, and Airbnb rental loans. Homeowners looking to tap into equity can turn to HELOCs or bridge loans, and those planning a getaway property can look into vacation home loans. For business owners, commercial loans provide financing for income-producing properties. Kris also proudly supports first-time homebuyer loans, down payment assistance programs, and the Homes for Heroes program, which rewards veterans, teachers, first responders, and healthcare workers with savings on their home purchase. With this breadth of loan programs and a client-first approach, Mr. Preapproval delivers clear, honest guidance for every type of borrower and financial situation.

Financing That Reflects Your Business Reality

For self-employed borrowers, standard mortgage requirements often don’t tell the full story. Profit and Loss Loans consider your business’s monthly revenue, expenses, and net profit to determine your borrowing capacity. This provides a more accurate representation of what you can afford and how comfortably you can manage your mortgage payments. Kris helps you prepare your statements, analyze numbers, and structure your loan so the process is straightforward and stress-free.
Explore More

A Solution for Non-Traditional Income Streams

Whether your income comes from multiple revenue sources, seasonal sales, or variable contracts, Profit and Loss Loans allow lenders to see the bigger picture. Instead of relying solely on W-2s or tax returns, your business performance becomes the basis for qualification. Kris guides you through this process, ensuring your documentation is organized and presented clearly to maximize your approval potential.
Explore More

Benefits of Profit and Loss Loans

_______

Qualifies borrowers using business profit and loss statements

_______

Supports both primary residences and investment properties

_______

Flexible approach for non-traditional or fluctuating income

_______

Ideal for self-employed individuals and entrepreneurs

Supporting Growth and Long-Term Financial Goals

These loans aren’t just about qualifying — they’re about building a foundation for future success. Profit and Loss Loans can be used for purchasing a primary home, investment property, or second home, depending on your objectives. Kris helps you evaluate how the loan fits into your overall financial plan, including cash flow management, equity building, and long-term investment strategy, ensuring your mortgage supports your growth.
Explore More

Why Choose Us – Your Trusted Partner in Home Financing

At Mr Preapproval Team, we understand that every borrower’s financial situation is unique. That’s why we provide tailored mortgage solutions designed to fit your goals, whether you’re purchasing your first home, upgrading to a new property, or investing in real estate. With a focus on transparency, clear communication, and personalized guidance, we make the home financing process simple and stress-free.

Kris takes the time to understand your needs, explain your options, and help you make informed decisions every step of the way. From application to closing, our commitment is to provide expert support, reliable advice, and a seamless experience — ensuring you feel confident and empowered throughout your homeownership journey.

We are known for

Personalized Guidance: We take the time to understand each client’s unique financial situation and goals, providing tailored mortgage solutions that fit their needs.

Transparent Process: From start to finish, we prioritize clear communication, ensuring borrowers understand every step of the home financing journey.

Expertise Across Loan Programs: Whether it’s conventional, VA, USDA, Non-QM, or investment property loans, our team has the knowledge to guide clients through any mortgage scenario.

Commitment to Client Success: We focus on building long-term relationships, supporting clients not just in securing a loan but in achieving their overall homeownership and financial goals.

talk to a loan specialist

"FAQs"

A Profit and Loss loan is a mortgage option for self-employed borrowers and business owners that uses business profit and loss statements — rather than W-2s or tax returns — to verify income and determine loan qualification.
This loan is ideal for self-employed individuals, business owners, and entrepreneurs whose income fluctuates, comes from multiple revenue sources, or is seasonal in nature, making it difficult to qualify through traditional documentation.
Lenders review your business’s monthly revenue, expenses, and net profit as shown in your P&L statements to determine your borrowing capacity and overall qualification.
Yes. These loans can be used to purchase a primary residence, a second home, or an investment property, depending on your financial goals.
Standard mortgages often rely on taxable income, which can be lower than actual business cash flow due to deductions and write-offs. A P&L loan reflects your business’s real earning potential, offering a more accurate picture of what you can afford.

Making Homeownership Possible for Self-Employed Borrowers

The Mr Preapproval Mortgage Team believes that finding the right loan should be a smooth and stress-free experience. Our team is dedicated to guiding you through every step of the mortgage process, ensuring you receive the loan program that best fits your needs and goals. With a wide range of financing solutions and a commitment to personalized service, we take pride in helping families and investors achieve their dreams of homeownership and financial growth.