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[** Back to Express School](<https://lbcmortgage.com/mortgage-shorts/>)  April 17, 2023  

# Profit and loss statement

[Mortgage Programs](<https://lbcmortgage.com/mortgage-shorts/mortgage-programs/>) 

[Profit and Loss program](<https://lbcmortgage.com/self-employed-mortgage-loans/pl-mortgage-loans/>) was designed specifically for selfe-mployed people and you don’t have to provide any income documents on this program. No taxes, no W2-s.

How it works? You have to be selfemployed for the past two years and all you need to show in terms of income is your profit and loss statement from your CPA or whatever numbers the PNL will show. This is what the bank will use. Minimum down payment on this program is 20% right now.

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#### [Profit and loss statement](<https://lbcmortgage.com/mortgage-shorts/mortgage-programs/profit-and-loss-statement/>)

[** Watch short](<https://lbcmortgage.com/mortgage-shorts/mortgage-programs/profit-and-loss-statement/>)  April 17, 2023

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