Introducing the FHA 3.5% Down P&L Loan: A Game-Changer for Business Owners

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Are you a business owner dreaming of homeownership in Los Angeles or SoCal, but struggling to meet the hefty down payment requirements? Or perhaps you’re worried about not having W2s to apply for a home loan, or wondering whether the fact that your income changes from month to month could prevent you from being approved for a home loan? Look no further! I’m thrilled to introduce the FHA 3.5% Down P&L Loan, a groundbreaking opportunity tailored specifically for business owners who wholly own their company.

What is the FHA 3.5% Down P&L Loan?

This innovative program is designed to make homeownership more accessible for business owners by requiring only a Profit and Loss statement (P&L) instead of traditional financial documentation like W2s and tax returns. With loan amounts of up to $1.149 million in Los Angeles and Orange Counties (additional county loan limits available upon request), this loan offers a path to homeownership that was previously out of reach for many.

Who is Eligible?

The FHA 3.5% Down P&L Loan is specifically crafted for business owners who own 100% of their company. Whether you’re a seasoned entrepreneur or a budding business owner, this program could be the key to unlocking homeownership opportunities.


Key Highlights:

  • No Reserves Required: Unlike traditional loans that often require hefty reserves, this program eliminates the need for reserves, making it easier for business owners to qualify.
  • Flexible Loan Amounts: With loan amounts of up to $1.149 million in high-cost areas like Los Angeles and Orange Counties, this program provides substantial financing options to accommodate varying needs.
  • Business Funds Accepted: In a unique feature, business funds can be used for the home purchase, albeit with some restrictions. This flexibility can be a game-changer for entrepreneurs looking to leverage their business assets to secure a home.

Don’t Miss Out on Your Dream Home:

The FHA 3.5% Down P&L Loan represents a significant milestone in the realm of mortgage financing, particularly for business owners who have long grappled with barriers to homeownership. With its innovative approach and flexible requirements, this program is poised to make a lasting impact on the real estate landscape, empowering more individuals to achieve the dream of owning a home.

Ready to explore the possibilities?

Reach out to us today and let’s work together to turn your homeownership dreams into reality! Book time with me below

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(all data current as of 5/23/2024)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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