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P&L Cash Out Refinance

P&L Only Cash Out Refinance

Turn Home Equity Into Cash With One Document: Your P&L

A P&L Only cash out refinance replaces your current mortgage with a larger one and pays you the difference in cash, qualifying you on a profit and loss statement for your business, completed and signed by a CPA or other registered tax preparer, instead of tax returns, W2s, or months of bank statement analysis. It is built for self employed homeowners whose books tell the story of the business better than their tax returns do. Based in Atlanta, our team walks self employed homeowners throughout Georgia through the numbers phone first.

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Atlanta based, serving self employed homeowners across Georgia.

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The First Things to Know

What is a P&L Only cash out refinance?

A refinance that replaces your current mortgage with a larger one and pays you the difference in cash at closing, qualifying you on a profit and loss statement covering the most recent 12 months of your business instead of tax returns or bank statement analysis. It is designed for self employed borrowers and business owners.

Who has to prepare the P&L?

Not you alone. The statement must be completed, reviewed, and signed by a CPA, an IRS Enrolled Agent, a CTEC registered preparer, or another registered tax preparer. A P&L you prepared yourself does not qualify, and that independence is exactly what gives the document its weight.

Does my current mortgage get replaced?

Yes. This is not a second mortgage. The new loan pays off your existing mortgage entirely, and your cash comes from the difference between the new loan, the payoff, and the closing costs.

How much equity do I need?

Plan on keeping at least 20 percent equity in a primary home even with strong credit, and closer to 30 percent at the lowest considered scores. Credit scores as low as 640 may be considered on a primary home at the reduced caps, and investment properties require keeping more equity.

Can I use the money for anything?

Generally yes: consolidating expensive debt, funding your business, renovations, or reserves. On investment properties the loan may be underwritten as business purpose financing, which comes with its own rules. What matters most is that the use justifies the cost of the money, and we talk that through honestly.

Do I need tax returns or bank statements?

Tax returns are not used to qualify. Some programs approve on the strength of the P&L itself, while others pair it with two to three months of recent business bank statements to confirm the deposits reasonably support the revenue the P&L shows. We tell you which applies before anything starts.

Equity and Income Review

Review Your P&L and Your Cash Out Numbers Over the Phone

Two numbers decide this loan: what your profit and loss statement says the business earns, and what your equity allows you to borrow. We walk through both with you in one call, whether your P&L meets the preparer standard, what qualifying income results, roughly how much cash your equity could produce, and what the new payment would look like carrying it.

A phone review is not a loan application and is not a commitment to lend. Qualifying income and terms are never guaranteed and depend on your complete situation.

What to expect

  • Free and no obligation
  • No documents needed for the first conversation
  • A plain English walkthrough of the equity and income math
  • Clear numbers before you decide anything
Call 404.919.5533 Talk With A Loan Expert
  • Clear numbers before you decide
  • Honest answers, including when not to refinance
  • Atlanta based team serving self employed homeowners across Georgia

Who It May Fit

Homeowners Who Often Consider a P&L Only Cash Out

The common thread is simple: real equity in the property, a real business with professionally kept books, and tax returns that do not tell the full story.

See where your cash out stands

  • Self employed owners with equity and a real use for itFunding a business move, consolidating expensive debt, or paying for a renovation, when the use justifies the cost of the money.
  • Business owners whose books are kept by a CPA or registered tax preparerThe core document already exists, or is one appointment away. When your books are current, this can be the lightest documentation path in the self employed lineup.
  • Owners whose write offs blocked a conventional cash outLegitimate deductions lower taxable income, and a conventional refinance qualifies you on that lower number. A professionally prepared P&L may present the business more accurately.
  • Owners whose bank statements undercount the businessDeposits split across several accounts, card processors, and cash flows can make statement analysis messy. A single signed P&L can present the same business coherently.
  • Established businesses, generally two or more years oldPrograms generally want the business in existence at least two years, holding a current active license where one applies, with the P&L covering the most recent 12 months.
  • Homeowners who want the comparison done honestlyIf a bank statement loan, a conventional cash out, a HELOC, or leaving the equity alone beats this path, we tell you that plainly.

Being in one of these groups does not guarantee eligibility or cash. Every P&L Only cash out depends on the complete situation and the active program guidelines.

An Honest Look

When a P&L Only Cash Out May Not Be the Right Move

Cash out replaces your entire mortgage to reach your equity. Sometimes that trade is wrong even when the cash is right. Here is when to pause.

  • Your current rate is excellent and the cash need is smallA cash out resets your whole loan at today's pricing. For a smaller amount, a HELOC or home equity loan can leave a great first mortgage untouched.
  • Your tax returns can qualify you conventionallyP&L based loans typically price higher than conventional loans. If a full documentation cash out works for you, it usually wins, and we will say so.
  • Your business is too new, or the type does not qualifyPrograms generally want at least two years in business, and certain business types, such as day trading, businesses whose only income is rent, note holding, or property flipping, are not eligible for P&L based income.
  • No registered preparer stands behind your numbersA self prepared P&L does not qualify. If your books are not in shape for a CPA, an Enrolled Agent, or another registered preparer to review and sign, that work comes first.
  • You do not have enough equity, or you just closedCash out generally requires keeping at least a fifth to a third of the home's value depending on your profile, and about six months of ownership, or since your last cash out, before the numbers work normally.
  • You plan to sell or pay the loan off soonCosts need time to earn themselves back, and investment property loans often carry prepayment penalties that make an early exit expensive.
Equity is not free money. It is the part of your home you already own. The goal is to trade it only when what you get back is clearly worth more than what it costs.
Talk With A Loan Expert

The Full Picture

Potential Benefits, Weighed Against Real Considerations

Potential Benefits

  • Cash from your equity with one core income document: a 12 month P&L, no tax returns, W2s, or pay stubs
  • When your books are professionally kept and current, often the lightest paperwork of the self employed refinance paths
  • Use the funds for debt consolidation, your business, renovations, or reserves
  • Credit scores as low as 640 may be considered on a primary home, at reduced maximum loan to value
  • Primary homes, second homes, and investment properties may be eligible, including properties held in an LLC
  • One loan and one payment, rather than a mortgage plus a second lien
  • Loan amounts commonly range from about $150,000 up to between $2.5 and $3 million under the active programs

Important Considerations

  • Your entire mortgage is replaced at today's pricing, which typically runs higher than a comparable conventional loan
  • The P&L must be completed, reviewed, and signed by a CPA, IRS Enrolled Agent, CTEC, or other registered tax preparer; a self prepared statement does not qualify
  • Some programs verify the P&L against two to three months of business bank deposits, and the numbers need to reasonably agree
  • Cash out carries lower maximum loan to value than rate and term, and the cap tightens as credit scores drop and loan amounts rise
  • Programs cap cash in hand at higher loan to value, reserves are generally required, and certain business types are ineligible
  • Investment property loans often carry prepayment penalties
  • Consolidating short term debt into a long term mortgage can raise its lifetime cost even when the monthly payment falls

This section is for education, not product promotion. Whether a P&L Only cash out serves you depends on your complete situation, and refinancing may increase your total finance charges over the life of the loan.

The Heart of the Decision

From Your Business's P&L to Cash in Hand

Cash out is a walk from your home's value down to a check: value, minus the equity you must keep, minus your payoff, minus costs, all governed by what your P&L says you can carry. This is each step of that walk, and it is exactly what we go through with you on the phone.

Your home's value and current balance
The appraisal sets the value, and the difference between that value and your current mortgage balance is your total equity. Everything else is carved from this number.
The equity you must keep
Programs cap the new loan at a share of the value. Plan on keeping at least 20 percent equity in a primary home with strong credit, closer to 30 percent at the lowest considered scores, and more on larger loans. Investment properties keep more still, with caps around 55 to 60 percent of value at the lowest credit tiers.
The P&L itself
The statement must cover the most recent 12 months and be completed, reviewed, and signed by a CPA, IRS Enrolled Agent, CTEC, or other registered tax preparer. Some programs also ask for two to three months of business bank statements, and the deposits need to reasonably support the revenue the P&L shows.
What that income allows you to carry
The equity cap is only half the ceiling. The income your P&L supports must carry the new payment at a debt to income ratio generally capped near 50 percent. The lower of the two ceilings wins, and it decides your realistic cash number.
Payoff, costs, seasoning, and what is left as cash
The new loan first pays off your existing mortgage and the closing costs; what remains is your cash. Programs cap cash in hand, commonly around $500,000 to $1 million at higher loan to value with larger amounts at lower leverage, and generally want about six months of ownership, or since a prior cash out, before the normal math applies.
Your equity after, and the payment carrying it
The honest ending: how much of your home you still own after the check clears, what the new payment is, and whether the use of the cash justifies both. If it does not, we say so before you sign anything.
Review My Cash Out Options Call 404.919.5533

Want to run rough numbers yourself first? Our refinance calculator compares a current loan to a new one on figures you enter, including a cash out amount. Keep in mind it cannot read your P&L or apply your program's equity cap, the two ceilings that decide this loan, so treat its output as a starting point and let us run the real math with you.

Honest Math

What a P&L Only Cash Out Costs, and When the Trade Is Worth It

Cash out is never free money. You are replacing your whole mortgage and borrowing against the part of your home you already own. Here is where the costs come from and how to judge the trade.

The whole loan reprices, not just the cash

A cash out refinance replaces your entire mortgage at today's pricing, and P&L based pricing typically runs above conventional. That means the premium applies to every dollar you owe, not just the cash you take. When the cash need is small and your current rate is strong, a HELOC or home equity loan that leaves the first mortgage alone can be the cheaper trade, and we price that comparison for you.

The P&L is a real document with real standards

P&L Only does not mean stated income. The statement must cover the most recent 12 months and be completed, reviewed, and signed by a CPA, IRS Enrolled Agent, CTEC, or other registered tax preparer. The business generally needs to have existed at least two years and hold a current active license where one applies, some programs pair the P&L with two to three months of business bank statements whose deposits must reasonably support the revenue shown, and certain business types, such as day trading, note holding, property flipping, or businesses whose only income is rent, are not eligible. An honest file matches reality, and no one should ever ask your preparer to stretch it.

The caps: equity, credit, cash in hand, seasoning, and reserves

Plan on keeping at least 20 percent equity in a primary home with strong credit and closer to 30 percent at the lowest considered scores, with credit scores as low as 640 considered on a primary home. Investment properties keep more equity. Programs also limit the cash itself, commonly around $500,000 to $1 million when the loan runs at higher loan to value, with larger amounts available at lower leverage. Cash out generally requires about six months of ownership, or six months since your last cash out, and most programs require reserves, commonly several months of the new payment growing with loan size. On the active programs, cash out proceeds may be able to count toward reserves, and we confirm whether yours allows it.

Debt consolidation, prepayment penalties, and the term reset

Rolling short term debt into a 30 year mortgage can drop your monthly outflow while raising what the debt costs over its lifetime, because the balance now rides a long term and is secured by your home. Investment property loans often carry a prepayment penalty during the early years, a term to read before signing, not after. And even a well priced refinance resets your term, which can increase the total interest paid over the life of the loan. All of it goes on the table during the review.

Compare Your Paths

P&L Only, Bank Statement Cash Out, or Keep Your Current Mortgage

Three legitimate ways to think about it. No path is best for everyone, and leaving the equity alone is sometimes the right answer.

Qualitative comparison of a P&L Only cash out refinance, a bank statement cash out refinance, and keeping the current mortgage
Criteria You Are Viewing This ProgramP&L Only Cash Out Bank Statement Cash Out Keep Your Current Mortgage
Best suited for Owners with professionally kept, current books whose deposits are messy, split across accounts, or otherwise hard to analyze Owners whose deposits tell the income story cleanly in one or two accounts Owners whose current terms serve them well and whose cash need is not compelling
Income documentation A 12 month P&L completed, reviewed, and signed by a CPA, IRS Enrolled Agent, CTEC, or other registered tax preparer; some programs add two to three months of business bank statements 12 or 24 months of personal or business bank statements, analyzed deposit by deposit with an expense factor None
What happens to your current mortgage Replaced entirely by the new, larger loan Replaced entirely by the new, larger loan Nothing changes
Primary advantage The lightest paperwork of the self employed paths when books are current, and one document presents the whole business No reliance on prepared financials; the deposits speak for themselves Zero cost, zero new debt, and zero risk of a bad trade
Potential tradeoff The preparer standard is strict, certain business types are ineligible, and the whole balance reprices above conventional Deposit analysis and expense factors can undercount a business with heavy pass through costs, and the whole balance also reprices above conventional The cash need goes unmet, or gets financed some more expensive way
When another path may fit better Your deposits are clean enough that statement analysis measures you fairly, or your tax returns support a cheaper conventional loan Your deposits are messy or spread thin, or your books are stronger than your statements The use for the cash clearly outweighs its cost
Review My Cash Out Options Explore Bank Statement Cash Out Sometimes the honest answer

Scroll the table sideways to compare all three paths.

Not sure which path fits? Talk With A Loan Expert

Your Path

How the P&L Only Cash Out Process Works

  1. Talk Through the Cash and the Why

    A short conversation about how much you need, what it is for, your current loan, and your business.

  2. Line Up the P&L

    Your CPA or registered tax preparer completes, reviews, and signs a statement covering the most recent 12 months. If your program pairs it with business bank statements, we flag that now.

  3. Calculate Income and Estimate the Cash

    The income your P&L supports and your equity cap together set the realistic cash number, before you commit to anything.

  4. Application, Appraisal, and Processing

    The appraisal sets the value the cash math runs on, alongside reserve verification and your business documentation. We keep you posted at every step.

  5. Review Final Numbers, Close, and Receive Your Funds

    Rate, payment, costs, cash amount, and any prepayment terms are confirmed in writing before you sign. On a primary residence, federal law generally gives you a three business day window to cancel after signing, and the funds arrive after it passes.

  6. Keep Paying Until Your Servicer Confirms

    Continue making your current mortgage payments until you receive confirmed instructions from your servicer. Never assume a payment is skipped.

Be Prepared

Documents and Information You May Need

No tax returns does not mean no documents. The file is built around your P&L, your business, and your equity instead. Your loan expert will confirm exactly what applies to you.

  • A P&L covering the most recent 12 months, completed, reviewed, and signed by a CPA, IRS Enrolled Agent, CTEC, or other registered tax preparer
  • Two to three months of recent business bank statements, when your program asks for them
  • Your current mortgage statement and payoff information
  • Government issued photo identification
  • Homeowners insurance information
  • Evidence of your business history and license, such as registration or licensing records
  • Statements for the accounts holding your reserves
  • Business entity documents when the loan involves an LLC or corporation
See What Applies to Me

Real World Context

Three Common Homeowner Scenarios

Educational examples only. They show how the thinking works, not how any specific loan will be decided.

Educational Example 01

The HVAC Company Owner With the Messy Deposits

The situation
An HVAC company owner has real equity and real revenue, but the money arrives through card processors, checks, financing partners, and cash across several accounts. A bank statement analysis kept undercounting the business, and the tax returns, full of legitimate write offs, could not support a conventional cash out.
Why a P&L Only cash out may be considered
The company's CPA already keeps the books. A single signed P&L covering the most recent 12 months can present the whole business coherently, where deposit by deposit analysis could not.
What still needs review
Whether the program pairs the P&L with recent business statements and whether the deposits reasonably support the revenue shown, the full lifetime cost of moving short term debt onto a 30 year term, and whether the new payment truly improves monthly cash flow.
When another path could fit better
If the deposits actually tell the story cleanly, a bank statement loan may reach a similar place, and if the cash need is small against a strong current rate, a second lien deserves to win the comparison.

Educational Example 02

The Restaurant Owner With Clean Books and a Plan

The situation
A restaurant owner wants cash out of her home to build out a second location. Her bookkeeper closes the books monthly and her Enrolled Agent reviews them, so a signed 12 month P&L is one appointment away.
Why a P&L Only cash out may be considered
With books this current, the P&L path can be the lightest documentation route to the equity: one core income document instead of a year or two of statements analyzed line by line.
What still needs review
Whether the remaining equity cushion is comfortable, whether the new payment fits the restaurant's real cash flow across its slow months, and how the cost of this money compares to other ways of funding the expansion.
When another path could fit better
If her current first mortgage rate is excellent, a HELOC or home equity loan could leave it untouched, and that comparison deserves to be run before replacing a good loan.

Educational Example 03

The Landlord Whose Business Is the Rentals

The situation
A metro Atlanta landlord holds several rentals in an LLC and wants cash out of one to improve another. His only business income is the rent itself.
Why this one is different
Businesses whose income comes only from rents, and property management companies managing rentals, are generally not eligible for P&L based income. This is exactly the situation where an honest lender redirects rather than forces the file.
What gets reviewed instead
Whether a DSCR refinance, which qualifies on the property's own rent instead of the owner's business income, fits the goal, along with the lower investment equity caps, prepayment terms, and business purpose rules that come with investor cash out.
The takeaway
The right documentation path depends on where the income actually comes from. When the business is the rentals, the property's cash flow, not a P&L, is usually the fair way to measure it, and we run that comparison openly.
See Where My Loan Stands

Your situation is its own scenario. Let us look at it together.

Protect Yourself

Cash First and No Doc Advertising Targets Business Owners With Equity. Read This First.

When you have equity and self employment income, you are the audience for two kinds of aggressive marketing at once: cash out pitches and no tax return pitches. Some offers are legitimate. Many are built to move your equity into someone else's fees. Here is how to tell the difference before you respond to anything, including anything from us.

Warning signs

  • Cash first marketing that leads with a dollar figure before anyone has asked about your loan, your business, or your plans
  • No doc or stated income promises; a real P&L program verifies the preparer, the business, and often the deposits behind the statement
  • Anyone who suggests your P&L could be adjusted upward to qualify; asking a preparer to sign inflated numbers is fraud, and it puts your home at risk
  • Payment comparisons that look like savings but quietly stretch short term debt over 30 years at a higher rate
  • Prepayment penalties and cash in hand limits mentioned nowhere until the closing table

What honest looks like

  • The question what is the cash for, asked early, because the use has to justify the cost
  • A written walk from your home's value to your cash number, with the equity you keep shown plainly
  • The preparer standard stated up front, and a P&L that matches the business's reality
  • The rate premium over conventional stated next to whether you could qualify conventionally instead
  • A willingness to tell you when a bank statement loan, a HELOC, a conventional cash out, or leaving the equity alone wins

Local Guidance

P&L Only Cash Out Guidance for Georgia and Atlanta Metro Homeowners

Layer One: Georgia Statewide

Taking cash out with a P&L in Georgia

[CMS: Georgia introduction] Editable area for a genuine Georgia overview written by UHome, covering how self employed homeowners across the state tend to use P&L based cash out refinancing, what Georgia borrowers should weigh before trading equity for cash, and how the closing process works here.

What self employed Georgians should have organized before applying

The strongest P&L files we review share the same habits, and they all start well before the loan.

Have a preparer relationship that already exists. The P&L must be completed, reviewed, and signed by a CPA, an IRS Enrolled Agent, or another registered tax preparer, and a preparer who has kept your books all year signs with confidence. A preparer meeting your business for the first time the week of the application is a harder conversation for everyone.

Keep the books current, not just accurate. A 12 month P&L is fast to produce when the books close monthly, and slow when a year of receipts needs to be reconstructed. Current books also make the numbers easier to defend when a program checks recent business deposits against the revenue the statement shows.

Know where your business paperwork lives. Programs generally want the business in existence at least two years with a current active license where one applies, so registration and licensing records, and entity documents if you formed an LLC or corporation, will be asked for. Finding them before underwriting asks is the easy version of that task.

Layer Two: Atlanta, Our Home Market

An Atlanta based team, reviewing Atlanta area self employed files

UHome Mortgage is headquartered in Atlanta, and self employed files are a weekly rhythm here: contractors and tradespeople, restaurant and salon owners, realtors, drivers and logistics operators, consultants, and creatives whose income is real but rarely shaped like a W2.

Two situations bring metro owners to the P&L conversation again and again. The first is the business owner declined for a conventional cash out after a strong year, because the write offs that lowered the tax bill also lowered the qualifying income. The second is the owner whose bank statement analysis came back low because the revenue moves through several accounts and processors; the deposits were real, but scattered, and a single signed P&L presented the same business far more coherently.

The other recurring theme is the preparer. Metro owners who work with a CPA or Enrolled Agent year round tend to move through this loan quickly, because the core document already effectively exists. When our team runs your numbers, whether your books are ready for the preparer standard is one of the first things we look at, and if they are not ready yet, we say so and tell you what would change that.

Atlanta Metro considerations

[CMS: Atlanta Metro content] Editable extension area for additional metro context UHome wants to publish over time, such as anonymized questions received from Metro Atlanta self employed homeowners.

Layer Three: County Coverage

Metro Atlanta counties we commonly serve

Self employed homeowners come to us from across the metro. Wherever your business runs, the review works the same way: your P&L, your numbers, your decision.

FultonDeKalbCobbGwinnett ClaytonHenryDouglasPaulding

Good Questions

P&L Only Cash Out Refinance Questions, Answered Plainly

What is a P&L Only cash out refinance?

A refinance that replaces your current mortgage with a larger loan and pays you the difference in cash at closing, with your qualifying income based on a profit and loss statement covering the most recent 12 months of your business instead of tax returns, W2s, or bank statement analysis. It is designed for self employed borrowers whose books tell the story of the business better than their tax returns do.

Who has to prepare and sign the P&L?

A CPA, an IRS Enrolled Agent, a CTEC registered preparer, or another registered tax preparer must complete, review, and sign the statement, and it must cover the most recent 12 months. A P&L you prepared yourself does not qualify. That independence is what gives the document its weight, and no one should ever ask a preparer to sign numbers that stretch reality.

Do I need tax returns or bank statements at all?

Tax returns are not used to qualify. Some programs approve on the strength of the signed P&L itself, while others pair it with two to three months of recent business bank statements to confirm the deposits reasonably support the revenue the P&L shows. The file is still fully documented in other ways: credit, appraisal, reserves, and evidence of your business history. No tax returns does not mean no verification.

What credit score do I need?

Credit scores as low as 640 may be considered for a primary home cash out under the programs we work with, though a lower score means a lower maximum loan to value, and program guidelines change over time. Investment property cash out reaches lower score tiers at much lower caps. A stronger score opens higher loan to value caps and better pricing, and we tell you where your full profile actually lands before you commit to anything.

How much equity do I need to keep in the home?

Plan on keeping at least 20 percent equity in a primary home even with strong credit, and closer to 30 percent at the lowest considered scores. Larger loans require keeping more, and investment properties require more still, with roughly 40 to 45 percent of the value kept at the lowest credit tiers. The exact cap comes from the active program guidelines for your full profile.

How much cash can I actually receive?

Your cash is what remains after the new loan pays off your current mortgage and the closing costs. The new loan itself is capped two ways: by the equity you must keep, and by what the income your P&L supports can carry at a debt to income ratio generally capped near 50 percent. Programs also cap the cash in hand, commonly around $500,000 to $1 million at higher loan to value, with larger amounts available at lower loan to value. We estimate your realistic number with you before you apply.

My business income is rent from my properties. Can I use a P&L Only loan?

Generally no. Businesses whose income comes only from rental income, and property management companies managing rentals, are typically not eligible for P&L based income, along with certain other business types such as day trading, note holding, and property flipping. For rental properties, a DSCR refinance that qualifies on the property's own rent is usually the fair path, and we run that comparison with you.

Are the rates higher than a conventional cash out refinance?

Typically yes, and the premium applies to your entire new balance, not just the cash you take. That is why the first questions we ask are whether your tax returns could qualify you for a conventional cash out, and whether the amount you need is small enough that a HELOC or home equity loan could leave your current mortgage untouched. If either cheaper path works, we tell you so.

How long does my business need to have existed?

Generally at least two years, holding a current active license where one applies. The P&L itself must cover the most recent 12 months. If the business is younger than that, the honest answer is usually to wait, keep the books clean and current, and revisit the refinance when the history is there.

Still have a question? Call 404.919.5533 or Talk With A Loan Expert.

Sources

Guideline Sensitive Information on This Page Is Checked Against These Sources

Sources and References

Reviewed by Coby Pegues, Founder and President, UHome Mortgage LLC, NMLS 2556341. Last reviewed August 2026.

Keep Learning

Bank Statement Cash Out Refinance DSCR Refinance Cash Out Refinance Self Employed Loans Refinance Calculator Mortgage Rates HELOC How the Refinance Process Works

Your Next Step

Let's Find Out What Your P&L and Your Equity Can Do

Share a few details about your current loan, your business, and what the cash is for. UHome will walk the numbers with you and tell you honestly whether the P&L path wins, a bank statement or conventional path wins, or your equity is better left right where it is.

Check My Options Talk With A Loan Expert Call 404.919.5533
  • No commitment
  • Clear next steps
  • The comparison explained before you proceed

Disclosures

General mortgage disclosure

[CMS: General disclosure] This page is for educational purposes and is not a commitment to lend. Program requirements may vary. Eligibility depends on the complete borrower profile and applicable lender and investor requirements. Refinancing may increase the total finance charges paid over the life of the loan.

P&L Only cash out program disclosure

[CMS: Program disclosure] P&L based loan programs are offered through third party lending partners and are governed by those partners' active guidelines, which change over time. Credit score minimums, maximum loan to value, cash in hand limits, seasoning, reserve requirements, profit and loss statement preparation requirements, eligible business types, and other figures described on this page reflect guidelines in effect at the time of the last review and are not guaranteed to be available. The profit and loss statement must be completed, reviewed, and signed by an eligible registered tax preparer, and supporting business bank statements may be required. A cash out refinance increases your loan balance, reduces your home equity, and secures the cash you receive against your home. P&L based loans typically carry higher interest rates than comparable conventional loans. Some loans, particularly on investment properties, may include prepayment penalties. Savings are not guaranteed. Continue making payments on your current mortgage until you receive confirmed instructions from your servicer.

Licensing information

Coby Pegues, NMLS #2556341 · UHome Mortgage LLC, Company NMLS #2559453

[CMS: State licensing] Licensed in Georgia, Alabama, and Texas. State licensing details placeholder.

Equal Housing Opportunity

[CMS: EHO statement] Equal Housing Opportunity. Placeholder for the Equal Housing statement and logo placement.

Additional program disclosures

[CMS: Additional disclosures] Repeatable disclosure blocks may be added per loan program without editing the template.

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