Who is it for? Designed as an income documentation alternative to bank statements allowing Self Employed borrowers to utilize their Profit & Loss statement

How do you calculate it? Take the approved net income and divide by 12

What documents do you need?

Profit &Loss

800-636-3429www.fnba.com/correspondent

Making Non-QM Loans Easier

• Borrower prepared Profit and Loss statement for previous12 months, reviewed and validated by an independentlicensed/qualified 3rd party

• Documentation indicating that the 3rd party reviewer islicensed or qualified

• Evidence that your business has been in operation for12 months or greater