LITE DOC (P&L)
Mortgages Made Easy
Simplified documentation for self-employed borrowers and investors seeking flexible mortgage solutions.
About Lite Doc Loans
Lite documentation (lite doc) loans are flexible financing solutions designed for self-employed borrowers or those with non-traditional income sources. These programs don't require full tax returns and instead allow alternative documentation to verify income.
Common Documentation Options:
Profit & Loss Statement (P&L):
A self-prepared or accountant-provided summary of your business income and expenses. Great for showing income without full tax returns.
Bank Statement Program:
Lenders review 12–24 months of personal or business bank deposits to calculate average monthly income.
VOE Only (Verification of Employment):
Employment and income are verified directly with the employer—no need for pay stubs or tax returns.
No Income - DSCR - Debt Service Coverage Ratio
DSCR loans may allow borrowers to qualify based solely on rental income projections, without traditional income documentation typically requiring strong credit, significant reserves, and a healthy DSCR without documentation, typically requiring strong credit and large down payments.
These programs are ideal for self-employed professionals, business owners, and others with complex or hard-to-document income streams.
Stated Income Loan Features
Why Choose Equitable Lending Mortgages
No Tax Returns Required
Flexible Income Verification
Ideal for Self-Employed Borrowers
Simplified Documentation Process
Great for Business Owners
Quick and Efficient Approvals
Simplifying Your Path to Homeownership
At Equitable Lending, we specialize in Direct Mortgage Lending, focusing on Mortgage Purchase Loans, Refinance Loans, and Reverse Mortgages.
Ensuring you get rates tailored to your situation
"Equitable Lending has been an invaluable partner in navigating the mortgage landscape. Their expertise enables us to pursue our dreams of homeownership with confidence."
Equitable Lending
Works tirelessly to find the best financing options for all your mortgage needs.
Frequently Asked Questions
How can I get started with a mortgage from Equitable Lending?
Getting started is simple! Visit our website to fill out a consultation form, and one of our mortgage specialists will contact you to discuss your lending needs and how our solutions can benefit you.
What types of mortgage products do you offer?
Equitable Lending specializes in a range of mortgage products, including Mortgage Purchase Loans, Refinance Loans, Reverse Mortgages, 2nd Loans, and HELOCs.
Are there any special programs for first-time homebuyers?
Yes, we offer special programs designed for first-time homebuyers to make the process easier. Our team will guide you through all available options to ensure you find the right fit for your needs.
What documentation do I need to provide?
You will typically need to provide proof of income, tax returns, and various identification documents. Our team can provide a detailed checklist to make this process easier for you.
Can I refinance my existing mortgage?
Absolutely! We offer competitive refinance loans that can help lower your monthly payments or extend your loan term. Contact us to discuss the details.
What if I have issues with my mortgage application?
If you encounter any issues, our customer service team is here to help! You can reach out through our website or give us a call, and we will arrange for prompt support.
Can I expand my mortgage options later?
Yes! As your needs change, we can work with you to explore additional mortgage options that fit your situation, including 2nd Loans and Non-QM Loans.
What is the warranty on your mortgage products?
We offer comprehensive support for our mortgage products. Should you have any problems, our team will assist you throughout the entire process.
What Our Clients Think
Discover why thousands of homeowners trust Equitable Lending for their mortgage needs
"Equitable Lending made securing my mortgage a breeze! Their team was knowledgeable and guided me through every step, ensuring I made the best choice for my situation."
"I recently refinanced with Equitable Lending and the process was seamless. They provided great rates and exceptional service that exceeded my expectations."
"Equitable Lending provided me with a reverse mortgage that has truly transformed my retirement experience. Their team was supportive and understanding throughout the entire process."
Join hundreds of satisfied customers who chose Equitable Lending
Get in Touch with Equitable Lending
At Equitable Lending, we specialize in providing direct mortgage loans tailored to your needs, including Mortgage Purchase Loans, Refinance Loans, Reverse Mortgages, 2nd Loans, and HELOCs. We can assist with FHA Loans, VA Loans, Conventional Loans, Jumbo Loans, Interest Only Loans, Bank Statement Loans, No Tax Return Mortgages, Profit & Loss Statement Only Mortgages, P&L Mortgages and more.
From First Time Home Owners to Investors, we offer competitive solutions including Fix & Flip Mortgages, Construction and Development financing. Bring us any other Lender's offer and we'll likely BEAT it!
"Mortgages Made Easy."
Los Angeles, CA 90034
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