What Are Purchase Loans?

Profit and Loss (P&L) Loans are designed for self-employed individuals and business owners who want to use their company’s income statements to qualify for a mortgage. Instead of relying on traditional W-2s or tax returns alone, lenders consider your business’s profit and loss statements to determine your ability to repay the loan. I work closely with my clients to interpret these statements, understand their cash flow, and translate that into a qualifying income profile. My goal is to simplify the process and help you leverage your business performance to secure the financing you need.
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Qualify Using Your Business Income

One of the biggest advantages of P&L Loans is that they allow you to use the actual performance of your business as the basis for qualification. This is particularly valuable for entrepreneurs whose income may fluctuate or isn’t fully captured in tax documents. I guide you in gathering the necessary statements, organizing your financial records, and presenting them in a way that meets lender requirements. By focusing on your business’s real performance, I help you unlock opportunities that traditional mortgages might not provide.
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Flexible Solutions for Self-Employed Borrowers

P&L Loans provide flexibility for borrowers with nontraditional income streams, giving you the ability to qualify based on your company’s earnings rather than personal salary alone. I help you evaluate your financial statements, determine which figures are most relevant, and identify strategies to strengthen your application. Together, we create a plan that ensures your business income is fully recognized while supporting your long-term homeownership goals.
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Benefits of Purchase Loans

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Qualify using your business’s profit and loss statements

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Ideal for self-employed individuals or entrepreneurs

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Flexible underwriting that accommodates nontraditional income

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Streamlined process for quicker, more efficient approvals
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Streamlined Process for Entrepreneurs

These loans are structured to accommodate the unique needs of business owners, often with faster approvals and a more tailored approach to underwriting. I walk you through each step, from document preparation to lender communication, ensuring the process is clear, efficient, and aligned with your objectives. With my guidance, securing a mortgage using your profit and loss statements becomes a straightforward and confidence-building experience.
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Why Choose Us – Your Trusted Partner

Patty Galceran takes the time to understand your unique financial situation and goals, guiding you through every step of the mortgage process with clarity and personalized support. Whether it’s your first home, an investment property, or a complex loan, she ensures the process is straightforward and stress-free.

With Patty by your side, you’re not just getting a loan — you’re gaining a trusted partner who genuinely cares about your success. She provides expert guidance, honest advice, and a supportive experience to help you achieve your homeownership goals with confidence.

We are known for

Personalized Guidance – Patty Galceran takes the time to understand your goals and financial situation, providing tailored solutions for every client.

Expert Knowledge – With deep experience across a wide range of loan programs, Patty ensures you get clear, accurate advice at every step.

Smooth & Stress-Free Process – From application to closing, Patty makes the mortgage experience simple, transparent, and worry-free.

Commitment to Your Success – Patty is dedicated to helping you achieve homeownership and investment goals while building long-term financial confidence.

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Why Choose Rapid Closing?

Choosing the right mortgage partner can make all the difference in your homeownership journey. At Rapid Closing, we combine speed, expertise, and personalized care to deliver financing solutions that are tailored to your goals. Whether you’re a first-time home buyer, refinancing, or exploring specialized programs, our team is dedicated to making the process smooth, transparent, and stress-free. With Rapid Closing, you’re not just getting a loan—you’re gaining a trusted partner who stands by you every step of the way.

We are known for

Fast & Reliable Closings – Streamlined processes that save you time and stress.

Wide Range of Loan Programs – From FHA and VA to DSCR, Jumbo, and USDA loans.

Personalized Guidance – Clear, step-by-step support with dedicated loan specialists.

Flexible Solutions – Options designed for first-time buyers, investors, and unique situations.

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"FAQs"

I work with a wide range of loan programs, including FHA, VA, Conventional, Jumbo, DSCR, Bank Statement, and more. My goal is to find the right mortgage that fits your unique financial situation and homeownership goals.

I take the time to understand your needs, income, credit profile, and long-term goals. Together, we review your options and select a program that offers the best combination of affordability, flexibility, and financial strategy.

Absolutely! Many of my loan programs, such as Bank Statement Loans, DSCR Loans, and Assets-As-Income Loans, are designed for self-employed individuals, investors, or those with unique income sources. I help you understand the documentation and eligibility requirements.

 

The timeline depends on the type of loan and your financial situation, but I strive to make the process as smooth and efficient as possible. I guide you through each step, keep you informed, and work to ensure timely approvals and closings.

 

Yes! I specialize in helping first-time buyers navigate the process with programs that include low down payments, grants, and other forms of assistance. I provide guidance, education, and support to make your first home purchase stress-free.

 

Getting started is easy! You can reach out to me directly through the website or by phone. I’ll schedule a consultation to review your goals, discuss your loan options, and create a customized plan to help you achieve your homeownership or investment objectives.

Leverage Your Business Success for Homeownership

Profit and Loss Loans turn your business performance into a pathway to homeownership. I help you review your statements, understand lender expectations, and structure your loan to align with both your financial situation and homeownership goals. My approach is hands-on and tailored, ensuring you feel confident and prepared every step of the way. With careful planning and clear guidance, your business’s success can directly support your next home purchase.