Self Employed

We offer low rates and excellent mortgage options specifically designed for self-employed individuals. We understand the unique challenges and circumstances that self-employed individuals face when it comes to securing a mortgage, and we are here to help.

One of the benefits we provide is fast mortgage approval, even for those who have been declined in the past. We understand that traditional lenders may not always understand the nature of self-employment income and may overlook the potential of self-employed individuals to repay their mortgages. That's why we work with lenders who specialize in self-employed mortgage options.

Our mortgage options take into consideration the reduced taxable income that often results from claimed expenses. We understand that self-employed individuals often have to deduct business expenses from their income, which can lower their taxable income. This is why we offer Stated Income mortgages, which allow self-employed individuals to provide a reasonable estimate of their income based on their expenses, rather than relying solely on their taxable income.

We also accept dividend and investment income as part of the calculation for qualifying income. We understand that self-employed individuals may earn income from various sources, and we consider all stable income sources as long as they can be proven.

To apply for a mortgage, we require certain documents to verify your income and business ownership. These documents include the Notice of Assessment, T1 Tax Statement, proof of principal ownership in the business, contracts or financial statements, and a copy of the Article of Incorporation or business license.

We have access to a wide range of lenders, including major banks, mortgage finance companies, credit unions, and alternative financers. This allows us to provide you with the best options based on your individual circumstances and income estimates.

If you are a self-employed individual looking for a mortgage, we have options tailored specifically for Business For Self (BFS) borrowers. Give us a call today to discuss your mortgage needs and see how we can help you secure the financing you need.

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