Self-Employed Mortgage
Your business is running. Your mortgage can too.
Variable income, lots of deducted expenses, less than 2 years in business: I find the lender who understands your reality, not just your notice of assessment.
- Buy with 10% down
- Bank statements accepted
- Even with less than 2 years in business
The real problem
I’m self-employed myself: I know your reality.
You deduct your expenses to pay less tax, and that’s normal. But at the bank, your income then looks lower than it really is. My job: present your file so it reflects what you actually earn.
Four ways to qualify
Declared income (bank)
2 years of notices of assessment. Some expenses can be added back to your income: depreciation, home office, the personal part of your vehicle. The best rates.
Insured stated income program
2 years in business. Buy with only 10% down.
Alternative lender
12 months of business bank statements, even with less than 2 years in business. Up to 80% of the value. Learn more
Private lender
Urgent or complex file? Your property’s value speaks for you. Learn more
Who is it for?
Entrepreneurs, consultants, construction workers, truckers, professionals, retailers, platform workers (Uber, delivery, Airbnb), incorporated or not.
What you can do with it
- Buy a house or a plex of up to 4 units
- Refinance to consolidate your debts
- Pay off tax arrears
- Buy a rental property
Documents to prepare
- Federal and provincial notices of assessment for the last 2 years
- Business bank statements for the last 12 months
- Proof of business: registration or articles
- GST/QST registration, if applicable
Don’t have everything? Call anyway: we’ll look at what’s possible.
Simple, in 4 steps
- Free analysis of your file
- I choose the right program for you
- Approval and written offer
- Signing at the notary
What my clients say
Frequently asked questions
I’ve been self-employed for less than 2 years. Is it possible?
Yes. Some alternative lenders accept 12 months of business bank statements, even with less than 2 years in business.
My declared income is low because of my expenses. What can I do?
It’s the most common situation. Depending on the lender, some expenses can be added back to your income, or we use your bank statements instead of your notice of assessment.
How much down payment do I need?
From 10% with an insured stated income program, and usually 20% with an alternative lender.
I’m incorporated. What does that change?
No problem. We look at your personal income and, depending on the lender, part of your company’s profits can also be considered.
I owe income tax. Is that a problem?
Not necessarily. With a refinance, tax arrears can often be paid from the financing.
My income comes from Uber or Airbnb. Is it accepted?
Yes. This income is treated as self-employment income. You usually need 2 years of history and your bank statements.
Are the rates higher?
Not necessarily. With enough declared income, you have access to bank rates. Alternative programs cost a bit more, but it’s often temporary.
Personalized financial advice
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Your business works hard. Make your file work too.
Free, confidential analysis, with no obligation.