Mortgage Loan for Self-Employed

While many Canadians benefit from self-employment, they may encounter issues when it comes to obtaining personal financing, such as a mortgage or a vehicle loan.

Self-Employed Mortgage Loan: Find the Solution Tailored to Your Needs

As a self-employed individual, you may have various mortgage financing needs, whether it's for property acquisition, refinancing, debt consolidation, or other specific needs. I'm here to guide you through every step of the process and help you find the solution that best fits your needs.

As a self-employed individual, you may have various mortgage financing needs, whether it’s for property acquisition, refinancing, debt consolidation, or other specific needs. I’m here to guide you through every step of the process and help you find the solution that best fits your needs. Here’s what I offer you:

Understanding the Specifics of Mortgage Financing for Self-Employed Individuals

I understand the unique challenges that self-employed individuals face in real estate financing. Whether you have irregular income, unconventional financial documents, or other specific challenges, I’m here to help you navigate through the available options and find the best solution for you.

Alternative Income Documentation

To assess your solvency, I am able to accept a variety of documents attesting to your income, such as tax returns, financial statements, personal and business bank statements, employment contracts, and even recommendation letters from clients. I am flexible and can adapt my requirements based on your specific situation.

Range of Mortgage Solutions

I offer a comprehensive range of mortgage programs specifically designed to meet the needs of self-employed individuals. Whether you’re looking for a conventional loan, an insured loan, an alternative loan, or even a no-income verification loan, I’m here to help you find the solution that best suits your needs.

Benefits of Using a Mortgage Broker

By collaborating with me, you’ll benefit from my expertise in understanding all available options, objectively comparing interest rates, negotiating the best terms, and putting together a strong and comprehensive application package. I’m here to guide you through every step of the process and ensure that you make informed decisions.

Special Programs for Self-Employed Individuals

I also offer special financing programs with features and eligibility criteria tailored to self-employed individuals. Please refer to the summary table below to discover my special offers:

Conventional Insured Insured Plus Alternative Alternative
With Bank Statements
Number of Years
Minimum of 2 Years
Minimum of 2 Years
Minimum of 2 Years
Minimum of 2 Years
Minimum of 2 Years
Type of Financing
Conventional Financing
Conventional Financing
Conventional Financing
Alternative Financing
Alternative Financing
Type of property
For 1 to 4 Units
For 1 to 4 Units, Owner-Occupied
Max. 2 Units, 1 Owner-Occupied
For 1 to 4 Units
For 1 to 4 Units
Maximum Loan
80%
95%
90%
80%
80%
Maximum Amortization
Up to 30 Years
Up to 25 Years
Up to 25 Years
Up to 35 Years
Up to 35 Years
Minimum Credit Score
600
600
650
500
500
Documentation

Self-employed borrowers must confirm they have been active for at least two years and provide proven two-year income history to support eligible income.

Self-employed borrowers must confirm they have been active for at least two years and provide proven two-year income history to support eligible income.

According to the guidelines established by the insurers.

Self-employed borrowers must confirm they have been active for at least two years and provide proven two-year income history to support eligible income.

A letter of income and expense declaration provided by the applicant and bank statements of the business covering a twelve-month period.

Conventional Mortgage Loan

Self-employed for at least: 2 years

Type of financing: Conventional Financing

Property Type: 1 to 4 units

Maximum Loan: 80%

Maximum Amortization: Up to 30 years

Minimum Credit Score: 600

Documentation: Self-employed borrowers must confirm they have been active for at least two years and provide proven two-year income history to support eligible income.

Insured Mortgage Loan

Self-employed for at least: 2 years

Type of financing: Conventional Financing

Property Type: 1 to 4 units

Maximum Loan: 95%

Maximum Amortization: Up to 25 years

Minimum Credit Score: 600

Documentation: Self-employed borrowers must confirm they have been active for at least two years and provide proven two-year income history to support eligible income.

Insured Plus Mortgage Loan

Self-employed for at least: 2 years

Type of financing: Conventional Financing

Property Type: 1 to 2 units

Maximum Loan: 90%

Maximum Amortization: Up to 25 years

Minimum Credit Score: 650

Documentation: According to guidelines established by insurers.

Alternative Mortgage Loan

Self-employed for at least: 2 years

Type of financing: Alternative Financing

Property Type: 1 to 4 units

Maximum Loan: 80%

Maximum Amortization: Up to 35 years

Minimum Credit Score: 500

Documentation: Self-employed borrowers must confirm they have been active for at least two years and provide proven two-year income history to support eligible income.

Alternative with Bank Statement

Self-employed for at least: 2 years

Type of financing: Alternative Financing

Property Type: 1 to 4 units

Maximum Loan: 80%

Maximum Amortization: Up to 35 years

Minimum Credit Score: 500

Documentation: A letter of income and expense declaration provided by the applicant and bank statements of the business covering a twelve-month period.

Explore Your Mortgage Options

Ready to move to the next step? Contact me for a personalized consultation now.

Speak to an expert
Rui Alberto Maia, Courtier Hypothécaire Logo

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