Mortgage Solutions for Self-Employed
Mortgage Solutions for Self-Employed Borrowers
If you’re self-employed, qualifying for a mortgage can feel complicated but it doesn’t have to be.
Flexible Qualification Options
Bank statement programs
Stated income options
Alternative lenders when needed
Traditional lenders when possible
Structured Properly From Day One
When reviewing self-employed files, I look at:
Gross vs net income
Stated income programs
Lender-specific flexibility
Corporate retained earnings
Alternative lending options if needed
I work with multiple lenders to find solutions tailored to business owners. The key is understanding how lenders assess income and positioning your file accordingly.
I’ll guide you through it step by step.
Frequently Asked Questions
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Lenders typically review:
personal tax returns (T1 Generals)
Notice of Assessment
Business financials
In some cases lenders may use stated income programs depending on your situation. I help present your income in a way that strengthens your application.
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Most traditional lenders prefer two years of consistent income but there are exceptions depending on your business and financial profile.
There are options even if you don’t meet standard requirements.
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Yes but heavy write offs can reduce your reported income which affects qualification with traditional lenders.
Alternative lenders may offer more flexibility based on your actual cash flow.
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Typically you’ll need:
two years of tax returns
notice of assessment
business financials
bank statements
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Many self employed incomes vary and lenders may average your income over time or use alternative methods to assess it.