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Self Employed Individuals

What’s required and how you can benefit

Every money lender has unique mortgage guidelines for self-employed home buyers.

Designed for those without a traditional “proof of income,” these guidelines are applied to:

There are three general types of self-employed mortgage programs:

1. Stated

The lender requires a good credit history and proof of self-employment: GST number, etc.

2. Income Qualifying

The lender requires Revenue Canada “Notices of Assessment” to determine net income.

3. Alternative Income Qualifying

The lender requires alternative confirmation of income: bank statements, invoices, etc.

In all cases, lenders may also require proof you have no outstanding taxes still owed Revenue Canada.

Despite popular misconceptions, self-employed home buyers may still qualify for the lowest available interest rates.

Find out how you can, too!