top of page

Self-Employed Mortgages

shelf employed.png

Mortgage Solutions for Self-Employed Canadians

Being self-employed shouldn't prevent you from achieving your homeownership goals.

​

Whether you're a business owner, contractor, freelancer, consultant, or incorporated professional, qualifying for a mortgage may look different than it does for someone with traditional employment income.

​

I'll help you understand the documentation lenders typically require, explain the financing options available, and guide you through the process with clear, practical advice.

Self-employed doesn't mean you can't qualify

One of the biggest misconceptions is that being self-employed automatically makes it difficult to get a mortgage.

​

While the application process may involve additional documentation, many lenders offer mortgage solutions specifically designed for self-employed borrowers.

​

The key is understanding your financial situation and matching it with lenders whose programs fit your circumstances.

​

Whether you've been self-employed for years or recently started your business, I'll help you explore the options available to you.

Who this page is for

This page may be helpful if you are:

  • Self-employed

  • A business owner

  • Incorporated

  • A contractor

  • A freelancer or consultant

  • Commission-based

  • Earning income from multiple sources

  • A partner in a business

​

Every lender assesses self-employed income differently, so it's important to review your individual situation before choosing a mortgage.

What lenders may consider

In addition to standard qualification requirements, lenders may review:

  • Your business history

  • Personal and business income

  • Notices of Assessment

  • Tax returns

  • Financial statements

  • Down payment

  • Credit history

  • Existing debt obligations

​

The exact documentation depends on the lender and your individual circumstances.

​

I'll let you know what information is required before you begin your application.

Common questions from self-employed borrowers

Many self-employed clients ask questions such as:

  • Should I claim less income to reduce taxes or more income to improve mortgage qualification?

  • Can I qualify if my income varies from year to year?

  • What if my business is relatively new?

  • Can retained earnings or corporate income be considered?

  • Will writing off business expenses affect my mortgage application?

  • ​

The answers depend on your financial situation and the lender's guidelines.

​

We'll review your circumstances together and discuss the options that may be available.

Tips before applying

Preparing in advance can help make the mortgage process smoother.

Consider:

  • Keeping your financial records organized.

  • Avoiding major changes to your business finances before applying.

  • Maintaining a strong credit history.

  • Saving for your down payment.

  • Speaking with a mortgage professional early in the process.

​

Planning ahead often provides more flexibility and a wider range of financing options.

bottom of page