Self-Employed Mortgages
Mortgages for independent professionals.
Whether you’re an incorporated business owner, sole proprietor, commissioned salesperson, or contract worker, we have tailored mortgage solutions to help you own a home — without the red tape.
Two Smart Mortgage Options for Self-Employed Canadians
Choose the mortgage program that fits your financial profile best.
Self-Employed Mortgage Program Comparison
Features
ALTA Insured Mortgage Program
Stated Income Mortgage Program
Minimum Down Payment
10%
20%
Income Verification
Based on tax returns for the past 2 years
Based on 6–12 months of bank deposits
Business History Requirement
Minimum 2 years with tax filings
Business must be active, but tax returns not required
Insurance Requirement
CMHC, Sagen, or Canada Guaranty insured
Not insured (conventional mortgage)
Best Suited For
Self-employed individuals writing off expenses
Self-employed with fluctuating or cash-based income
Amortization
Up to 25 years
Up to 30 years
Credit Score Requirement
Typically 680+
Varies by lender; usually 600+
Interest Rate Type
Insured rates (usually lower)
Alternative rates (may be slightly higher)
Documentation Needed
2 years T1 Generals, NOAs, Business License, Financial Statements
6–12 months bank statements, ID, Business License
Who It’s For
Those who can show income on paper but write off many expenses
Those who can't prove income traditionally but earn consistently
Why Self-Employed Canadians Choose Us
- Expert mortgage planning for self-employed individuals
- Programs for low-taxable income due to write-offs
- No traditional pay stubs or employer letters required
- Flexible qualification based on bank activity
- Personalized service and fast turnaround
Can’t Qualify for a Traditional Mortgage?
If you’re someone writing off a lot of expenses and finding it hard to qualify for a mortgage through your bank, these programs are designed for you. We’ll help you qualify using the income you’re actually earning, not just what’s left after deductions.
Frequently Asked Questions
Do I need to be incorporated to qualify?
No. These programs are open to sole proprietors, incorporated business owners, freelancers, contractors, and anyone who is self-employed.
What if I don’t show enough income on paper?
The ALTA and Stated Income programs are built for that. We look at gross income, deposits, or use insured products that accept tax write-offs.
Can I buy a home with just 10% down?
Yes, under the ALTA program (if insured by CMHC, Sagen, or Canada Guaranty) and if you meet the eligibility criteria.
Let’s Make Homeownership Happen
Speak to a mortgage professional who understands your business income and knows how to get your file approved.
Contact us now for a free consultation and take the first step towards financial freedom.