We offer low rates and excellent mortgage options specifically designed for self-employed individuals. We understand the unique challenges that self-employed individuals face when it comes to obtaining a mortgage, and our goal is to make the process as smooth and effortless as possible.

One of the key benefits we offer is fast mortgage approval, even for self-employed individuals who may have previously been declined. We understand that traditional lenders may be hesitant to approve mortgages for self-employed individuals due to their fluctuating income, but we take a different approach. We consider the reduced taxable income resulting from claimed expenses, allowing us to provide mortgage options that take into account the true financial situation of the borrower.

For those self-employed individuals with significant expenses that impact their qualifying income, our Stated Income mortgage option can be incredibly useful. This program allows borrowers to state their income without providing extensive documentation, making it a convenient option for those who have difficulty proving their income through traditional means.

We also accept dividend and investment income as part of the qualifying income for self-employed individuals. We understand that many self-employed individuals may rely on these sources of income in addition to their business income, and we take this into consideration when evaluating mortgage applications. However, stability and proof requirements are necessary in order to ensure the viability of these income sources.

When applying for a mortgage as a self-employed individual, it is important to provide the necessary documents to support your application. These documents typically include the Notice of Assessment, T1 Tax Statement, proof of principal ownership in the business, contracts or financial statements, and a copy of the Article of Incorporation or business license.

We have access to top Canadian lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. These lenders accept reasonable income estimates for self-employed individuals, ensuring that you have a wide range of options to choose from.

If you are a self-employed individual and are interested in mortgage options tailored specifically for Business For Self (BFS) borrowers, we encourage you to give us a call. Our experienced team will work closely with you to understand your unique financial situation and provide you with the best mortgage options available.