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Self-Employed Mortgages

Being self-employed can be challenging for home buyers.  We regularly receive information from mortgage brokers about various programs, including those for self-employed buyers.  Here's one example from a lender which, given the competitive nature of the industry, may be indicative of what a self-employed buyer will encounter when seeking a mortgage lender.


A" side Lenders with as low as 10% Down Payment.

This Self Employed program is designed for self-employed borrowers who are unable to provide traditional income verification but have a proven 2-year history of managing their credit and finances responsibly.

Eligible borrowers typically own a small size business for a minimum of two years, which can be confirmed via a third-party arm’s length document.

In addition, the borrower is required to declare their annual income and annual business revenue, which should be reasonable based on the industry, length of operation and type of business.

Minimum 2 trade lines with at least two (2) years history
• No mortgage, installment or revolving credit delinquencies appearing on the credit bureau in the past 12 months
• No reported defaults on residential mortgages for the past 7 years
• No previous bankruptcy

"B" Side lending with as low as 20% Down payment

• Business must be over 12 months old
• 6-12 Months Business Bank Statements required.
• Competitive rates


If you would like to know who this particular lender is, please contact us.

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