Self Employed Mortgage

Are you currently self-employed? If so, that’s fantastic! You’re already on the path to pursuing a career you love. Many self-employed professionals often wonder about their eligibility for a home mortgage, and I have the answers.

To qualify for a self-employed mortgage, most lenders typically require personal tax Notices of Assessment from the past 2-3 years to be included with your mortgage application. If you can provide this proof of income, you can generally access the same mortgage products and rates as traditional borrowers. However, if you’re unable to provide this documentation, you’ll need to have a solid credit history and a minimum down payment of 10%.

Navigating the mortgage process can be a bit tricky for self-employed individuals due to fluctuating income. Qualification criteria, interest rates, and other factors may change over time for those seeking a self-employed mortgage. Contact our mortgage experts today to guide you through the application process for a Self-Employed mortgage.