There is a growing number of Canadians working independently. We have helped many consultants, artists, musicians, actors, restaurateurs, realtors, commissioned sales people, doctors, lawyers, accountants, freelance workers, builders, designers, home renovators, dancers, hairdressers, etc.

The two most important factors are income verification and length of time in the business. We have mortgage products ranging from no income verification to low documentation, and we will recommend one that will meet your needs.

If your reported income qualifies under traditional approval guidelines, you can be self-employed and purchase with as little as 5% down payment.

Should your reported income not qualify you for the mortgage you are seeking, the insurers (CMHC, Genworth, Canada Guaranty) offer mortgage loan insurance options for self-employed borrowers to finance up to 90% of the purchase price (your down payment is 10% only). The insurance premiums are higher than the traditional programs.