Can I qualify if I write off a lot of expenses?

Yes. ALTA/insured and stated income programs let lenders look at deposits, cash flow, and overall strength — not just your taxable line income.

Do I need 2 years in business?

Many lenders prefer 2 years, but options exist for 1+ year with strong credit, consistent deposits, and a sufficient down payment.

Can I use bank deposits instead of tax income?

Yes. Stated income programs qualify you using 6–12 months of business or personal bank deposits, ideal when T1 income is low due to write-offs.

What if my income changed recently?

Lenders will review the trend. If income grew recently, recent bank statements and a letter of explanation can help contextualize the change.

How much down payment do I need?

ALTA/insured programs start at 10% down. Stated income programs typically require 20% or more.

What credit score is usually needed?

Most programs look for 620–680+. A stronger score opens more lender options and better rates. We work with your current profile and advise on improvements if needed.

For Self-Employed Borrowers

Self-Employed Mortgage, Made Simple

Qualify using bank deposits, stated income, or insured programs — even if your tax income looks low.

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Three ways self-employed borrowers qualify

Every business structure is different. We match you to the right path.

10% down

ALTA / Insured

2 years business history + tax filings
Great if you write off expenses
Insured approval pathway

Best for: Business owners with 2+ years filing history

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20% down

Stated Income

Income supported by bank deposits (6–12 months)
Flexible for incorporated / sole prop / contract
Strong option when T1 income is low

Best for: Incorporated, sole prop, or contract workers with low T1

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Lowest rates

Traditional Qualification

Uses T1 / NOA and add-backs where allowed
Works best with consistent declared income
Often the lowest rate options available

Best for: Business owners with consistent declared income

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How it works

Three simple steps from conversation to approval.

Tell us your business type

Sole prop, incorporated, contractor, or gig — we start with your structure.

Share documents or statements

T1s, bank statements, or contracts — we guide you on exactly what's needed.

We match a lender and get approval

We shop 30+ lenders and present you with the best fit for your situation.

Tell us your business type

Sole prop, incorporated, contractor, or gig — we start with your structure.

Share documents or statements

T1s, bank statements, or contracts — we guide you on exactly what's needed.

We match a lender and get approval

We shop 30+ lenders and present you with the best fit for your situation.

What lenders look at

Beyond your tax return — the full picture matters.

Deposit consistency

Credit history

Down payment source

Business stability

Debt ratios

Property details

Document checklist

Requirements vary by program. Here's what to expect by business type.

Not sure what applies to you? Contact us and we'll walk through it together.

FAQ

Common questions from self-employed borrowers.

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Investment | Portfolio Growth

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No obligation. No pressure. Just a clear picture of your options.

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