Business owners and contractors often show less taxable income on paper than they really earn. We work with lenders who specialize in self-employed borrowers and know how to look at your full financial picture.
Self-Employed at a glance
Guide
Income history
Documentation
Lender types
Who it suits
Figures are general guidelines; your options depend on your situation.
Clear communication at every step, so you always know what's happening next.
We look at your returns, financial statements and business deposits together.
We decide which lenders and programs fit your profile best.
We prepare a clear, lender-ready application that tells your story.
We secure financing and map out how to improve your options at renewal.
A few key points we'll walk through with you before you make any decisions.
Two years of T1 Generals and Notices of Assessment are common. Incorporated owners may also need financial statements.
If traditional lenders don't fit, alternative lenders may consider bank statements or stated income, usually at a higher rate.
If you're buying in the next year or two, talk to us before you file taxes — we can help you understand the trade-offs.
Don’t see your question here? Give us a call — we’re happy to talk it through.
Sometimes. If you've stayed in the same industry, some lenders will consider a shorter history. We'll review your situation.
Not necessarily. Many self-employed borrowers qualify with major lenders. When an alternative lender is the better route, we'll explain the costs clearly.
It depends on the program. Traditional insured mortgages can start at 5%, while some alternative programs require 20% or more.
This page is for general information only and isn’t financial advice. Mortgage rules, program limits and lender requirements change and depend on your situation; all financing is subject to lender approval. Koru Financial Group Inc. — FSRA Brokerage #12726.