Self Employed Stated Income Mortgage

Self-Employed Canadians - Get Access to Better Mortgage Options With Transparent Mortgages

We work exclusively with self-employed lenders that will assess your business income and cash flow rather than your personal T1 Tax Returns and CRA documents. 

Find the Perfect Self-Employed Mortgage Solution for You

If you need help with customized mortgage solutions, contact Transparent Mortgages! Please complete the form below or call 905 922 7448 to speak with one of our mortgage specialists. We are standing by ready to help and answer your questions. 

Debt consolidation and bruised credit

Can I Qualify for a Mortgage Loan When Self-Employed?

Yes! Mortgage lenders will consider any type of steady income when looking at your bank statement deposits. This includes self-employed income as long as it is stable and consistent. Some examples of self-employment income include business owners, freelance income, contract work, gig work, etc. The most important thing is that the income is ongoing. 

What Are the Benefits of Using Self-Employed Income?

Customizing mortgage options with self-employed income comes with multiple benefits. These can include:

  • Obtaining a larger mortgage amount to get the home you want
  • Easier approval process compared to traditional mortgage lenders
  • 6-month minimum business tenure (traditional banks generally require 2 years of business ownership and tax documents)
  • Save money in the long run
  • 1-5 year fixed year mortgages and 30-35 year amortizations

Transparent Mortgages provides a unique offering to self-employed businesses. The fact that we only require a 6-month business tenure opens the door to many more business owners with securing flexible mortgage options. We provide flexible terms, competitive rates, and have a knowledgeable staff to guide you through the mortgage process. 

What Sets Transparent Mortgages Apart?

The primary difference between Transparent Mortgages and traditional banks is that we are not restricted to one specific lender. For example, certain representatives can only offer mortgages from the bank they work for. They also have their best interests in mind, meaning they won’t be so forthcoming in presenting the best mortgage offers for your specific financial situation. 

At Transparent Mortgages, we source multiple lenders to find the best available option for self-employed people. We compare banks, credit unions, and broker-only lending institutions to give you an array of choices. We compare rates, pre-payment privileges, penalties, and mortgage terms. Self-employed people have unique situations with their income, so they deserve unique mortgage options. 

Our Process

Step One: Contact Us

Fill out our online mortgage application or contact us to speak with one of our mortgage experts. We will ask a few questions to learn more about your situation so we can provide the best possible service based on your unique situation. 

Step Two: We Present Mortgage Options

Once we know more about your financial situation, our team will get to work sourcing the best lenders for self-employed stated income mortgages. Our team can walk you through the terms of each option so you can be confident in making the most informed decision. 

Step Three: Mortgage Funding

We work quickly to process your mortgage so you can move into the home of your dreams. If you are refinancing, we will provide you with your new mortgage terms. 

Secure Your Self-Employed Stated Income Mortgage

Don’t waste time dealing with traditional lenders. Contact Transparent Mortgages to get the funding you need.