Self-Employed Solutions
Qualification and available mortgage solutions can vary depending on your financial circumstances and lender requirements. For self-employed borrowers, documentation and income assessment often work differently.
Your income looks different. Your mortgage options can too.
Different documentation
Lenders assess self-employed income differently. Knowing what to prepare makes a real difference.
A range of lender approaches
Different lenders treat business income in different ways. Some options may fit your situation better than others.
Plan ahead
How you structure your income and finances can affect qualification. Early conversations help.
Talk it through first
Every self-employed situation is unique. A consultation is the best way to understand your real options.
Frequently asked questions
Can I get a mortgage if I'm self-employed?
Yes. Many lenders offer mortgage solutions for business-for-self borrowers. Income can be verified through traditional documentation, such as two years of Notices of Assessment and financial statements, or through alternative programs.
Depending on your situation, options may include bank-statement programs, where lenders review business deposits — often using 12 months or more of business bank statements — or stated-income programs that use a reasonable income declaration based on your business and industry.
What if I write off most of my income?
Write-offs reduce the income lenders can use, which lowers your qualifying amount. Some lenders accommodate alternative documentation for self-employed borrowers, typically with different rate and down payment requirements.
How far ahead should I plan?
Ideally a year or two, because how you report income affects qualification. If you're closer than that, a conversation now still helps you prepare the right documents.
Related pages and tools
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