Are you self-employed and in pursuit of the perfect mortgage to make your homeownership dreams a reality? We can help self-employed individuals secure the best mortgage options by providing expert guidance.

The Self-Employed Challenge

Self-employment comes with incredible freedom, but when it comes to mortgage applications, it can be a complex process. Traditional lenders often require extensive documentation, making it challenging for self-employed individuals to qualify.

Why Choose Us?

Expert Guidance

Our team is well-versed in the unique financial situations of self-employed individuals. We work closely with you and your accountant to ensure your income is correctly documented for mortgage lenders, maximizing your chances of approval.  For Self Employed, generally the minimum down payment is 10% of the purchase price up to $1M purchase price with a credit score over 680.  If this is not the case, there are still options with an Alternative Mortgage that has more relaxed guidelines than going through the stress test.  In this case, borrowers need a minimum of 20% down payment.

Personalized Solutions

We understand that no two self-employed individuals have the same financial profile. We tailor our solutions to your specific needs, making your path to homeownership as smooth as possible.

Access to Lenders

Our vast network of lenders specializes in mortgage solutions for the self-employed. We have the connections to find the perfect mortgage options for you.

Solutions for Various Ways of Income 

  • Incorporated: If you are incorporated and T4 yourself or pay dividend income, as long as you are a director of the company, the banks will use a 2 year average of the income you claim on your personal tax return
  • Sole Proprietor: If you are a sole proprietor, the bank will use a 2 year average of your declared income on your tax return after all expenses have been deducted.  They will take that number and then add 15% and that is the number that will be used to qualify
  • Stated Income: There are programs that are available for those that have been in business two years or longer, can verify the business is active and the banks will allow you to use an income to qualify for your mortgage by adding back some of the expenses you have used on your tax returns
  • Commission Income: Whether you are paid by contract or commission, there are solutions for all types of situations

Take Control of Your Mortgage

Let us help you take control of your mortgage journey. We provide the guidance and support you need to properly claim your income, ensuring you access the best mortgage options.

Contact Us Today

Ready to embark on your journey to homeownership? Contact us today, and let’s get started on securing the best mortgage for your unique self-employed situation.

604.552.6190

support@primexmortgages.com