Self-Employed Mortgages
Built different? Your mortgage should be too.
Running your own business means control, freedom, and flexibility—your mortgage strategy should reflect that.
At Better Mortgage Select, we specialize in helping entrepreneurs, consultants, contractors, and business owners secure mortgage financing that aligns with how they actually earn. Whether you’re incorporated or a sole proprietor, we understand how to position your application for approval, and more importantly, for success.
When traditional rules don’t apply,
we customize the playbook
Self-employed income doesn’t always show well on paper—especially when you’re managing deductions, reinvestments, and tax strategies. But that doesn’t mean your mortgage options are limited.
At BM Select, we know how to:
- Present your income in a way that lenders understand
- Navigate insurer guidelines (like Sagen) for Business-for-Self programs
- Unlock competitive rates—even with non-traditional income verification
If you’re putting down 10%–20%, we’ll structure the deal to minimize roadblocks. If you’re putting down 20% or more, we can unlock even more flexible, uninsured options with fewer restrictions.
What lenders typically want to see
While every deal is unique, here’s what many lenders look for:
- At least 2 years of self-employment
- A strong credit history
- Proof your taxes are up to date
- Income stated reasonably based on your industry
- A portion of your down payment (at least 5%) from your own funds
We’ll walk you through what’s needed, help package your application, and position you with the right lender based on your file—and your future goals.
Insured business-for-self programs
Certain programs backed by mortgage insurers (like Sagen) can offer:
Up to 90% financing
(as little as 10% down)
Competitive insured rates
Slightly higher insurance premiums vs. traditional income files
These are ideal for business owners with solid credit and stable income—but without the “standard” paperwork.
Alternative lenders = Strategic options
Not every self-employed client fits the big bank mold. If you:
Recently started your business
You may not have an extensive financial history yet, but alternative lenders are open to working with new entrepreneurs who can show potential and consistent income flow.
Declare lower net income
for tax reasons
If you write off business expenses to reduce your taxable income, traditional lenders may see a low net income. Alternative lenders understand this common practice and focus on your gross income or cash flow instead.
Don’t have two full years of
self-employment yet
Most banks require a 2-year minimum self-employment record. Alternative lenders can be more flexible, considering your recent work and financial patterns even if you’re under that mark.
Have strong cash flow but
weak paper-trail income
You may earn well but lack traditional documents like T4s or high tax returns. Alternative lenders look at bank statements, deposit patterns, and business activity to assess your ability to pay.
…then alternative lenders (like Equitable bank, Home Trust, Haventree, and others) might be the better route. These lenders focus on bank statements, deposits, and business trends—not just tax returns. They’re ideal for real-world entrepreneurs who need real-world solutions.
Yes, rates can be slightly higher—but the right strategy can save you far more than chasing the lowest rate with the wrong lender.
Let’s build a mortgage that works
Get pre-approved with a smart, flexible mortgage that fits how you earn, whether you're incorporated or a sole proprietor.
Why work with Better Mortgage Select?
Because experience matters.
We’ve helped thousands of self-employed Canadians, from one-person startups to multi-million-dollar business owners.
Get approved and move forward with confidence.
At BM Select, you’ll work with a dedicated Mortgage Specialist who understands business files, backed by a team that does the heavy lifting with no cookie-cutter approach.
Our experts value your time and protect your bottom line.
We build your mortgage around your income, your goals, and your future—not a pre-set checklist.