Mortgages for Business for Self people

CMHC and Genworth recognize the unique financing challenges of self-employed Canadians.  To help them realize their dreams of homeownership, CMHC and Genworth both offer mortgage loan insurance options for self-employed borrowers without traditional third party validation of income.

Features

• Available for purchases and refinances
• Can finance up to 90% on purchases and up to 85% on refinances
• Best mortgage rates

Requirements

• Great credit
• Proof of business for self
• Gifted down payments are not allowed
• Proof no income taxes are owing

 

CMHC and Genworth Premiums

Loan-to-Value	Premium on Total Loan
Up to and including 75%	1.00%
Up to and including 80%	1.64%
Up to and including 85%	2.90%
Up to and including 90%	4.75%
Up to and including 95%	N/A

*Add 0.20% if you want a 30 year mortgage amortization period.