Mortgages for Self-Employed

If you're self employed or a business owner — is your mortgage process different? Get clear details and advice on your best mortgage path, with the best rates.

Find the right mortgage that fits your business income.

We have the lending answers for you, and the better rates to go with it.

You declare your earnings in a different way than typical mortgage applications, so naturally, your mortgage requirements are a bit different.

At True North Mortgage, our salaried, expert brokers can offer you lending options through our in-lender, THINK Financial that don't require traditional third-party validation of income. This type of mortgage typically requires a minimum of 35% down — however, it can be done for as little as 10% down through Sagen’s Business for Self (Alt. A) program.

Plus, we pass along our volume discount, for a rate advantage that makes good business sense. A few minutes with us could save you thousands, and our super smooth process will save you time and stress.

Don't just take our word for it, our clients have the last (positive) word on our unbeatable service, giving us the most 5-star reviews in the mortgage industry.

The features of Sagen's Alt. A Program to help secure your mortgage financing

  • Available for purchases and refinances
  • Can finance up to 90% on purchases
  • Competitive mortgage rates apply
  • Insurance premiums are slightly higher than standard premiums

Requirements they look for (reviewed on a case-by-case basis):

  • Great credit
  • Minimum of 2 years Business-For-Self tenure
  • Income stated must be reasonable
  • Minimum of 5% of your down payment must come from own resources
  • Proof that no income taxes are owing
  • Additional requirements may apply

A larger down payment provides you with more flexibility

In this case, lenders will be able to offer more flexibility in looking at your numbers, such as your source of income, length of time you've been self-employed, and your credit score.

Premium Rate Top-Up Premium
LTV Ratio up to 65% 1.50% 3.00%
LTV Ratio 65.01% - 75% 2.60% 6.50%
LTV Ratio 75.01% - 80% 3.30% 7.00%
LTV Ratio 80.01% - 85% 3.75% 7.50%
LTV Ratio 85.01% - 90% 5.85% 9.00%

It's easy to get a hold of us.

Talk to one of our friendly True North Mortgage brokers, start an online chat (click on the chat bubble!), or use our simple, easy online application below to get started.

We'll get back to you shockingly fast.