📈 Self-Employed Mortgage Solutions in Toronto & the GTA

Luckily, banks aren’t your only option. There are lenders who specialize in self-employed borrowers and look at the big picture instead of just your tax return.

• Stated Income Programs: Lenders consider reasonable income based on your profession and business cash flow.
  

• Business Bank Statement Programs: Use 6–12 months of bank deposits to verify income instead of T4s.
  

• B-Lenders: More flexible than banks, willing to accept higher debt ratios or lower credit scores.
  

• Private Mortgages: Short-term solutions if you need fast financing or don’t fit standard guidelines.
  

👉 We’ll review your business structure and financials to place you with the right lender — instead of trying to squeeze you into a bank’s box.

The documents required depend on the lender type, but here’s a breakdown:

Traditional Bank (A-Lender):

• 2 years of personal Notices of Assessment (NOAs)
  

• 2 years of business financial statements
  

• Proof HST and payroll remittances are up to date
  

• Business license or incorporation documents
  

Alternative Lenders:

• 6–12 months of business bank statements
  

• Recent contracts, invoices, or client agreements
  

• Accountant-prepared financial letters
  

• Proof of ongoing self-employment income
  

Private Lenders:

• Minimal paperwork — focus is on the property value, equity, and exit strategy
  

👉 The key is matching your documents to the lender’s expectations — something we do every day for our self-employed clients.

1. The Contractor in Mississauga
   Income reported on taxes: $40,000 (after write-offs)
   Actual deposits: $120,000/year
   Bank declined → B-lender approved using bank statements.
   ✅ Purchased a $700,000 townhouse with 20% down.
   

2. The Freelance Graphic Designer in Toronto
   Filed first year of taxes, but not two years.
   ✅ Approved by an alternative lender using contracts + bank deposits.
   

3. The Restaurant Owner in Hamilton
   COVID losses dragged down tax returns.
   ✅ Private lender approved a short-term mortgage until finances stabilized.
   

Already own a home? Refinancing can unlock equity and reduce monthly costs — even if the banks have said no.

• Debt consolidation: Roll credit cards or loans into your mortgage at lower rates.
  

• Cash-out refinancing: Use equity to fund business growth or personal investments.
  

• Second mortgages or HELOCs: Flexible financing for renovations, vehicles, or working capital.
  

• Banks = limited options. They want two years of perfect T1s and T4s.
  

• We = 50+ lenders. Including those who understand how entrepreneurs really earn.
  

• Flexible solutions. From stated income to private financing, we’ll structure the mortgage that works for you.
  

• Future-proofing. As your business grows, we’ll keep adjusting your mortgage strategy to fit.
  

• ✅ Specialists in Entrepreneur Mortgages: Contractors, freelancers, business owners, gig workers.
  

• ✅ Creative Solutions: From stated income to B-lender programs.
  

• ✅ Investor-Friendly: If you’re both self-employed and a real estate investor, we’ll structure both sides of your portfolio.
  

• ✅ Local GTA Expertise: Toronto, Mississauga, Oakville, Burlington, Hamilton.
  

• ✅ Step-by-Step Support: We’ll guide you from pre-approval to closing with zero confusion.