Mortgage for self-employed workers
Getting a self-employed loan can seem complicated when you don’t have a pay stub or stable income. At JA Mortgages, we help freelancers, entrepreneurs and self-employed workers access self-employed financing through flexible solutions tailored to the realities of their journey.
Getting a loan as a self-employed person
01
Declared income and eligibility
Self-employed workers often need to demonstrate financial stability in ways other than with a pay stub. We review your declared self-employment income (e.g., T2125 form) and your self-employment tax file to confirm your borrowing capacity and your chances of approval.
02
Documents required for approval
A strong self-employed tax file is key: - Income tax returns (usually two years). - Your business's financial statements (if applicable). - Recent bank statements. - Contracts or proof of future income (if applicable). These documents help reassure banks reviewing self-employed applications and prove your ability to handle your mortgage payments.
03
Alternatives to proof of income
If your income is variable or difficult to verify, some lenders accept alternative proof of income (average bank deposits, letters from accountants, recurring employment contracts). This is not a no-income-proof loan, but rather a different way of assessing the reliability of your income.
Tailored financing solutions
Fixed-rate or variable-rate loans
As with any mortgage, you can choose between a fixed rate (payment stability) or a variable rate (potential savings but more risk). The choice depends on your financial goals and your risk tolerance.
Partner institutions
We work with several lending banks and alternative lenders to help find you a mortgage solution without traditional salaried employment. This also includes programs for freelancers, professionals in private practice, self-employed workers, and entrepreneurs.
Examples of accepted profiles
Freelancers with variable income but stable banking history. Independent professionals with tax returns and long-term contracts. Entrepreneurs with solid financial statements, even when taxable income is tax-optimized. Self-employed workers reporting regular income through recurring invoicing. Independent consultants with renewable mandates from corporate clients. Small business owners generating positive cash flow despite modest personal compensation.
WHY JA MORTGAGES
Why choose JA Mortgages
Flexible support
We understand the realities of self-employed workers: irregular income, special tax considerations, and a larger down payment sometimes required. We build a tailored application that highlights your financial strengths.
Expertise in atypical cases
Our experience with no-pay-stub financing and unstable income allows us to advocate for your application with lenders. We guide you step by step, from the loan application to the final negotiation.
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