Self-Employed?

Are you Self Employed and need a mortgage?

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Self-employed and trying to buy a home in Ontario?
If you’re an entrepreneur, business owner, or contractor and you’re confused about mortgage qualification rules, you’re not alone.

Here’s the truth about getting a mortgage in Ontario when you’re self-employed:
It’s totally doable… but lenders use different rules than they do for salaried employees.

Most lenders look at your last two years of income (often averaged), and they focus on what shows up as income after expenses on your taxes, not your gross revenue.

So if your business is thriving but you wrote off a lot of expenses, your income on paper can look way lower than your actual cash flow. That can reduce what you qualify for, even when you’re doing everything “right.”

✅ What lenders typically want for a self-employed mortgage in Ontario:
• 2 years of T1s + Notices of Assessment
• T2125 if you’re a sole proprietor
• T2s / corporate financials if you’re incorporated
• Strong credit + funds in the bank (reserves)

My advice: If buying is a 12–24 month goal, plan early and talk to a mortgage pro before you fall in love with a property.
Self-employed women buy homes every day in Ontario. The difference is prep, documentation, and the right team.

DM me “SELF EMPLOYED” and I’ll tell you what to get lined up for your mortgage approval.