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Talking About Mortgages for Self-Employed

There are a few extra steps to mortgage approval when you’re self-employed. Don’t worry, we’re here to help!

Don’t feel like watching? You can read the video transcript below.


“Being self-employed it can be more challenging to get approved for a mortgage. When you’re self-employed you need to prove your income. If you have two years average of your income you would be treated the same as an employed person. Many self-employed borrowers have lower income on paper to reduce their tax liabilities but that becomes more challenging when you’re trying to get a mortgage.

We either need to have a two year average of your income tax and your notice of assessment or you need to go through a stated income program. A stated income program is a program designed for self-employed borrowers for them to be able to get approved for a mortgage when they don’t have the income on paper required for the mortgage. It’s a myth that self employed borrowers cannot be approved for mortgages. We’re here to navigate that path to mortgage approval. Feel free to stop by the office or give us a call today.”

Have more questions? Feel free to contact us!

Normally you can find this at retail stores across Halifax and Dartmouth, but we wanted to make it even easier for you to get a copy.

The entire guide is available online to view or download, and to make sure you’re staying safe at home, you can now request a print copy by mail, free of charge, anywhere in Nova Scotia!