CALL US: 416-821-6338

Self Employed

Mortgage for self employed Ontario

Toronto Mortgage agent – Mario Lasocha offers mortgage for self employed  through many banks, financial institution and private lenders at most competitive rates – please call 416-821-6338 or email us!

This program is design for self- employed persons who do not report a net income however own registered businesses for at least 2 years and generate sufficient gross income.

The mortgage is based on so called stated income and are properly package to lenders who specialize in Self- employed products.

Please inquire about stated income program for self employed and fill out your  mortgage application today!self employed mortgage

Stated income program basic requirements

Business for self (BFS) applicants (income and non- income qualifying) – must provide evidence of 2 years business activity up front with application

In ALL cases either a copy of the Business Registration License or Articles of Incorporation is required.

If the business is a sole proprietorship or partnership we require:
copies of the past two years full T-1 Generals including the Statement of Business Activities

the most recent NOA

confirmation that all Source Deductions and GST/HST remittances are up to date.
If the business is incorporated we require: 2 years financial statements supported by the most recent NOA

Eligible- self employed mortgage as of March 2013

Business Owners, Realtors, Insurance/Investment Advisors, Contractors, Mortgage brokers
Purchases, Refinances, Owner & Non-owner occupied

Property type eligible under BFS program:

  • Single family detached and semi-detached
  • Single family townhouses and row houses (freehold)
  • Duplexes and Triplexes
  • Registered condominium unit including: high-rise, townhouses and stacked townhouses located in urban centers
  • Properties on well water and septic tanks will be considered provided this is normal for the area.
  • For properties situated on acreage, appraisal report to include a maximum of 10 acres plus dwelling and no out buildings (conventional)
  • For properties with no basement, the minimum square footage is 1,000 Sq. Ft.
  • Seasonal year round access – generally accepted locations for seasonal dwellings to include the Muskoka, Halliburton and the Kawartha regions. In addition all of the Niagara region may be considered. For southwestern Ontario, locations such as Georgian Bay, the Bruce Peninsula to Lake Huron
Please contact our mortgage broker for more information about stated income program for self employed in Ontario.



Why Choose Us?

  • Over 25 Years Of Experience
  • Dedicated To Client Satisfaction
  • Flexible Appointment Availability
  • Fast, Same-Day Response

Follow Us on Twitter

Business Hours

Monday: 9:00 AM to 6:00 PM
Tuesday: 9:00 AM to 6:00 PM
Wednesday: 9:00 AM to 6:00 PM
Thursday: 9:00 AM to 6:00 PM
Friday: 9:00 AM to 6:00 PM
Saturday: By Appointment
Sunday: By Appointment

Contact Us

15 Wertheim Court, Suite 210,
Richmond Hill, Ontario,
L4B 3H7, Canada
Phone: (416) 821-6338