Mortgage for Self-Employed Workers in Quebec
Getting a mortgage as a self-employed worker is entirely possible. Your file simply needs to be presented with more structure. We help you prepare it and present it to the right lenders.
Start my pre-qualificationWhy this type of file needs more preparation
Your income can vary from year to year, and your business expenses often reduce your declared income. The lender therefore looks at your whole situation, not just a pay stub.
How your income is assessed
Lenders mainly rely on your declared income for the last few years. Some lenders have programs adapted to self-employed workers. As a broker, we compare several lenders to find the one that best understands your profile. A refusal from your bank does not close every door: other lenders assess self-employed files differently.
Pre-qualification or pre-approval?
Pre-qualification gives you a first idea of your borrowing capacity. Pre-approval goes further, with an analysis of your documents, according to the lender's conditions.
Tips to prepare your application
- Keep your tax returns up to date.
- Keep your personal and business accounts separate.
- Limit new debts before applying.
- Talk to us early, before shopping for a property.
Documents often required
- ID
- Notice of assessment
- T1 General
- Financial statements or business documents, if applicable
Frequently asked questions
Can I get a mortgage if I recently became self-employed?
Yes, it is possible depending on your situation and the lender. We assess your file with you.
My declared income is low because of my expenses. Is that a problem?
Not necessarily. Some lenders take this reality into account. That is exactly where a broker makes the difference.
Is the service free?
Yes, for a standard lender. And no, for an alternative or private lender.
Let's talk about your file
100% online service, everywhere in Quebec.