Mortgages For the Self-Employed

Common sense lending that takes all of your hard work into account. Or Common sense lending for the doers and the makers.

You’re working hard to build a life of freedom.

You didn’t start your own business just to have some banker block you from owning your own home.  The REVO understands the unique playbook required to get a mortgage for self-employed folks, but our company is founded by self-employed people.

We know what it’s like to have a bank tell you that you don’t fit neatly into their little box and we admire the courage it has taken for you to go out and build your own box.

The REVO team gets to work using your business deposit records as proof of your income and we can use as little as six month’s worth of records to help you get it done.

We’ve developed a process for all of this, because we’ve needed it ourselves.  Get started <hotlink> now, and make REVO an extension of your team, working hard for you.

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Self-Employed Mortgage FAQs & Action Plan:

How much can I qualify for using my deposit records?

It depends mainly on your gross business deposits.

If you keep most of your income in the company in the company and you have at least six months of banking deposit records available, we can get you qualified based on your gross income.  That means you can put that money to work in the business and still qualify for a mortgage.

What do lenders consider qualifying income for self-employed people?

The longer you’ve been at it, the more ways we have to go about it for you.  The line 150 net income average of two years’ tax returns is a well-accepted number, and one that we can inflate by up to 15% based on your recent earnings.  Income can be sourced from dividends, salary, or commissions.

No worries if you’ve been self-employed for less than two years; six months of deposit records is sufficient proof of qualifying income for many of our lenders.

What documentation will I need in order to get pre-qualified?

To get you rolling, our lenders will require the following:

  • Your two previous years of full T1 General's and the associated notices of assessment
  • If you’re incorporated: your whole articles of incorporation
  • If you’re a sole proprietor: your business or HST registration
  • Last six months of bank account statements
If I own a seasonal business, can I still qualify?

Seasonality is no factor. If your income meets the lenders’ requirements, then you are good to go.

I hate rounding up all this paperwork; do you really need it ALL?

One way to simplify the process and reduce your time commitment to it is for you to just connect us with your bookkeeper or accountant and give them permission to share the necessary documentation with us.

There’s a bit of extra legwork involved with getting a self-employed mortgage, but that’s why we’re here, and we’re always happy to help.


We’re here to help and ready when you are.