Self Employed Mortgage

We provide creative self-employed Mortgage financing solutions!

Freedom Capital
Play Video

Do you need a self-employed mortgage?

If any of these apply to your situation, Freedom Capital can help. At Freedom Capital, we pride ourselves on providing immediate financing and custom solutions for every client. Our financing experts ensure the borrower receives the solutions they need.


Freedom Capital is a private mortgage brokerage determined to provide each borrower with immediate, easy and adequate financing that makes sense for your situation. We take pride in helping self-employed individuals in Canada in acquiring self-employed mortgages with a simple and ‘common sense’ approach method.
Private financing firms have become a borrower’s first preference in Canada for one reason: they offer immediate access to funds even for the most challenging clients. At Freedom Capital, our core strength is our pioneering and creative approach to providing self-employed mortgage solutions. We provide an alternative from the banks and credit unions to our self-employed clients.


private second mortgage

We say Yes When Banks Say No

If your application was denied by the banks, Freedom Capital can help. We cater to every client, irrespective of their financial situation, and help borrowers access the funds they need. If you are a self-employed individual who has been turned down by credit unions due to your profession, Freedom Capital should be your go-to. We do the deals the banks don’t do.

self employed mortgage loan

Extensive Network of Lenders

Our network of lenders is ready to immediately finance deals, irrespective of how hard it may be. With reasonable mortgage terms, simple application processes and immediate financing, Freedom Capital can give you the self-employed mortgage you need. Our committed team ensures borrowers can find a solution to their financial situation.

self employed mortgage requirement

Common Sense Lending

Our focused, common-sense lending has made Freedom Capital an ideal choice for private/alternative mortgages. We understand that self-employed individuals should have easy access to funds to fuel their businesses and finance their goals. Unlike banks, we understand every borrower’s situation and take the time to properly examine their potential.

Why Choose Freedom Capital for a Self-Employed Mortgage?

If your answer to any of these was YES, then Freedom Capital is the best private mortgage brokerage for you. At Freedom Capital, our experts are available round-the-clock to help you with your unique self-employed financing requirements. So, self-employed individuals who generally have a hard time acquiring mortgages can get their mortgage request approved within no time at Freedom Capital.
Freedom Capital Logo
Getting a self-employed mortgage in Canada is hard for freelancers, self-employed workers, and contractors, but not impossible. As long as your mortgage request fulfils all the requirements set forth by your private alternative mortgage firm, the chances of getting your mortgage denied are minimal.
When it comes to banks and credit unions their requirements are generally as follows:
Gathering the documentation for these requirements can be a tedious process. At Freedom Capital, we save our client’s time and money with relatively less paperwork and a common-sense approach. Our team at Freedom Capital is also self-employed. This is why we understand your situation and do our best to help you fulfil your financial needs.

Funded by Us

Recently Funded


Most frequent questions and answers
Getting a self-employed mortgage in Canada is hard for freelancers, self-employed workers, and contractors, but not impossible. As long as your mortgage request fulfils all the requirements set forth by your private alternative mortgage firm, the chances of getting your mortgage denied are minimal.
Yes! As long as you have the required equity, you have a strong chance of getting approved. The best way to determine whether or not you can qualify for a self-employed mortgage is to call our mortgage consultants at Freedom Capital.
At Freedom Capital, we have an extensive network of lenders who are always ready to fund even the most challenging of your deals immediately. We have no specific range that we cater to when it comes to self-employed financing, from small to multi-million dollar mortgage deals, we fund all your unique financing needs.

Stated income mortgages, also known as “no-doc” or “low-doc” mortgages, allow borrowers to state their income on their loan applications without providing extensive documentation to verify their income.

The main reason for using stated income for mortgages was to simplify the loan application process and make it more accessible to self-employed individuals and those with non-traditional sources of income. In some cases, individuals with high income but irregular or complex income streams found it difficult to document their earnings through traditional means, such as pay stubs or T1 or T1A forms. Stated income loans provided an alternative for such borrowers by allowing them to state their income without extensive documentation.

When it comes to self-declared income, there are specific steps and information required to complete the declaration process. To ensure accuracy and compliance, individuals must fill out a declaration form or draft a letter, which may also require a witness during the signing process. The following key details will be requested as part of the declaration:

  • Gross Earnings or Net Income of the Previous Year:

To begin the self-declared income declaration, individuals will need to provide the gross earnings or net income earned during the previous year. This figure serves as a crucial starting point for assessing one’s financial standing and determining their income tax liability.

  • Name and Address of the Business:

In addition to income details, the declaration form or letter will ask for the name and address of the business associated with the self-declared income. This information helps establish the source of the income and enables proper identification of the business entity.

  • Nature of Business:

Elaborating on the nature of the business is essential to provide a comprehensive understanding of the individual’s professional activities. Whether it’s consulting services, freelance work, or entrepreneurial ventures, clearly stating the nature of the business ensures transparency and accuracy in the declaration process.

  • Years in Business:

Indicating the number of years the individual has been involved in their business endeavors is a vital component of the self-declared income declaration. This detail showcases the level of experience and stability in the industry and adds credibility to the income reported.

  • Number of Employees:

If the self-declared income involves a business that employs other individuals, the declaration form may require the disclosure of the number of employees within the organization. This information offers insights into the size and scale of the business operations and helps evaluate the individual’s financial capacity.

  • Percentage of Business Ownership:

For partnerships or businesses with multiple owners, specifying the percentage of business ownership is necessary. This detail clarifies the extent of the individual’s stake in the enterprise and provides a comprehensive view of their involvement and financial interest.

  • Retained Earnings for Corporations:

In the case of corporations, it is crucial to include the retained earnings figure in the self-declared income declaration. Retained earnings represent the portion of the company’s profits that are reinvested or retained for future growth and expansion. Reporting these earnings accurately ensures compliance with financial regulations and taxation requirements

Mortgage default insurance plays a significant role in determining the loan-to-value ratio (LTV) that lenders are willing to offer borrowers. With mortgage default insurance, borrowers have the opportunity to secure financing for up to 95% of the home’s value, providing a higher level of leverage. On the other hand, without insurance, borrowers are typically limited to borrowing up to 80% of the home’s value, requiring a larger down payment.

The same principles of mortgage default insurance extend to self-employed individuals seeking mortgage financing. The Canada Mortgage and Housing Corporation (CMHC), one of the primary providers of mortgage default insurance in Canada, imposes specific debt service ratio limits for self-employed mortgages. These limits ensure that borrowers can afford their mortgage payments while managing their overall debt obligations.

While it is true that lenders generally prefer to see a track record of at least two years of self-employment income, being recently self-employed doesn’t necessarily disqualify you from obtaining a mortgage. However, it’s important to note that securing a mortgage as a recently self-employed borrower can be more challenging, requiring additional documentation to demonstrate your financial stability and ability to repay the loan.

Lenders consider a variety of factors when assessing the eligibility of recently self-employed borrowers for a mortgage. These factors may include the industry you operate in, the stability of your income, and the prospects for continued success in your self-employment venture. Although there is no strict rule regarding the minimum duration of self-employment, lenders typically prefer to see a reasonable track record to gauge the sustainability of your income.

If you’re self-employed and seeking a mortgage without having to provide proof of income, there are options available to you. Two mortgage default insurers in Canada, Sagen and Canada Guaranty, offer the opportunity to obtain a self-employed mortgage through their stated income mortgage programs. These programs allow borrowers to state their income without the need for extensive documentation.

To qualify for a self-employed mortgage without proof of income, you would typically need to make a down payment of at least 10% and work with a lender that partners with either Sagen or Canada Guaranty. These insurers provide the necessary coverage for lenders who are willing to offer mortgages based on stated income, providing an alternative option for self-employed individuals who may have difficulty providing traditional proof of income documents.

While it is commonly believed that self-employed mortgage rates are typically higher than those for traditional mortgages, it is important to note that there is no fixed rule dictating that self-employed rates must be higher. Like any mortgage, the rates for self-employed borrowers are influenced by various factors, including the borrower’s financial situation, creditworthiness, and the specific terms of the mortgage.

In general, the better your financial situation as a self-employed individual, the higher the likelihood of securing a lower mortgage rate. Lenders consider factors such as your credit score, income stability, debt-to-income ratio, and the overall strength of your business when determining the mortgage rate. If you can demonstrate a solid financial profile and a history of consistent income, lenders may offer you more favorable rates. 

Scroll to Top