Mortgage for Self Employed. Stated income program.

March 21, 2024 | Posted by: Alex Vinarski

Stated income program for self employed in Vancouver and all of BC. No traditional income verification. We only need to see business registration and 6-12 month bank statements showing deposits from the business. Lender will use stated income. No tax return required. Commission income and tips can be used for income as well. Minimum down payment 20%. This program works for purchase and refinancing. Rental and owner occupied properties are OK. Clients with bad credit also can get a mortgage under this program. Rate from 6.4% 

For clients who can't show any income at all can get private mortgage or Private Home Equity Line of credit. All we need for this is application, credit bureau, and appraisal. Fast funding. 

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