Home Purchases

Home Purchase Mortgages in BC | Bank, Stated Income, & Private Solutions

Buying a home is exciting, but securing the right financing can be challenging. Whether you're a first-time buyer, self-employed, or have unique financial circumstances, I have a solution for you. As your mortgage broker, I specialize in three main paths to home ownership, ensuring you find the perfect fit for your situation.

Your 3 Path to Home Ownership

1. Regular Bank Mortgage (Best Rates)

Ideal for borrowers with stable income and good credit who meet traditional lending standards.

• Minimum Down Payment:

  • 5% for properties under $500,000.

  • 5% on the first $500,000 + 10% on the portion above $500,000 for properties up to $1,500,000.

  • (e.g., On a $800,000 home: 5% of $500k = $25,000 + 10% of $300k = $30,000 → $55,000 total down payment)

• Requirements: Good credit (650+ score), verifiable income (T4s, tax returns, pay stubs), and a manageable debt-to-income ratio.

• Best For: Employees with a steady paycheck and a strong credit history.

➤ Get a Pre-Approval Today & Lock In the Best Rate

2. Stated Income Mortgage (For Self-Employed & Commission)

A flexible solution for business owners, contractors, and those with commission-based income who have difficulty documenting their full earnings.

• Minimum Down Payment: 20%

• No Tax Returns Required: Lenders use your 6-12 months of business bank statements to qualify you, not your tax filings.

• Credit: Bad credit is often acceptable. The focus is on your down payment and business cash flow.

• Best For: Self-employed individuals, freelancers, and those with significant write-offs who need a bank-quality mortgage without the traditional paperwork.

➤ Find Out How Your Bank Statements Can Get You Approved

3. Private Mortgage (Fast & Flexible)

When time is critical or traditional options aren't available, a private mortgage provides a fast, equity-based financing solution.

• Minimum Down Payment: 25% (20% considered on exception).

• No Income Verification: Your ability to get the mortgage is based on the property's value and your equity, not your job or income history.

• Simple Process: Typically, all we need is a completed application, a credit bureau, and an appraisal.

• Credit: Any credit situation is accepted (bankruptcies, consumer proposals, etc.), as long as the deal makes sense.

• Best For: Urgent purchases (to avoid losing a deposit), borrowers with major credit issues, or those with complex financial situations that banks can't accommodate.

➤ Get a Same-Day Mortgage Commitment & Close In Days

Why Work With Me?

• Access to All Options: I work with over 50+ lenders, including major banks, B-lenders, and private lenders.

• Expert Advice: I'll honestly tell you which option is best for your long-term financial health, not just the easiest short-term fix.

• Stress-Free Process: I handle the negotiations and paperwork, making your home purchase journey smooth and simple.

Ready to Find Your Best Mortgage Solution?

Don't guess which option is right for you. Contact me for a free consultation, and I will personally guide you to the best path for your home purchase.