Self Employed Mortgage Ontario Canada

Reverse Mortgage Broker In Ontario

As a self-employed individual in Ontario, you may face unique challenges when it comes to securing a mortgage. At DLC Homestead Financial, we understand these challenges and are dedicated to providing personalized solutions to help you get the financing you need.

Why Use a Mortgage Broker for Your Self-Employed Mortgage?

Whether you’re purchasing or refinancing, navigating the complex process of obtaining a self-employed mortgage can be overwhelming, which is why it is beneficial to use the services of a mortgage broker. A mortgage broker has access to multiple lenders and a broad knowledge of the mortgage market.

We know which lenders specialize in self-employed mortgages, and have more favourable guidelines for the self-employed so we can get you approved for the highest mortgage amount with the best deal possible. This is our specialty.

We will find you the lender that is best suited to your situation. As your broker, we will help you understand the requirements and provide the necessary support and guidance throughout the mortgage process.

Find the Right Mortgage That Fits Your Business Income

One of the main issues self-employed individuals face is the difficulty in proving their income. Many business owners are motivated to expense as much as possible in order to minimize their taxes payable, which is not always recognized by lenders. This can make it difficult to provide the necessary proof of income required to obtain a mortgage.

As a self-employed individual, you may find it difficult to provide the standard proof of income required by most lenders. However, this does not mean you are unable to obtain a mortgage. At DLC Homestead Financial, we can help you find a mortgage solution that fits your business income and allows you to finance your dream home.

Documents Required for Self-Employed Mortgage

In order to qualify for a self-employed mortgage, you will typically be required to provide certain supporting documents along with your mortgage application. These may include personal tax returns and Notices of Assessment from the past 2-3 years, financial statements for your business, proof that your HST and/or GST is paid in full, contracts showing expected revenue for the coming years, your personal and business bank statements, and proof that you are a principal owner in the business.

Once we understand your goals and have your information we will let you know exactly what could be possible and what documents will be required.

Unable to Provide Standard Proof of Income?

If you are unable to provide the standard proof of income required by most lenders, you may still be eligible for a self-employed mortgage. At DLC Homestead Financial, we are experienced with stated income mortgages, which allow you to qualify for a mortgage based on the income stated on your application, without the need for traditional proof of income.

Stated Income Mortgages Canada

At DLC Homestead Financial, we understand that self-employed individuals may face unique challenges when it comes to providing proof of income documents. As stated income mortgage experts, we can help you get a mortgage without the need for traditional proof of income.

Minimum Down Payment When Purchasing in Canada for The Self Employed

The minimum down payment required for a self-employed individual to obtain a mortgage in Canada is typically 5% if you are able to provide proof of income documents and 10% if you are unable to provide proof of income documents. However, this may vary depending on the lender and the specific mortgage product you are applying for. It is important to speak with a mortgage broker to understand the requirements and find a mortgage solution that fits your unique situation.

Refinancing When You’re Self Employed in Canada

If you’re self employed and your goal is to refinance your existing mortgage we can help. As experts in mortgages for the self-employed, we can assist you in getting the best deal, and with and approval for the highest mortgage amount.

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Client Testimonials

“Dominion Lending was able to help my family get out of our financial situation very quickly and very professionally. Catherine was able to secure a lender for us when other company's were not able. We highly recommend using her company.”


“Our experience in dealing with Catherine Evel for obtaining our mortgage was nothing short of excellent. All our questions or concerns, which were many, either sent by email or phone calls were returned promptly. Catherine is a true professional and we highly recommend her services. R.Roy and P.Cryne”

Peter Cryne

“Catherine has helped us get mortgages for 10+ years now. She helps us to get the best competitive rates. She provides advices to best suit our financial situations and get the best outcomes. She makes sure all inquiries are top priority and respond promptly. We highly recommend her and we will only go to her for our future mortgages.”

Wendy Tu

“Catherine and her team are exceptional. As a real estate professional I have worked with many mortgage brokers and Catherine is the most professional, attentive, knowledgeable and genuinely caring one I have ever had the pleasure of working with. I can’t recommend her enough.”

Mary Hamilton

“Had a great experience. I had a short time frame to ensure I had funding for my mortgage and Catherine handled it with ease. Communication was quick, clear, and comprehensive. Absolutely would recommend.”

Brad Weemhoff

“I have used Catherine Evel as our Dominion Lender broker for 5 transactions now. Working with them definitely brings the stress of moving and remortgaging down. Very impressed with the efficiency and thoroughness of this group and I have recommended them to many others.”

Trevor Cottrell

“Great service! We've been customers for over 10 years! I recommend to all.”

Mike Raposo

“Over the past several years, we have had the opportunity to work with Catherine as she searched for the best mortgage options based on our needs and situation. During this time, Catherine went out of her way to help us in every way possible. She not only helped to find the best mortgage situation for us but, also, offered some beneficial advice at the same time. Our experience with Catherine and her team has been nothing but extremely positive. I would recommend Catherine to any family or friends. Thank you, Catherine!”

Dave Murray

“Catherine and her team were recommended to us by our real estate agent when we were purchasing our new home. From our first visit to our last phone call, Catherine and her team have been wonderful! Everyone has been very polite, helpful and patient with all our questions, no matter how many times we asked for further explanation. I would strongly recommend Catherine and her team to anyone who is looking for a mortgage professional. We will certainly continue to use Catherine's services.”

Shelley Sager

Ontario Mortgage Broker

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