Can self-employed people get a mortgage in BC?

Yes. Most prime lenders want two years of tax returns and average your declared net income. If your returns undersell your real earnings, alternative lenders can consider bank statements or stated income instead.

Does using a mortgage broker cost self-employed borrowers anything?

In most cases no. On standard residential mortgages the lender pays the broker. If a file ever involved a fee, for example some private lending situations, it is disclosed and agreed to in writing before anything proceeds.

What documents do I need?

Typically two years of T1 Generals with Notices of Assessment, proof taxes are paid, and business registration or incorporation documents. Incorporated owners may add company financials.

Self-Employed

Self-employed mortgages in BC. Your tax return isn’t the whole story.

Contractors. Trades. Business owners. Real income gets presented the way lenders actually read it.

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Two numbers, reconciled.

What a business earns and what a tax return declares are rarely the same. The gap gets closed with add-backs and the right lender.

Three paths, one honest recommendation.

Prime lenders, alternative lenders, or a one-year plan to strengthen the file. Each path gets weighed against the timeline that matters.

The file gets built before it's submitted.

T1 Generals, Notices of Assessment, business registration: every document gets organized upfront, so nothing stalls the file mid-review.

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Based inPowell River, BC · Serving all of BC

Sydney Young

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Mortgage broker based in Powell River, BC, serving first-time buyers, movers, and investors across all of British Columbia.

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