Self Employed

Self Employed

Lenders can make it difficult for self-employed people to get a mortgage. Many rules, few ways to prove your income, the cards are stacked against you. At Ownest, we work hard to increase your odds of getting approved.


Stated Income Mortgages

How many times have you been preapproved, only to find out that the lender cannot do the deal? We know the right lenders to approach, and by having all your details up front we can easily match you with a lender that works for your lifestyle and income.

We have a number of lenders who have products that will allow you to state your full income (versus net income or money after taxes) in order to purchase the house of your dreams. This means that if you’re self-employed, if you wrote off most of your income to pay fewer taxes or if your business had a bad year, you don’t get penalized. We work with you to help you accomplish your financing goals. Our patented system checks products and lenders every time to ensure you are getting the best deal with each application.

In Order to Meet a Stated Income Mortgage, You Must Have the Following Qualifications:

  • Most recent Notice of Assessment (NOA)
  • No tax arrears
  • Maximum income to be used for qualification is 2 times what is disclosed on line 150
  • Confirmation of 2 years self-employment

Sole Proprietorships & Partnerships one of the following is required:

  • Business License
  • GST/HST Return Summary
  • Accountant-prepared T1 Generals and Statement of Business Activities for the last 2 years

Corporations one of the following is required:

  • Articles of Incorporation
  • Audited Financial Statements for the last 2 years prepared & signed by a CA
2.36%5 Year Variable

75% of our clients consider this product a great fit. We find you a great rate with only a small possible payout penalty, and that increases your flexibility for the choice to change your mortgage down the road.

Ownest tailors the mortgage to you, not you to the mortgage. We find different terms and mortgages to suit your lifestyle. Click below to view other options.


See the Ownest difference. We aren’t like banks and brokers because we have your best interest at heart. Through our patented system, we’re able to give you the choice you deserve when selecting a lender for your mortgage. Watch this video and let us help you maximize your mortgage buying power.

  • Thank goodness we found the friendly people at Ownest. They found us a new mortgage at a lower rate and a payment we can afford. We are truly thankful.
    - Gina G.Calgary, AB
  • Ownest sent us a mortgage proposal that showed all the mortgages we qualified for. After discussing the many options with us we chose a 4 year term and feel we got a great rate.
    - Robert and Claire P.Richmond Hill, ON
  • I’ve been in real estate for over 15 years and have never experienced this level of professionalism before. I now recommend all my clients to Ownest.
    - Bob S.Realtor, Edmonton AB


We match you with the mortgage that suits your lifestyle, faster than our competitors can shop a single product.


Our technology scours all products and pricing to get you a yes now on the best deal for your mortgage. You pick only from the options you qualify for.


Backed by a team of financial experts, we’re always available to help you successfully cross the finish line to own your home. We make it simple. Ownestly!