Self-employed business owner — private mortgage for entrepreneurs Ontario

Self Employed Mortgage Solutions

Self Employed Mortgage for Business Owners in Ontario

Private mortgage financing for self employed Ontario business owners who earn more than their tax returns show. PMC qualifies you on actual cash flow — not what's left after write-offs.

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The Core Problem

Why Banks Say No to Self Employed Business Owners

Banks are built for T4 employees. Their algorithms measure income by what you declare after deductions — meaning every dollar you legitimately save on taxes is a dollar subtracted from your self employed mortgage qualification.

A business generating $500K in revenue might report $120K in taxable income after expenses, depreciation, and write-offs. The bank approves based on $120K. PMC looks at $500K — and the real picture beneath it.

This isn't a problem with your business. It's a limitation of how traditional lenders assess income.

Bank

Net taxable income only

PMC

Gross revenue + actual cash flow

Bank

2+ years of NOAs required

PMC

Bank statements, contracts, financials

Bank

Treated as losses / red flags

PMC

Recognized as smart tax management

Bank

Complex corps declined

PMC

All structures assessed holistically

Our Approach

How PMC Assesses Self Employed Income

Your self employed mortgage application assessed on real business performance — not a rigid checklist designed for salaried employees.

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01

Tell Us Your Story

Share your business details, income picture, property goals, and equity position. No lengthy bank applications — just the essentials of your situation.

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Cash Flow Analysis

We review bank deposits, business revenue, contracts, and actual cash available — not just what your NOA says after write-offs.

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Custom Structuring

Your self employed mortgage is structured around your real income, with terms and payments that match your cash flow cycle.

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Exit Strategy

Every deal includes a clear path to conventional financing — so you're not paying private rates longer than necessary.

Documentation

What You'll Need for a Self Employed Mortgage

Forget the two-year NOA requirement. PMC uses flexible documentation that reflects how self-employed income actually works — bank deposits, contracts, and business financials rather than just taxable income after write-offs.

The specific documents depend on your business structure and situation. We'll tell you exactly what's needed after reviewing your deal snapshot — no guessing, no surprises.

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Bank Statements

3-6 months of business bank statements showing actual deposits and cash flow patterns.

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Contracts & Invoices

Active contracts, recurring client invoices, or purchase orders that demonstrate ongoing revenue.

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Accountant Letter

A confirmation letter from your accountant verifying income — PMC provides a template.

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Business Registration

Articles of incorporation, master business license, or sole proprietorship registration.

Who We Help

Self Employed Mortgage Solutions for Every Business Structure

Whether you're a sole proprietor, incorporated, or running a partnership — PMC assesses your business on its real performance, not its tax return.

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Sole Proprietors

Contractors, consultants, and tradespeople operating under their personal name. We use your bank deposits and contracts to verify income — not just your T1.

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Incorporated Owners

Business owners paying through salary, dividends, or a combination. PMC understands how corporate structures affect reported income vs. actual earnings.

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Partnerships

Business partners with shared ownership and complex income flows. We assess each partner's share of cash flow and the overall business trajectory.

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Gig & Freelance

Platform workers and contract professionals with variable but consistent income. Multiple income streams are assessed holistically, not averaged down.

The Long Game

Your Exit Plan: Back to Conventional

A PMC self employed mortgage is a bridge — not a permanent solution. We structure every self-employed deal with a clear plan to transition you to conventional financing once your documentation catches up with your actual earnings.

Tell Us Your Story arrow_forward
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Now

Private Mortgage

Capital based on actual cash flow. Clear terms, exit plan defined.

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6-12 months

Documentation Builds

File 1-2 years of T1 returns. PMC provides income presentation guidance.

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12-24 months

B-Lender Transition

Move to a trust company or B-lender — lower rates than private.

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24+ months

Conventional Financing

Qualify at a major bank at the best available rates.

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$1B+

Business Owner Deals

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6,500+

Total Deals Funded

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2×

Broker of the Year

verified

FSRA

Licensed Brokerage

Self Employed Mortgage Questions, Answered

Can you get a mortgage in Canada if you are self-employed? expand_more
Yes. Self-employed Canadians can access mortgages through both traditional and private lenders. The difference is how income is verified. Traditional banks require 2 years of Notices of Assessment showing sufficient net income — a challenge for business owners who legitimately optimize their taxes. Private lenders like PMC assess actual cash flow, business trajectory, and the full financial picture instead.
How much can you borrow on a self-employed mortgage? expand_more
The amount depends on your property value, equity position, and demonstrated ability to service the debt. Private lenders typically lend up to 75-80% LTV for self-employed borrowers. PMC uses cash flow analysis — looking at bank deposits, business revenues, and actual cash available — rather than just reported net income.
Which bank is best for self-employed mortgages? expand_more
Major Canadian banks all have self-employed programs but require minimum 2 years of history and strict income verification. For business owners with significant write-offs, complex structures, or fewer than 2 years of history, a private lender arranged by an experienced broker like PMC is often the most effective path — with a clear exit strategy to access conventional rates once documentation is established.
Why is it hard for self-employed to get a mortgage? expand_more
Banks measure income by what you report after deductions — not what flows through your business. A self-employed person earning $300K in gross revenue might report $80K in net income after legitimate business expenses. Banks see $80K. PMC sees $300K in actual cash flow, a strong trajectory, and a viable borrower — and structures the mortgage accordingly.
How much do I need to earn to qualify for a $500,000 mortgage? expand_more
For a traditional bank mortgage on $500,000 (25-year amortization), you'd typically need approximately $85,000-100,000 in verifiable income to meet GDS/TDS ratios. For a private mortgage, we assess whether your cash flow can service the payments — factoring in business income, rental income, and other sources. Contact PMC for a customized assessment based on your situation.
What documents do I need for a self employed mortgage? expand_more
Unlike banks that require two years of Notices of Assessment and T1 Generals, PMC takes a flexible approach to documentation. We typically review 3-6 months of business bank statements, recent contracts or invoices, an accountant's income confirmation letter, and your business registration. If you're incorporated, we may also review corporate financial statements. The goal is to verify your actual cash flow — not penalize you for writing off legitimate business expenses.
Can I get a self employed mortgage if my business is less than 2 years old? expand_more
Yes. Many self employed borrowers are declined by banks solely because their business hasn't hit the 2-year threshold. PMC works with newer businesses, especially if you have strong industry experience, a solid pipeline of contracts, and can demonstrate growing revenue through bank statements. A stronger equity position — typically 25-35% down — helps offset a shorter business history.
What interest rates should I expect on a self employed private mortgage? expand_more
Private mortgage rates for self-employed borrowers typically range from 7.99% to 12.99%, depending on your equity position, documentation strength, property type, and exit plan. These rates are higher than conventional — that's the trade-off for flexible income verification and fast approval. The goal is always to transition you to lower conventional rates within 12-24 months once your documentation is established.

Your Self Employed Business Deserves a Lender Who Gets It

Tell us about your situation. We'll respond the same business day with a real assessment — not a generic decline.

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Tell us how to reach you

We'll respond the same business day

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FSRA-Licensed · We Assess What Banks Won't · Dalia Barsoum, 2× Broker of the Year