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Getting a self-employed mortgage in BC is more complex than a traditional employment mortgage — but far from impossible. Ash Simpson at Insight Mortgage specializes in self-employed mortgage solutions across BC and Alberta.
Traditional banks assess self-employed applicants primarily on their Line 150 net income from their Notice of Assessment. Business owners who maximize legitimate tax write-offs often show relatively low net income on paper. This creates a gap between what you actually earn and what the bank sees. Ash works with lenders who use alternative income verification methods designed specifically for self-employed borrowers in BC.
Stated income mortgages allow you to declare your gross business income with supporting documentation. Bank statement mortgages use 12–24 months of business bank deposits to assess your income. For incorporated business owners, some lenders will consider a combination of salary, dividends, and retained earnings. Ash reviews your specific business structure and determines which lender and product gives you the best approval odds and rate.
Documentation requirements typically include:
Most lenders require a minimum of 2 years of self-employment history in the same field.
Yes. Self-employed borrowers can qualify for insured mortgages through CMHC and other default insurers if they meet the income documentation requirements.
If your bank has declined your mortgage application because of self-employment income, contact Ash Simpson at Insight Mortgage. Ash has helped numerous self-employed clients across BC and Alberta secure mortgages that banks initially turned down.
At Insight Mortgage, we’re dedicated to making your homeownership dreams a reality with transparent, personalized mortgage solutions tailored to your needs.