Business for Self. Complete.
We'll be able to Complete so much more, together.
Our Business for Self. Complete. mortgage product is tailored for entrepreneurs and business owners who may not meet traditional income verification requirements. We understand that self-employed individuals often have unique financial situations, which is why we offer flexible solutions to help them achieve home ownership.
Product Details, Documentation and Downloads
Product Details
- Purchase and Refinance – Owner Occupied, Second Home, Recreational Home, Rental
- Up to 80% LTV
- Max 30 Years amortization
- Debt Servicing Ratios: 55% GDS / 55% TDS
- Available for Sole Prop, Incorporated, Partnership, Commission and Contract employees
- Min 2 years self-employed in the same or comparable business. Must be a minimum of 6 months as business for self. Contact your BDM if less than 2 years.
- Min 33% business ownership
Click here to download the Business for Self. Complete. product sheet.
Documentation
- Applicants Self-Employed Attestation for the most recent 12 months.
Click here to open the self-employed attestation form. - 6 months Bank Statements/12 months may be required for seasonal or high stated income
- 1 year full financial statements if: 1) Annual Gross Business Revenue exceeds $1M and 2) Total Household “Personal” Net Income derived from the business exceeds $500k
- Evidence of business: Business license or letter from accountant
- May require invoices for consistency of deposit
- May require contracts to demonstrate recent or future increase in revenue