Self-Employed

Helping business owners put down roots

Being your own boss shouldn’t hold you back from owning your dream home. You work hard to create value in your business, and we believe you deserve the same dedication when it comes to finding the right mortgage. That’s why the Olympic Mortgage team is here to help you achieve your homeownership dreams with solutions tailored specifically to your needs.

BOOK A MEETING

What is a self-employed mortgage?

A self-employed mortgage is a home loan tailored for individuals who don’t earn a standard paycheck. Whether you’re a freelancer, business owner, or independent contractor, these loans are designed to consider your unique income situation. Olympic Mortgage in Victoria, BC partners with lenders who understand the complexities of self-employment and are flexible with their requirements, ensuring you have access to the financing you need.

Tips for improving your self-employed mortgage approval odds

Our team at Olympic Mortgage is here to help you every step of the way, offering guidance on how to strengthen your financial profile before you apply. To increase your chances of getting approved for a self-employed mortgage, consider the following tips:

Reduce your debt-to-income ratio

Paying off outstanding or long-standing debts will help improve your financial profile and attractiveness to lenders.

Maintain a healthy cash flow

Lenders like to see consistent income, so managing your finances and paying yourself consistently is key.

Keep thorough financial records

Accurate business and personal financial documentation can make the approval process smoother.

Boost your credit score

A higher credit score can improve your chances of securing a favourable mortgage rate.

We're here to answer your questions about self-employed mortgages.

Whether you’re seeking advice on securing the best rates, understanding mortgage insurance, or finding the right mortgage for your unique situation, our knowledgeable team is dedicated to providing personalized support and helping you achieve your financial goals with confidence.

Lenders typically review a variety of financial factors when considering a self-employed mortgage application. Here’s what you’ll need to provide:

Personal and business tax returns for the past two years
Profit and loss statements for your business
Bank statements to verify income and cash flow
Credit history to demonstrate your financial reliability
Proof of down payment funds

At Olympic Mortgage, we’ll walk you through this process step by step, ensuring you have everything in order for a successful application.

Lenders usually average your income over the past two years based on your tax returns and business financials. Olympic Mortgage can help you present your financials in the best possible light.

Some lenders may consider this, but most prefer two years of self-employment history. Talk to our team to explore your options.

Interest rates for self-employed mortgages can vary based on your financial situation, but our team will help you find the most competitive rates available.

WHO WE ARE

Why choose Olympic Mortgage for your needs as a small business owner?

Expertise in Self-Employed Mortgages: We specialize in helping self-employed individuals navigate the mortgage process. Our team understands the challenges and complexities that come with being a business owner and has the expertise to find solutions that work for you.
Customized Strategies: We tailor our approach to meet your specific needs, whether it’s purchasing a home, refinancing, or investing in your business. We’ll work with you to create a strategy that supports your goals.
Committed to Your Success: Your success is our success. We’re dedicated to helping you not only achieve homeownership but also thrive in your business. If we can contribute to your success by doing our job well, that’s what matters most to us.

If ou are a small business owner, talk to our team today and let us guide you through the process of securing a mortgage that works for your business.

GET IN TOUCH

No matter where you are in the buying process, its always the right time to setup a call with a mortgage specialist!

GET STARTED

At Olympic Mortage, we want the best for the people around us. We care for our clients, whomever they are, wherever they’re from. Everyone gets the best of us, because that’s what we want to be putting out to the world. So go ahead, try us.

CONTACT DETAILS

Suite 103, 2311 Watkiss Way, Victoria, BC, V9B 6J6
info@olympicmortgages.ca
250.858.7160

JOIN OUR NEWSLETTER

Stay in the know. Sign up for our weekly newsletter.

Self-Employed

Helping business owners put down roots

What is a self-employed mortgage?

Tips for improving your self-employed mortgage approval odds

We're here to answer your questions about self-employed mortgages.

What factors affect my mortgage application?

How is my income calculated as a self-employed individual?

Can I get a mortgage with only one year of self-employed income?

What are the interest rates like for self-employed mortgages?

WHO WE ARE

Why choose Olympic Mortgage for your needs as a small business owner?

CONTACT DETAILS

JOIN OUR NEWSLETTER