Self-employed borrowers · Woodstock, Ontario
Self-Employed Mortgage in Woodstock, Ontario
Your bank sees your tax deductions and says no. Craig sees your full financial picture and finds the right lender. Self-employed borrowers in Woodstock and Oxford County have more options than most banks will tell you.
Craig understands self-employed income
Your Bank Uses a Formula. Craig Uses the Full Picture.
Traditional banks qualify borrowers based on T1 Generals and tax returns. For self-employed borrowers who write off business expenses, which is most of them, this method dramatically understates what you actually earn. The bank sees your net income after deductions and says you don't qualify. Craig finds lenders who see the full picture.
Whether you're a sole proprietor, incorporated business owner, contractor, or freelancer, Craig knows which of his 88+ lenders use gross revenue, bank statements, or stated income to qualify self-employed borrowers. The right lender makes all the difference.
Craig also helps self-employed borrowers in Woodstock and Oxford County plan their mortgage application strategically, including timing, income documentation, and how to structure their financials to present the strongest possible application.
Let's Find a Lender Who Gets It
No obligation. Craig reviews your income situation and identifies the best available lender for your specific structure, before anything is submitted.
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What Craig Covers with Every First-Time Home Buyer
- Identifies lenders who understand Self-Employed/Business income — not just T1s
- Reviews your income documentation before applying — no wasted hard credit pulls
- Matches your income type to the right lender product
- Advises on stated income vs verified income approaches
- Assesses incorporated vs sole proprietor qualification differences
- Builds a clear picture of what you qualify for before shopping
- Stays your partner at every renewal — not just the first deal
Options available to you
Self-Employed Mortgage Options in Ontario
More paths to approval than your bank is showing you.
Stated Income Mortgages
Some lenders qualify self-employed borrowers based on stated gross income rather than tax returns, with a larger down payment and strong credit. Craig identifies which lenders offer this and whether you qualify.
Bank Statement Mortgages
Alternative lenders that use 12 months of business bank statements to verify income rather than NOAs or T1 generals. Better reflects actual cash flow for active business owners.
Conventional BFS Qual.
With 2 years of filed tax returns and Notices of Assessment, Craig qualifies you through conventional lenders, often at prime rates. Strategic filing and timing matters here.
Common questions
Frequently Asked Questions
Why do banks often decline self-employed borrowers?
Traditional banks use T1 income and tax returns to qualify borrowers. Self-employed income often looks lower on paper due to business deductions, so banks underestimate what you actually earn. Craig works with lenders who understand BFS income structures and look at the full picture.
Can I qualify if I write off a lot of business expenses?
Yes, but it depends on the lender. Traditional banks use net income after deductions. Craig works with lenders who use gross revenue, bank statements, or stated income, which gives a far more accurate picture of what self-employed borrowers actually earn.
How long do I need to be in business for?
Most conventional lenders require 2 years of self-employment history. Some alternative lenders will consider 1 year. Craig assesses your situation and matches you with the right lender for where you are in your business journey.
Self-employed in woodstock?
Let's Find the Right Lender for Your Income Structure
Craig Reynolds
L1 Mortgage Agent
Licensed Mortgage Agent serving, Woodstock, Ingersoll, London, and Surrounding Areas. Helping Ontario homeowners and buyers find smarter mortgage solutions.
License Number: M24002371
FRSA #13556
Maventure Mortgage Co.
FSRA #13556
735 Fanshawe Park Rd W #1, London, ON N6G 5B4
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