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Self-Employed Mortgages in Calgary Northwest
Traditional banks often struggle with non-traditional income. Serving Calgary Northwest with access to 60+ lenders.
Calgary Northwest Market Snapshot
$580,000
Avg. Home Price
$350,000 - $1,200,000
Price Range
Suburban family communities
Area Type
NW
Region
Self-Employed Mortgages in Calgary Northwest
If you're self-employed and looking to buy in Calgary Northwest, traditional bank guidelines can feel frustrating. Many business owners in Calgary's thriving entrepreneurial economy have the income to afford homes in the $350,000 - $1,200,000 range but struggle with documentation that doesn't fit the standard T4 employee model.
Jay specializes in self-employed mortgages for Calgary Northwest buyers, leveraging stated income programs, Business-for-Self (BFS) lender options, and alternative documentation strategies. Whether you write off most of your income for tax purposes or run multiple business entities, there are mortgage solutions designed specifically for your situation.
Alberta's local lenders — including ATB Financial and Servus Credit Union — have well-developed BFS programs, and Jay's national network adds 15+ additional programs to choose from. For Calgary Northwest properties, stated income programs typically require 10-20% down and 2+ years of business history, verified through your business license or articles of incorporation.
Common challenges Jay solves for self-employed buyers in Calgary Northwest: aggregating income from multiple businesses, positioning seasonal or variable income for qualification, and structuring applications to minimize tax return reliance. If you've been told you need to "declare more income" and wait two years, reach out — there are faster paths to approval that don't require restructuring your entire tax strategy.
What You Get
Mortgage Tips for Calgary Northwest
💡 Properties near U of C hold value well for investment
💡 New builds in Evanston/Sage Hill may qualify for 30-year amortization
💡 Infill development creating duplex opportunities
Frequently Asked Questions
Can I get a mortgage in Canada if I write off most of my business income?+
Yes. Stated income programs allow self-employed borrowers to qualify based on a reasonable declared income for their industry, rather than line 15000 of their tax return. You'll typically need a 10-20% down payment and 2 years of business history. Jay matches you with lenders that specialize in these programs.
How long do I need to be self-employed to get a mortgage in Alberta?+
Most lenders require a minimum of 2 years of self-employment history, verified by your business licence, CRA registration, or articles of incorporation. Some alternative lenders may consider 1 year with strong compensating factors like a large down payment or excellent credit.
What is a stated income mortgage in Canada?+
A stated income mortgage allows self-employed borrowers to declare a reasonable income for their occupation without relying solely on tax returns. The lender verifies that the stated income is realistic for your industry and geographic area. These programs typically require 10-20% down and are available through select A-lenders, credit unions, and alternative lenders.
Do I need an accountant letter to get a self-employed mortgage?+
It depends on the program. Traditional BFS programs at A-lenders usually require a letter from your accountant confirming your income and business viability. Stated income programs may not require one, but having a CPA-prepared letter can strengthen your application and potentially unlock better rates.
Ready for Self-Employed Mortgages in Calgary Northwest?
Book a free strategy call with Jay. No obligation, no pressure — just clarity on your mortgage options.