Proudly part of the Dominion Lending Centres Group of Companies — Canada's #1 mortgage originator · $84.5B funded in 2025, more new mortgages than any bank, credit union or trust company.Part of the Dominion Lending Centres Group of Companies · Canada's #1 originator · $84.5B in 2025, more than any bank or credit union.Part of the DLCG, Canada's #1 mortgage originator · $84.5B in 2025.If you're self-employed and your personal income looks too lean to buy, the insured stated-income program qualifies the purchase on your business instead — 10% down, on the corporate documents your accountant already prepares. See your exact premium and what stating income actually costs.
PST on the insurance premium is paid at closing in ON (8%), QC (9%) and SK (6%). Other provinces: none.
A standard insured mortgage at the same down payment would cost $22,320 (3.10%). Stating income runs $19,800 more — the price of qualifying without a traditional income proof.
Premium can be added to (financed in) the mortgage. PST on the premium, where applicable, is paid in cash at closing.
Calculators give estimates. We give exact numbers — based on your income, credit, and the lender most likely to say yes. Free, no obligation, same-day reply.
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Which lane fits depends mostly on your down payment. The calculator above prices the insured lane exactly; the alternative (B-side) lane is priced as a rate plus a lender fee rather than an insurance premium.
B-side rates and fees are illustrative and vary by lender, term and credit — as a rough guide, current B-side pricing starts near 4.89% on a one-year fixed with about a 1% lender fee (minimum around $2,500). We match your file to the specific lender and term. Run a B-side payment → · Ask Ramin which lane fits →
A stated-income mortgage qualifies a self-employed borrower on what their business actually earns — corporate financials, bank statements and a reasonable, supportable income for the industry — rather than the low personal income many business owners deliberately declare. It is not no-doc lending: the stated income must be reasonable and documented. It just changes what counts as proof, so you don't have to inflate your personal draw (and personal tax) to satisfy a lender.
At least 10%. Five percent is not available on the insured stated-income program — the minimum is 10% down, and the maximum loan-to-value is 90%. The purchase price must be under $1,500,000 (max insured price $1,499,999).
Meaningfully higher than a standard insured mortgage, because the insurer takes more risk without traditional income proof. At 10% down it's 5.85% of the loan on a 25-year amortization (6.05% on 30 years), versus 3.10%/3.30% standard. The calculator shows your exact premium and the dollar gap versus standard insured at the same down payment.
Self-employed borrowers with at least two years of business-for-self tenure, a clean two-year credit history, no mortgage defaults in the last seven years and no prior bankruptcy. Commission income is not eligible. Your stated income must be reasonable for your industry, length of operation and type of business, and confirmed with recent Notice of Assessment showing no tax arrears.
Often yes. With 20%+ down you can move to alternative (B-side) stated income, which is usually easier to qualify for, isn't capped at $1.5M, and at some lenders allows a 35-year amortization — and even business loans as a source of down payment, which insured mortgages don't allow. It's uninsured, so the cost is the rate and lender/broker fees rather than a premium. Ask and we'll price your exact file both ways.
It's one of the cleanest ways to get a business-for-self client into a home. You keep their declared income lean for tax purposes, and they still buy — qualified on the corporate documents you already prepare. When that financing opens through a referral, your client sees an accountant who solves problems well beyond the T2.
Last updated: July 2026. Insured stated-income premiums reflect the current Sagen Insured Stated Income program (via First National). The 10%-down minimum, 90% max LTV and under-$1,500,000 price cap are program rules; premiums include the +0.20% surcharge on 30-year amortizations.
Related: CMHC / standard insured → · For accountants & their clients → · Self-employed mortgage programs →