This program is tailored for self-employed borrowers who cannot provide traditional income verification but have a proven 2-year history of responsible credit and financial management. Borrowers with provable business income but low personal income, as shown by Line 150 on the CRA’s Notice of Assessment, can benefit from this product. Both incorporated borrowers and sole proprietors are eligible to apply.
Qualified applicants can access up to 80% Loan-to-Value on a refinance. To be eligible, they must have a minimum credit score of 680 and maintain two trade lines reporting to Equifax over the last 24 months.
This product is available on your primary residence only.