Stated Income Mortgage
"My tax returns don't tell the real story of what I earn."
Stated-income mortgages are designed for self-employed borrowers, commissioned sales professionals, and business owners whose tax returns understate real cash flow. We use a reasonable declared income backed by business bank statements, invoices, or contracts — with A-lender programs (Sagen and Canada Guaranty insured) available at rates within 0.10–0.25% of standard, and B-lender options when the file needs more flexibility.
- Declared income supported by bank statements or contracts
- Insured A-lender programs at near-prime rates
- As little as 10% down on owner-occupied purchases
- Alternative to full T1 / NOA documentation
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Last updated 2026-07-10
Common questions
Real answers from a licensed Ontario mortgage broker.
About the broker
Jay Klair
Licensed Mortgage Agent Level 2 · License M09000869
Jay Klair is a licensed Ontario mortgage broker with 15+ years of experience helping over 500 families across the province — including specialists work in mortgage renewals, refinance, private mortgages, reverse mortgages, HELOCs, construction financing, debt consolidation, and self-employed mortgages.
Licensed through Real Mortgage Associates (FSRA #10464), part of the DLGC Group of Companies, with access to 50+ lenders across prime, alternative, and private channels. Serving Ontario in English, Punjabi, and Hindi.
Other services
Home Purchase Mortgage
From your first home to your forever home, we shop 50+ lenders to secure the sharpest rate and the right structure — with a pre-approval that actually holds up when you're competing for the offer.
Learn moreMortgage Refinance
Your home's equity is working capital waiting to be unlocked. Whether you need to consolidate debt, fund renovations, or invest — a smart refinance can dramatically improve your monthly cash flow.
Learn moreReverse Mortgage
Access your home's value tax-free with no monthly payments required. Ideal for Canadian homeowners 55+ looking to supplement retirement income, fund renovations, or consolidate debt.
Learn moreReady to see your options?
Free, confidential, no obligation. Most clients hear back from Jay the same business day.
- Free, no-obligation consultation
- Response within 24 hours
- 100% confidential
- Solutions for every situation