Self-employed and declined by the bank — funded a $760K purchase at A-lender rates

The client's corporation was healthy and growing, but like most business owners she minimized personal income to manage tax. Her bank underwrote only her declared line-15000 income across two years of T1 General returns, and on that number the file didn't qualify for the purchase price she needed.

She had been told she'd have to either put far more down or accept a high-rate alternative-lender mortgage — neither of which matched her actual financial strength.

We reframed the file for an A-lender business-for-self (BFS) program that looks past line 15000. We built an income picture from 12 months of business bank statements, two years of accountant-prepared financials, and legitimate add-backs (retained earnings, the grossed-up dividend portion, and reasonable expense add-backs).

Because the purchase was over 20% down (uninsured), we used the BFS program's stated-income stream rather than a B-lender. We matched the file to a lender whose self-employed guidelines fit her industry and documentation.

We also set a clean exit: the file is structured so that at renewal, once two more years of returns are filed, she can move to fully-qualified A pricing with no surprises.

The client funded at an A-lender rate roughly 1.5% below the alternative-lender quote she'd been handed — on a 25-year amortization with standard prepayment privileges. Over a 3-year term, the rate difference alone is worth several thousand dollars.