Gateway Self-Declared Income Mortgage

This Self-Declared Income solution is for business-for-self customers who prefer less paperwork:

LTV
  • Up to 65%
CREDIT
  • Min. 550+ beacon
  • Will pay derogs from re-fi proceeds
  • Discharged bankruptcy
  • 680+ beacon for stated income on rentals (see Gateway Rental Property)
PROPERTY TYPE
  • Single family duplex, fourplex, townhouse or apartment condo
  • Up to 10 acres, no outbuildings
  • Rentals (see Gateway Rental Property)
  • Second/vacation
  • Appraisals required (PDF): choose from up to three local, BwB approved appraisers provided in commitment
LOCATIONS
  • BC, AB, SK, MB and ON
  • Major urban centres and surrounding area
  • Small centres with 50K population and surrounding area
DOCUMENTS
  • 50% rent on legal second suite of primary can be used
  • Must prove business exists with appropriate documentation, that may include:
    • articles of incorporation
    • corp. search, including all directors
    • business license/registration
    • trade license, GST returns
  • Most recent NOA proving no outstanding tax
  • Self-declared attestation form signed at solicitor
  • Salary must be reasonable for geographical location and industry
  • Title insurance mandatory for all applications

More information: