Private mortgage loan for self-employed workers
Being self-employed should not complicate your access to a mortgage loan. At Lauréat Finance, we simplify financing for self-employed workers with a fast, flexible approach suited to your reality.
Is it hard to get a mortgage as a self-employed worker?
For self-employed workers, securing a mortgage from a traditional bank is often a challenging process. Institutions typically require a minimum of two years of reported income, proof of stable income, and an impeccable credit history. Income variability or a compromised credit history can be sufficient to cause an application to be denied.
At Lauréat Finance, we understand that the reality of self-employed workers doesn’t always fit into the banking mold. That’s why we offer private mortgage financing solutions designed specifically for you, without excessive requirements.
The Lauréat Finance mortgage loan benefit for self-employed workers
At Lauréat Finance, self-employed workers can access private mortgage financing ranging from $10,000 to $1,000,000 without being held back by the restrictive standards of traditional banking institutions.
Our team does not require two years of tax returns or a perfect banking history. Instead, we consider simple evidence such as your recent bank deposits, a verbal statement of your income, and an assessment of your actual ability to pay back the loan. And unlike banks, which impose a strict debt-to-income ratio cap (often 50%), we tailor our analysis to your reality. This offers you the following benefits:
- a fast approval process,
- personalized and transparent support,
- a customized solution to bring your projects to life.
A simple and quick 3-step process
Getting a private mortgage loan with Lauréat Finance is easy, even if you are self-employed:
1
Submit your application
Complete our online form in just a few minutes. No need to gather a pile of documents.
2
Personalized analysis
We assess your overall situation: property value, recent bank deposits, financial goals. We don’t base our decision solely on your credit history.
3
Approval and payment
Once your application is accepted, funds can be released within 24 to 48 hours.
Conditions for eligibility and minimum requirements
You may qualify for a private mortgage loan if:
• You own real estate or have sufficient funds.
• You can provide proof of your ability to repay (even without a notice of assessment or formal proof of income).
• You have regular deposits in your bank account, no matter what form your income takes.
We accommodate unusual profiles: new entrepreneurs, freelancers, seasonal self-employed workers, and more. Even without a traditional financial structure, you can still get a loan.
A mortgage loan for self-employed workers, even with poor credit
Having a poor credit rating doesn’t mean the end of your plans and dreams. At Lauréat Finance, we know that your credit rating doesn’t always reflect your current stability. Rather than judging you on your past, we focus on the value of your property, your current income, and your goals.
Cases involving 60-day notices or emergencies
We can also help when you’re facing critical situations, such as a 60-day notice. In these cases, our fast approval process is key to helping you avoid losing your property.
How to assess your credit worthiness as a self-employed worker
At Lauréat Finance, we adapt our assessment to your reality:
We look at your latest bank statements
We ask you to give us a verbal statement of your income
We assess the net value of your property
We don’t require lengthy tax returns or complicated assessment notices. Thanks to this versatility, you can get a quick loan for self-employed workers, even if you have poor credit.
FAQ – Frequently Asked Questions
Is it possible to obtain a mortgage without proof of income?
Yes. We accept a verbal statement and a few recent bank statements. We understand that your income is not always declared in the traditional way.
What is the minimum down payment required?
It depends on your situation. If you already own a home, we use the net value of your property. If you are buying, a down payment of at least 20% is normally recommended.
What documents do I need to provide?
The documents required are limited: recent bank statements, property information, proof of identity. You do not need to provide two years of reported income.
