Real Deal | Purchase approval for newly self-employed professional

Purchase approval for newly self-employed professional

This client was approved as part of our BFS PRO program designed to create mortgage solutions for self-employed professionals.

This newly graduated psychotherapist has been practicing for 8 months. We qualified them through a combination of business bank statements and supporting invoices.

Approval at 72% LTV with 35-year amortization was based on positive income projection and sustainability.

The client will benefit from a full year of FREE Home System Warranty Program worth up to $10,000!

CREDIT

  • GDS/TDS: 50.22%/ 50.42%
  • Beacon score: 815

EMPLOYMENT

  • Type: Permanent full-time Self-Employed
  • Tenure: 8 months

PROPERTY

  • Occupancy: Owner-Occupied
  • Location: Gloucester, ON

DEAL HIGHLIGHTS

  • 35-year amortization
  • Deal approved at 72% LTV
  • 1-year closed
  • 3.09%
  • BFS PRO Client
  • FREE Home System Warranty for the full 1-year term!