|
![](images/common/spacer.gif)
![](images/icons/houseself.jpg) |
|
Self-Employed Mortgages |
![](images/common/spacer.gif)
The Business for Self Mortgage (Alt-A BFS) offers self-employed clients or 100% commissioned salespeople the ability to own a home, even if they’re unable to provide traditional income verification.
![](images/common/spacer.gif)
Eligible Products |
Fixed Rate Mortgages
Variable Interest Rate Mortgages
![](images/common/spacer.gif)
|
Eligible Purpose |
Purchase
Refinance
![](images/common/spacer.gif)
|
Eligible Properties |
Owner Occupied Maximum 2 Units
New Construction or Resale
![](images/common/spacer.gif)
|
LTV |
90% Maximum LTV for Purchases
90% Maximum LTV for Refinances
![](images/common/spacer.gif)
|
Amortization |
Up to 35 Years
![](images/common/spacer.gif)
|
CMHC/Genworth |
LTV |
Purchase |
Refinance |
Insurance Fees |
Up to 65%
65.01-75%
75.01-80%
80.01-85%
85.01-90%
90.01-95%
|
0.80%
1.00%
1.64%
2.90%
4.75%
N/A
|
0.80%
1.00%
1.64%
2.90%
4.75%
N/A
|
|
![](images/common/spacer.gif)
A 0.20% premium surcharge to be added for every 5 years of amortization beyond 25 years.
![](images/common/spacer.gif)
|
|