There are unique challenges in qualifying the self employed and these challenges are recognized in that mortgage loan insurance is available to self employed borrowers to realize their dreams of home ownership. If you are self employed and can confirm your income to qualify you can purchase with as little as 5% down and refinance up to 80% of the value of your home. If you are unable to confirm your income an insured mortgage with 10% down is available in the case of a purchase – 20% down in the case of a refinance. You will be required to provide confirmation you have owned your business for a minimum of 2 – 3 years by way of Business License, GST Returns or Tax Returns and the stated income must be reasonable based on the industry, length of operation and type of business. A good credit history is mandatory and gifted down payments are not eligible.