Any individual who has a 25% or greater ownership interest in a business is considered to be self-employed.

The following factors must be analyzed for a self-employed borrower:

  • the stability of the borrower’s income,
  • the location and nature of the borrower’s business,
  • the demand for the product or service offered by the business,
  • the financial strength of the business, and
  • the ability of the business to continue generating and distributing sufficient income to enable the borrower to make the payments on the requested mortgage.