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The purchase of a home is the largest purchase most people make during their lifetime. At Dominion Lending Centres, we want to make each and every purchaser aware of the many mortgage options available to them.

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    Ashlee & Luis Sanchez

    We didn't feel like we were taken advantage of. We felt extremely comfortable; we also felt that we were top priority and everything was going to be done that would best meet our financial situation.
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    Valinda, Satisfied Customer

    My agent was very understanding, approachable and listened to my needs and concerns and made very good suggestions.
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    Brittney, Satisfied Customer

    The Dominion Mortgage Team was so great to work with because they answered all of my questions and explained the whole process to me.
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    Greg Irwin, Satisfied Customer

    The mortgage process was the most stress free part of the whole purchase and move!
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    Adam & Cheryl Tempelaar

    Awesome! We will definitely be back when it's time to re-mortgage or buy a new house.
Dominion Lending Centres | Regional Mortgage Group
Dominion Lending Centres

Dominion Lending is a mortgage and leasing company with more than 2,000 members offering free expert advice across Canada for all your mortgage needs:

  • Residential Mortgages
  • Commercial Mortgages
  • Equipment Leasing

Mortgage Questions

No Income Qualifying

These types of loans were very popular a few years ago.  They provide the opportunity for a borrower with a good credit score, to purchase a mortgage without verification of income. It is important to note that these loans are higher risk! As a result, some lenders have removed No Income Verification loans as mortgage solutions.

Who Qualifies for a Stated Loan?

Typically, these loans are only available to the self-employed borrower and require a significant down payment (25-35%). Additionally, the credit score of the borrower must be impeccable.
If credit is good, these loans are offered at very attractive interest rates.  For example, if interest five year fixed rates are around 3.29%, no income verification loan rates may be up to 0.50-1.00%, costing the borrower just a little bit more to acquire.

Tips for Getting a No Income Verification Loan

  • Make sure that your declared income is reasonable in comparison to the mortgage size you want
  • Even if lenders don’t want you to prove your income, they do want it to be reasonable and will often ask for proof that no income taxes owed.
  • Make sure your credit is top notch
  • Banks are choosing to waive the review of your income so your credit has to be sparkling clean.  Do whatever you can to make sure your credit is top notch.
  • Examine the option of a traditional mortgage loan
  • As noted above, a traditional mortgage will offer lower monthly payments. If you can qualify for a regular loan, choose that route!

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For more information on any program you may be interested in please either email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or call 403-343-1125 to set up an appointment with an agent.