There are four policy areas in our “Policies” section regarding BFS (Business for Self).

1. Income - BFS (CMHC Program

This includes all the lenders who do and do not participate in the CMHC BFS Enhanced Program. This is for those borrowers who have been BFS for less than 24 months or have been in the same line of work less than 24 months

2. Income - BFS (Other BFS Programs, Bank Statement etc)

This section contains information for lenders with other BFS programs like Alternative Bank Statement Programs or Bank specific BFS programs. The lender programs mentioned here are not insured programs

3. Income - BFS Confirmed

This area is for borrowers who can verify their income via traditional CRA documentation and includes what the lender will require for mortgage qualification.

4. Income - BFS Stated (Sagen & CG Program)

This policy area displays lenders who are participating in some form of the Sagen Program (Business for Self Alt A) or The Canada Guaranty Program (Low Doc Advantage). It describes what they require for mortgage qualification and any adjustments to the insurer program the lender is following.

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