Realtor
Stated Income Mortgages for Realtors
Realtors and licensed sales professionals
The short answer
Realtors qualify for a stated income mortgage on gross commission income supported by brokerage statements and business banking, instead of the net figure left after desk fees, marketing, vehicle and brokerage splits.
Why the usual approach undercounts you
- Marketing, staging, signage, dues, vehicle and brokerage fees are all deductible and all reduce reported income.
- Commission arrives unevenly — a strong quarter followed by a quiet one.
- Newer agents may not have two full years of production history yet.
What lenders ask for instead
- Brokerage commission statements or production summary
- 6–12 months of business bank statements
- Real estate licence
- T1 General and Notice of Assessment for the last two years
- Photo ID
Required documents vary by lender and by file.
How the numbers usually change
An agent closing steadily through the year may report a modest net income after a full slate of business deductions. Gross commission income, verified through brokerage statements and deposits, is typically the stronger and more accurate basis for qualifying.
Not sure what your business income qualifies for?
Send a few details and we'll show you the number a self-employed lender would actually use.
Common questions
I have been licensed for less than two years. Can I still apply?
Possibly. Some lenders allow shorter tenure when prior related experience and current production support the income.
Can I use a pending deal in my income?
Firm, unconditional deals are sometimes considered. Conditional deals generally are not.
Other occupations we work with
Ready to see what you qualify for?
Send your details and we'll review your business income the way a self-employed lender does — no credit pull to start the conversation.