Can I get a mortgage if I'm a contract worker?

Yes, it is possible to get a mortgage if you are a contract worker. However, it may be a bit more challenging than getting a mortgage as a salaried employee because lenders typically prefer borrowers with a stable income and employment history.

When applying for a mortgage as a contract worker, you will need to provide additional documentation to prove your income and employment status. This may include contracts, invoices, and tax returns from the past few years.

It's also worth noting that lenders will look at your debt-to-income ratio, credit score, and other factors to determine if you qualify for a mortgage. If you have a strong credit score and a low debt-to-income ratio, it may be easier to get approved for a mortgage as a contract worker.

Overall, it's important to shop around and compare mortgage options from different lenders to find one that works best for your unique situation. It may also be helpful to work with a mortgage broker who has experience working with contract workers and can guide you through the process.

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.