This mortgage program does have some exclusions you should be aware of. Generally, they are only available for new purchases, refinances or mortgage transfers for traditional homes, like condos or houses in residential neighbourhoods. As mentioned above, the home must be your primary residence. Projected income mortgages are not available for secondary homes, rental properties and mobile homes. They also can not be used for purchase plus improvements programs or progress draw mortgages (for building a new home). Other exclusions may apply. It’s best to speak with a mortgage broker to find out if you can qualify for this program. Some lenders can be more lenient than others, which can make this a bit of a ‘gray area’ when it comes to qualifying for a mortgage. Please see more on our website.