letter of employment for mortgage

Getting the Letter of Employment for a Mortgage in Canada

What you should know.

• Most mortgage lenders require your employer to write details about your employment status.
• The purpose is for lenders to understand your job stability and verify your application.
• The letter must include things such as job title, salary, years of employment, and more.
• It is very common and your HR department likely already has a template.

A letter of employment is one of the required documents to get a mortgage in Canada . Lenders want to ensure income stability when qualifying you for a mortgage, and this document provides essential information. In general, lenders want to see salary information , years of employment, type of employment, and more.

We have included all the types of applicable information below and the different requirements from the big six banks. The letter is quite common as most mortgage lenders in Canada require it. Most likely, the human resources department of your company can complete this for you. Otherwise, we have a template available below.

While most lenders require a job letter from your company, some lenders can verify your income through pay stubs, bank statements, or your T1 Tax return.

Mortgage Job Letter Explained

You are more likely to miss mortgage payments if you are unemployed. Banks understand this and want to ensure you have a stable job when assessing your mortgage application. They generally prefer stability and predictability over a high-earning yet risky applicant. For example, mortgage lenders like to see you have spent many years with the same company and have full-time employment in a stable industry.

However, you can still receive a mortgage if you work for a startup or are self-employed. You may have a higher mortgage interest rate. Although there are information requirements listed below, self-employed applicants need to provide additional information shown further in the article.

Information Requirements for a Mortgage Job Letter

• Company Information: Your employment letter should be issued on an official company letterhead with the firm's name, address, logo, and contact information.
• Employment Information: Your job title will be listed on the job letter and how many hours you work and when you began working for this company. A brief description of your job duties may also be included. Make sure this matches what you put on your mortgage application.
• Compensation: The letter also must include your salary information and compensation structure. Full-time, part-time, or contract employment should be mentioned in the job letter.
• Finishing Touches: Your employer must also date and sign the letter. Lenders want to ensure the information is no older than 60 days.
• Pay deductions
• Seasonal pay fluctuations
• Recent income changes
• Overtime income
• Maternity or Paternity leave
• Employment probation

How to Get Your Job Letter Completed

The best way to get your job letter is to ask your employer. Most employers are familiar with this document and can quickly provide you with the information. However, if you work for a smaller company, you can provide a supervisor or manager with the template below. Once the letter is completed, it's best to have your company spokesperson send it directly to your mortgage representative. If you are self-employed, you can skip to the following section as the process is different.

Ensuring Your Job Letter is Accepted

• Include all the required information: job title, start date, salary, employment type.
• Make sure the letter is no older than 60 days. However, 30 days is preferred.
• Ensure the job letter is on company letterhead and signed by an authorized representative.
• Ask your employer to include a brief description of your job duties.

Sample Employment Letter for a Mortgage

To whom it may concern,

We confirm the following details regarding the employment of [Applicant Name] :

• [Applicant Name] works as a [Job Title] for us
• Their gross annual salary is [Annual Salary] , and they work [weekly hours] hours per week
• They are employed on a [full-time, part-time, or contract] basis
• They began working with us on [date of employment]

If you have any more questions, don't hesitate to contact us at [phone number] or [email address] .

[Company Representative Signature]

[Representative Name]

[Representative Job Title]

[Company Name]

What to Do if the Lender Does Not Accept Your Job Letter

If the lender does not accept your job letter, there are a few things you can do. Most likely, your mortgage lender just requires more information about your job. You can ask your employer to write a description of your job duties. You can also try another lender who has different requirements.

Job Letters for Self Employed Mortgage Applicants

If you are a business owner, entrepreneur, or freelancer, you need to apply for a self-employed mortgage in Canada . Although you will still be eligible to receive a mortgage, the process requires more documents, and your interest rate may be higher. It's also important to understand that having many deductions will lower your income, which will affect your maximum mortgage affordability . You will likely need to show the following documents:

• Previous two to three years of Income tax returns.
• Income statement, balance sheet, and statement of cash flows. You may be able to collateralize some of your business assets to receive a lower interest rate.
• Articles of incorporation or proof of licence.
• Six to twelve months of personal and business banking statements.
• Contracts for future projects.
• Capitalization table to show your ownership percentage.
• Up to date Notice of Assessment from the Canada Revenue Agency.
• Proof of GST or HST payments.

The Bottom Line

A job letter is one of the required documents to get a mortgage in Canada. The letter confirms essential information such as employment status, salary, and hours worked. Most likely, your employer can quickly provide you with this document. However, if you are self-employed, the process is different. Self-employed applicants need to provide additional information as mentioned above.

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Employment confirmation letter template

When you apply for a home loan, the bank will need you to provide proof of your income.

Usually your payslips, tax returns, group certificates or a Notice of Assessment (NoA) are enough.

However, a lender may sometimes require a letter of employment for a mortgage to prove your income or use it to verify the other documents you’ve provided.

You can ask your employer to use this sample letter as a template.

All they need to do is copy it onto their letterhead, amend the details, print, sign and fax it to your mortgage broker.

To Whom It May Concern:

Re: John Smith

We confirm the following details regarding John Smith’s employment with ABC Pty Ltd:

• His salary is $80,000 per annum gross.
• His net salary is $60,760 per annum (only some lenders require the net salary).
• He is employed on a permanent full time basis.
• He started working with us on 1/1/2015.
• He is not on probation.

Should you require any additional information, please do not hesitate to contact Human Resources on 02 0000 0000.

Dianne Johnston Human Resources Manager ABC Pty Ltd

Please read the following section on bank requirements for confirmation of employment letters to ensure your letter is accepted!

If you’re using our services to arrange your loan then please ask your employer to fax the letter to us .

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Essential requirements for your employment letter for a bank

Australian lenders have similar requirements for employment letters and will often ask for a letter to be amended if it doesn’t meet their requirements.

Your employment letter should be:

• On a company letterhead that contains contact numbers and the company Australian Business Number ( ABN).
• Contain the name of the person who signed the letter.
• Contain the name of the employee, gross income, length of employment and status (permanent part time / casual etc) of employment.
• Explanation of anything unusual about your employment, if required.

Additional templates

In some cases, banks may ask for clarification regarding your employment as a condition of your home loan approval.

Due to privacy legislation, many employers will not talk to the bank directly so you’ll have to ask your employer to write a letter for the bank.

There are a few clarifications that a bank may ask for which you can find below.

Deductions from pay

We confirm that John has a deduction of $500 per week as an additional voluntary super contribution.

This can cease at any time at John’s request.

Salary packaging

We confirm that John pays $600 per week directly into his current home loan using our salary packaging scheme .

This $600 deduction is paid pre-tax meaning that he receives $31,200 of his salary tax free and is taxed only on the remaining $48,800.

Company car

John has the use of a company car as part of his salary package.

Check out the company car page for more details.

Change of income

John has recently received a promotion and now earns $90,000 per annum gross as of 1/1/2015.

Employment stability

Although John is technically employed on a casual basis, he is considered to be a permanent member of our staff, works regular hours and is expected to continue to work here for the foreseeable future.

End of probation period

We confirm that John’s probation period ceased on 1/1/2016.

Overtime income

John is required to work overtime as a condition of his employment.

John has been working overtime on a regular basis and can reasonably be expected to continue to work overtime in the foreseeable future.

It is likely that additional work will be available should John decide that he would like to earn more than his current salary and overtime payments.

Many lenders do not accept 100% of overtime income but some do!

Self employed contractor

John works for us as a sole trader and invoices us for his hours worked.

John has no employees, provides no materials and has no major expenses so he has a stable income similar to a PAYG employee. John currently earns more $1,200 or more per week (plus GST ).

We expect his contract to continue for the foreseeable future.

Getting approved as a self employed contractor is tough so please contact us to find a suitable lender.

PAYG contractor

John is on a fixed term employment contract that ends on 11/6/2015.

It is likely that his employment will be continuous and ongoing.

This is only available with some lenders.

Maternity leave

Jane is currently on paid maternity leave and will return to full time work on 29/05/2017.

While on maternity leave, she is being paid $750 per week gross and when she returns she will be paid $1,000 per week gross.

Jane can return to work earlier if she so chooses.

Year to date income

John’s Year to Date (YTD) income shown on his payslip is not an accurate reflection of his true income as he was on leave without pay during the entire month of December.

He returned to work on 1/1/2017.

Try our year to date calculator .

Pay fluctuations

John works as a mechanic in our remote mining facility on a four week rotating roster. He works 12 days in the first two weeks and only 3 days in the next two weeks.

Although his fortnightly pay fluctuates, his pay is regular and predictable.

On the first fortnight, John is paid $3,600 and on the second fortnight he is paid $600, bringing his total income to $54,600 per annum.

How recent does the certificate from your employer need to be?

Your letter of employment for a mortgage must be less than 6 weeks old at the time of your home loan application.

So if your letter is up to 2 months old, you can simply ask your employer to sign and date a new copy.

What if I’m self employed?

If you’re a contractor, we have a template below that you can use.

However, if you’re purely a sole trader, in a partnership or operate via company and are unable to prove your income through traditional means, there are other options.

You may be able to provide older tax returns, Business Activity Statements (BAS) or an accountants letter by way of a low doc loan .

If you’re in this situation, please call us on 1300 889 743 or fill in our online enquiry form and we’ll let you know how we can help you qualify

Will the bank accept employment letters from a foreign company?

If you’re employed by an overseas company, some lenders may accept a confirmation of employment if it’s written in an acceptable format. They may also also ask for all or some of the following evidence:

• A copy of your employment contract
• Two consecutive payslips
• Three months of bank statements showing your salary being deposited into your account
• Tax returns for the last financial year

It all depends on the lender!

There are more requirements which you can read more about on the proving your foreign income page .

Better yet, complete our free assessment form and we’ll let you know how we can help.

Do you need help with your home loan?

There are many other situations where the lender may require a confirmation of employment letter.

We always try to discuss your situation with the lender’s credit manager before wasting your employer’s time in asking them provide a letter.

If you’re having trouble drafting a suitable employment letter, please contact call us on 1300 889 743 or enquire online .

Our mortgage brokers specialise in unusual employment mortgages.

Still have questions? Feel free to comment below and we’ll get back to you as soon as possible.

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How to Get a Letter of Employment for a Mortgage

When applying for a mortgage , lenders will ask you to verify various aspects of your financial profile.  One of the most essential documents to show your lender is a letter of employment.

A letter of employment, also sometimes called a job letter or income verification letter, proves your employment status, shows what kind of work you do, and helps the lender confirm that you have reliable income to pay off your mortgage.

» MORE: What is a mortgage?

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What is a letter of employment?

A letter of employment will usually include your position within the company, your annual salary or wage, how many hours you are guaranteed, and how long you have been employed with the company. The letter should be dated, written on company letterhead and signed by the individual who wrote the letter, and include a phone number to contact them should there be any further questions.

If you do not have an employer and are self-employed, proving your income will require a slightly different process, outlined later in this article.

Why is an employment letter required to get a mortgage?

Mortgages are often large amounts of money that are paid back over the course of many years.

The mortgage lender , whether it be a bank or other financial institution, needs to feel confident that you’ll make timely mortgage payments or they may choose to deny your application.

Proof of employment shows the lender that you have a steady, reliable job and the regular income needed to make the mortgage payments . While a letter of employment is just one part of the documentation you will need to be approved for a mortgage, it is an important one.

» MORE: What to know about mortgage pre-approval

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How to get a letter of employment for a mortgage

The need for a letter of employment is well known to employers, so most companies have an outline already on file and ready to use. If you work for a large company, the Human Resources department will be the ones to help you. If you work for a smaller company, you can go to your boss or supervisor.

While getting a letter of employment is pretty easy, you shouldn’t leave it to the last minute. However, you don’t want to have it too early either as they do have an expiry date with lenders. Th timeline will vary by lender but, generally speaking, you want your letter of employment to be no more than 60 days old to ensure the information is current.

» MORE: Passing the mortgage stress test

Proving income if you are self-employed

Getting approved for a mortgage can be trickier for individuals who are self employed. Because you won’t have anyone to provide a letter of employment, you’ll have to rely on different documents.

Self-employed Canadians typically need to show the following to their mortgage lender:

• Income tax returns for the past two to three years (be aware that showing a loss in revenue will work against you).
• A Notice of Assessment from the Canada Revenue Agency to show that you are up to date on tax payments and do not have any outstanding.
• Proof that HST and/or GST has been paid.
• Proof that your business is licensed or incorporated.
• Financial statements for your business, including income, revenue and expenses.
• Contracts to show expected revenue for the future if applicable (being able to show consistent income is a big plus).
• Evidence to show how much of the business you own.
• Personal and business banking account statements for 6 to 12 months to show revenue and earnings.

About the Author

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How To Get A Letter Of Employment For Your Mortgage (Including Template)

Have you been asked to provide a letter of employment for your mortgage ? If this is your first time hearing about it, you may be a bit confused…

But no worries, seeking your letter of employment in order to verify parts of your application is fairly standard practice.

Here’s everything you need to know to get you on your way with minimal delay.

What is a letter of employment?

How to get a letter of employment for mortgage, letter of employment sample.

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A letter of employment is a document signed by your employer that verifies that you work for the company, your position, and your salary.

You may be asked to provide one of these letters before being approved for large credit products, such as a mortgage, line of credit , or other type of loan. Sometimes your prospective landlord may even request a letter of employment before extending an offer for leasing their unit.

Why do you need a letter of employment for a mortgage?

But don’t worry – asking for a letter of employment doesn’t mean you don’t seem trustworthy or they think you’re lying to them.

Most of the time, the reason lenders and landlords may request a letter of employment is simply to do their due diligence. They want to ensure that your job is secure and your income is valid and steady at the time you made your application.

There’s a lot of money exchanging hands in the case of a mortgage, so it only makes sense that the mortgage broker may want to double confirm everything in your application looks good. Having a letter of employment is just one of the many things they can do to confirm you’re a trustworthy candidate.

The only way to get a legitimate letter of employment is by asking your employer (since it needs to be signed by them). You can do so by asking your boss directly, or sending a quick email to the HR department to see if they can point you in the right direction.

Since asking for a letter of employment is a common practice, your employer won’t be surprised or confused when you ask them to write you one. Big companies will likely even have a template on hand that they can quickly fill out and sign for you.

If you’re self-employed, your mortgage broker may instead ask for other means of verification, like your tax return for the past few years and any financial statements from your business. Speak with your broker to confirm exactly what they want to see in order to feel confident in your ability to pay back your mortgage.

What to include in your letter of employment for a mortgage

Once you receive your letter of employment, make sure it’s signed by the person issuing it (most likely your boss or manager). It also makes it look more official if it’s written on company letterhead.

Here’s a list of things to make sure is included in your letter of employment for mortgage:

• your position,
• how long you’ve been there,
• your salary or wage,
• any bonuses you receive,
• hours per week (if an hourly worker), and
• job title and contact info of the person signing the document.

With all the above information, your mortgage broker should be satisfied with your letter of employment.

It may also be useful to include brief explanations of unusual circumstances, like when your probation ends, any expected overtime income that’s included in your contract, whether you’re on maternity leave, or any other pay fluctuations.

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Want an example of what a letter of employment for a mortgage might look like? Here’s a template you can feel free to send over to your boss (or use yourself):

If you’d like to download this letter of employment template for quick use, it’s available right here:

Click to download your letter of employment template

Get your own letter of employment for your mortgage now

Now that you know what a letter of employment is and why your broker may be asking you for it, it’s time to send off a quick email to your employer so you can get the process started.

In the end, this is likely one of many documents you’ll need to provide while finalizing your mortgage. Hopefully you’ll have it locked in soon!

If you have any more questions or tips, please let us know in the comments below.

A letter of employment is a document provided and signed by your employer upon request which confirms that you work at the company. It also provides additional information, like your salary, pay frequency, and how long you’ve been working there.

Why do I need a letter of employment for a mortgage?

Your mortgage broker may ask you for a letter of employment in order to confirm that your employment details are accurate and your salary is stable. It’s usually one of many documents you’ll need to provide over the course of applying for a mortgage. Here’s how you can get your letter of employment .

Where can I find a letter of employment template?

We’ve created an easy, downloadable letter of employment template for you right here , just make sure to use company letterhead so it looks more official.

Why do I need a letter of employment for renting?

In rarer cases, your prospective landlord may ask you for a letter of employment before extending an offer to lease their unit. This is just another way for the landlord to confirm you have stable income, which will ensure you pay off your rent consistently and on time.

If you liked this article and want more practical ways to save money every day, we've compiled our best tips all in one place .

Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.

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What Is A Mortgage Employment Letter?

Mortgages are a crucial part of Canadian life, and getting one can be complicated if you don’t know what to expect. One of the many documents you may be required to provide to your lender is an employment letter . But what is a mortgage employment letter, and what information does it contain?

In this article, we’ll take a closer look at mortgage employment letters (also called a letter of employment or a job letter) and explain what they’re used for and how to get one. So if you’re planning on buying a home in Canada, be sure to read this!

A mortgage employment letter is a document used by lenders in the mortgage application process to confirm your employment status. When you apply for a mortgage, the lender will likely ask for proof that you’re employed and can make payments on the loan; it’s actually a pretty common request.

This document provides this assurance; it confirms your salary, job title and length of employment with your current employer.

In most cases, lenders require a mortgage employment letter that’s been prepared by your employer. It should include their company name and contact information, as well as your job title, salary and length of time employed.

Bank statements don’t work as proof of income, since the transactions are not solely dependent on your employment. Now, mortgage employment letters are not always required; some lenders may accept pay stubs or other forms of proof instead. However, an employment letter is the most reliable way to prove your employment status, so it’s always best to provide one if you can.

Why Do I Need A Mortgage Employment Letter?

Mortgage lenders want to make sure you are financially stable to make payments on your loan. To do this, they need to be able to verify employment status and income. A letter of employment allows the mortgage lender to verify other information such as your employer information, current employment status, annual salary or if you’re paid hourly, the wage rate.

A mortgage employment letter serves as proof of your income and job stability; it shows that a reputable employer has officially verified these things.

In addition, mortgage brokers may want to know if you’re in a permanent or temporary position and what your job title is. The information in this employment verification document can help them decide how much of a risk it would be to approve your loan.

A letter of employment really is a key document in the mortgage process to determine possible mortgage rates, ensure you have a reliable income source and help complete your mortgage application.

What Should Be Included In A Mortgage Employment Letter?

Most people will talk to the human resources department to get their letter of employment. A mortgage employment letter should include the following information:

• Your full name and job title
• The contact details of your employer including company name, address and contact information
• Start date of your current position
• Annual salary or wage rate you’re making in your current position
• Length of time you’ve been employed with this employer
• Your work schedule, including any days and hours you are expected to work
• Any other relevant details regarding your job, such as bonuses or commissions

Ideally, the letter should be on official company letterhead. 

Fill out the form below to get a blank employment letter template emailed directly to you (you’ll be able to choose either Word or Google Doc format):

How Do I Get A Mortgage Employment Letter?

If you need a mortgage employment letter, the best place to start is with your employer. Ask them if they can provide you with one; it should include all the relevant information mentioned above. You may also need to provide a written request or authorization for your employer to release this information.

Once you have the letter, make sure to double-check that all of the information is correct and accurate before submitting it to your lender. If there are any discrepancies, they could delay the approval process or even result in your loan being denied.

Do All Lenders Require A Mortgage Employment Letter Before They’ll Approve A Loan?

No, not all lenders require a mortgage employment letter. Some may accept other forms of proof, such as pay stubs or bank statements. However, it’s always best to provide a letter if you can; it provides the most reliable and comprehensive information about your employment status.

What If I’m Self-Employed?

If you’re self-employed, you still need to provide proof of income. This could include tax returns, financial statements and/or bank statements or other documents that show your average monthly income. You may also need to provide a letter from your accountant verifying the financial information; this is similar to a mortgage employment letter but with different details related to your business and finances. The details here vary depending on what your mortgage broker asks you to provide.

Getting a mortgage loan can be a complicated process, and having the right documentation is essential. If you’re asked to provide such a letter, make sure that all of the information is accurate before submitting it to your lender. This will help ensure that the approval process goes smoothly and you get the loan you need.

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Verification of employment letter template and guide

Speed up your home loan application by making sure your lender has everything they need..

In this guide

Download this template as a:

Why does my lender need a verification of employment letter, what needs to be included in the letter, will all lenders require a letter to verify my employment, can i provide my lender with a faxed copy or does it need to be the original, how recent does the employment letter need to be, bottom line.

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A verification of employment letter is a document provided by your employer that confirms your current employment status and income. Some lenders will need to verify your employment when you apply for a mortgage, line of credit, lease or loan.

• Word document (.docx)
• Google document
• Employer information. Most lenders require your employment letter to be issued on an official company letterhead that contains the company’s name, address, logo and contact details.
• Employment status. The letter should contain information about your employment status, including how many hours you work, your position title and how long you’ve been employed.
• Financial information. The letter should state whether you’re an hourly or salaried employee, how much you make and if you get bonuses.
• Date and signature. Make sure the letter is dated and signed.

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What does a verification of employment letter look like?

New York, NY 10005

To whom it may concern,

I am writing this letter to verify that Laura A. Baxley is currently employed with XYZ Pty Ltd as a Digital Marketing Manager. She has been employed with us since March 2016.

Laura currently works on a full-time basis, averaging 40 hours per week. She earns a salary of $65,000 per year, paid biweekly, plus potential yearly bonuses.

Should you have any questions, please do not hesitate to contact me at (123)456-7890

Kind regards,

(SIGNATURE)

Justin Hamilton

Human Resources Manager

XYZ Pty Ltd

No, but most lenders will require some sort of verification. Aside from a letter, your lender may call or email your employer or give you a form for them to fill out and sign.

What if it’s a phone call?

If your lender lets you know that they’ll be calling your employer to verify your employment, let your boss know to expect the call. It’s also a good idea to ask your employer if they need any information from you and thank them for helping you.

This will vary depending on the lender’s individual policies and eligibility requirements, but most lenders will accept a faxed copy of the employment letter.

Most lenders require the employment letter to be no older than 60 days from the date of receipt, but it can vary from lender to lender. If you have a letter that’s more than a couple of weeks old, ask your lender if you’ll need a copy that’s been signed and dated more recently.

Compare mortgage lenders

Most lenders will want to verify your employment. This can involve getting a letter from your employer, having them fill out a form or having your lender call or email them. Whichever option they choose, the process is generally pretty simple.

If you’re just getting started researching the mortgage process, compare home loan lenders to find one that fits your needs.

Belinda Punshon

Belinda Punshon worked for Finder as a writer on home loans and property and as a corporate communications executive. She has a Masters in Advertising, Public Relations and Journalism from the University of New South Wales and a Bachelors in Business from the University of Technology Sydney.

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Using a Letter of Employment to Prove Your Income

Lenders ask for proof of your income as part of your home loan application. In cases where your payslips and tax returns don’t offer enough information, you may also need to provide a letter of employment.

There are several pieces of evidence you can present to a lender to prove your income. These include tax returns, payslips and a Notice of Assessment.

Some lenders will also ask you to provide a letter of income to verify the information in those documents. Without one, you may not be able to access some home loan products.

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What Should the Letter Contain?

Happily, the requirements for your letter of employment aren’t too difficult to meet. The letter should contain the following details:

• A letterhead that notes your employer’s Australian Business Number (ABN) and contact information;
• The name and signature from your employer;
• The date the letter was written;
• Your name and gross income (some lenders also ask for your net income);
• How long you’ve worked for the employer’
• Your employment status, which is usually either full time, part time or casual, However, you may also work as a self-employed contractor, which your employer will need to mention; and
• Information about any unusual conditions of employment, where relevant.

Most lenders will work with you to get the letter right, so you should be able to amend yours if it doesn’t contain the correct information.

An Example Letter

We’ve created an example letter so your employer has something to work from:

To Whom It May Concern

Re: <your name>

We can confirm these details for <your name>’s employment with <company name>:

• He/she is employed on a <employment status> basis.
• His/her salary is <your salary> per year gross.
• He/she is not on probation. (Your employer may have to change this if you are still in your probationary period. In this case, the employer should mention the end date for the probation period.)
• His/her employment began on <your start date>.

If you require any more information, please contact our Human Resources department on <phone number>.

Kind regards,

<Signature>

<Letter writer’s name>

<Letter writer’s department>

<Company name>

Some lenders may ask for your net income, as well as your gross income. Your employer can add this to the bullet points, along with any of the other details we’ve listed in the next section.

Get started

Other details.

The above example covers the major details that most lenders need to approve your home loan application. However, some will ask for further clarification on some details. Again, your employer can add these to the bullet point list in the example letter.

Such details may include any or all of the following:

• Whether you have a company car;
• If you’re part of a salary packaging scheme;
• Any pay deductions, such as those for a superannuation fund;
• Recent changes in income and details about recent promotions;
• How stable your employment status is;
• Information about any overtime income you receive (remember that some lenders won’t accept 100% of your overtime income when considering your home loan application);
• Any details about maternity leave, including the duration and your maternity payments;
• Details about any payslip discrepancies, such as an explanation for any unpaid holiday leave that doesn’t show up on your payslips; or
• An explanation for any other pay fluctuations. For example, you may receive the majority of your monthly income in the first two weeks, with the rest coming at the end of the month.

Not all lenders will require this information, but those that do request it will wait for you and your employer to provide all the information.

You can also work with one of our mortgage brokers to draft the letter. We can help you draft the perfect letter of employment for your home loan application.

What to do next

You now know the details you need to include in a letter of employment. Get it right and you’ll speed up the home loan application process. We also recommend that you do the following:

• Read about the nine steps to follow to become a homeowner.
• Calculate how much money you can borrow.
• Book in a quick call with our customer care team. if you have any questions about your letter of employment.

It’s important to note that the information we give here is general in nature – no matter how helpful or relatable you find our articles. Even if it seems like we’re writing about you , it’s not personal or financial advice. That’s why you should always ask a professional before making any life-changing decisions.

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Do you need a letter of employment to get a mortgage?

• Last updated: January 20, 2023

Getting your letter of employment for a mortgage

One of the most tedious parts of the home buying process can be providing documentation to your mortgage lender in order to get approved for your mortgage.

At Perch, we’ve tried to make this process as easy as possible, automating most of the review process and allowing you to upload all of your documents on our portal. Regardless of who you get your mortgage with, you will inevitably end up having to provide at least some common documentation to prove your income or net worth.

The vast majority of mortgage lenders require proof of income from a borrower in order to qualify that person for a mortgage. If you’re a salaried individual with a regular full-time job you will likely be asked to provide your tax returns for the past year as well as a letter of employment to prove you are currently employed.

For a more detailed overview of all types of documents you might use to prove your income to your mortgage provider, check out this in-depth article .

What is a letter of employment?

A letter of employment is simply a document that verifies your current employment status and income. It is commonly required by mortgage lenders attempting to verify your income. The letter is written by your employer and includes information such as your job title, length of employment, and current salary. It’s also key that the letter states that your employment is ongoing and states whether it is a full-time, part-time or contract position.

Here’s an example of what a letter of employment may look like to you:

Why does my mortgage lender need a letter of employment?

Mortgage lenders will often require a letter of employment to verify the income of the mortgage borrower. Most mortgage lenders have strict lending requirements, and the amount you qualify for is often largely based on your continual monthly income. A letter of employment is a document that confirms your employment status to your mortgage lender.

Mortgage lenders want to verify this info before they lend money so that they don’t lend money to people who have a risk of not being able to pay their mortgage. If mortgage lenders gave out money to everyone without properly qualifying them, many people would default on their mortgage in the result of rising interest rates or an economic downturn, which could have disastrous results on not only the lenders but the whole market.

Where do I get a letter of employment?

Oftentimes you will be provided with a written statement offering you the terms of your employment before you start a new job. This may be in the form of an e-mail or a written letter.

If your employer didn’t provide you with a letter of employment, you should reach out to someone at your place of employment, typically your manager or HR department, who can provide you with one or point you to someone who can.

Can I write my own Letter of employment?

Unless you’re self-employed, in which case you’d need to provide different documentation to your lender, you can’t write your letter of employment yourself. It’s best to contact your manager or HR department at work to get a letter of employment for your mortgage.

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