Mortgages for occasional and supply teachers
You do not need a permanent contract to explore a mortgage. For daily supply work, the key is showing a reliable earnings history and choosing a payment that works through quieter months.
Start with your earnings history, recent pay stubs and board roster confirmation.
How lenders assess your income
Lenders commonly request two years of income records for variable earnings.
An average of annual earnings already includes unpaid periods. It should not be treated as a full-time annual grid salary.
Recent earnings and the likelihood of continued work matter as well as the average.
Tell us about EI and other income so we can check how the lender will treat each source.
Your documents
- Two years of T4s and Notices of Assessment, if available
- Recent pay stubs showing days worked and daily pay
- Confirmation of your board roster status
- Current or upcoming signed assignments, if any
How we help
- Calculate income from documented earnings rather than a busy month.
- Check lender requirements for your length of teaching history.
- Keep a cash buffer for school breaks and changes in available work.
A two-year average is a starting point, not an approval. Lower recent earnings, debt payments and the property can change the result.
Occasional teacher mortgage questions
Can an occasional or supply teacher get a mortgage in Ontario?+
Supply teachers can apply using documented variable earnings. Prepare two years of records if available, along with recent pay and current work details. The lender reviews the income trend, continuity and the rest of the application.
When does an occasional teacher become an LTO?+
The number of consecutive days is set by your board and union collective agreement. Check that agreement or ask board HR. Pay is generally based on grid placement and prorated for the assignment.
How are Ontario teachers paid over the summer?+
It depends on the board and employment agreement. Permanent teachers may receive their annual salary over different pay schedules. Occasional and LTO earnings depend on days worked and assignment dates. Check your board payroll schedule.
Talk to us
Emily & Jeff Mudrick
Mortgage agents, Mudrick Mortgages
Serving teachers across Ontario.
Talk through your mortgage options
Discuss your teaching income, budget and plans. We will explain the next steps for your situation.