Nicola Mortgage Corporation | Thompson Valley Mortgage Corporation | Western Provincial Investment Group Corporation

INFO@WESTCANMORTGAGE.CA      #205-242 VICTORIA ST, KAMLOOPS, BC      1(877)559-1005

Lending Guidelines

Best of the Best



Nicola Mortgage Corp. | Thompson Valley Mortgage Corp. | Western Provincial Investment Group Corp.

Beacon Score

We do not use beacons or credit formulas, however history should indicate that they will pay


Up to 70%

Loan Amounts

Maximum loan amount 1st $500,000 (some exceptions)
Maximum loan amount 2nd $350,000 (some exceptions)
Max 1st plus our 2nd = $750,000


1.55% (minimum $900) & app fee – $270

Broker’s Fee

We’ll add your fee to our fee

Amortization Periods

25 Years Maximum (30 Years and Interest Only on exception)


1 year (6 month and 2 year available, on exception)

Early Prepayment

3 months interest (1 year open product available with .50% interest bonus)


With qualification

Bridge Financing

Run it by us. We will try hard to make it happen.

Construction Draw Mortgages

Yes - case by case


Click link to view on our Rates and Product page or call for details

Lending area

Most areas of BC and Alberta – specializing in smaller centers

Multi family loans

Up to six-plex*


Run it by us – we know what we can do and will let you know quickly

Types of properties

Single family homes, townhouses, apartments, condos, building lots with municiple services installed. Commercial/industrial properties on exception basis.

NEW! Small commercial income producing properties, mixed use properties IE Corner store/shop on main floor, residential up., co-op titled property

Recreational properties


Rental Properties


Rural Properties



Value based on home plus 25 acres – No farms


Must be CRA or AACI certification. We do not accept DAR (Designated Appraiser Residential) appraisals. Letter of Transmittal is required before instructing. Real estate comparables must indicate days on market (DOM)

Low LTV/Low Loan Amt

When the loan to value is less than 50% of the current assessed value and the mortgage amount is less than $75,000, the appraisal may be waived, at our discretion, provided that current pictures of the interior and exterior of the property are provided and are satisfactory. (1st mortgages only - Mobiles on pad excluded)

Questions? Submit your application: Contact us!
Cheryl Kirstien – Credit Manager:
Joanne Quigley – General Manager: