Rates effective July 29, 2024
BRITISH COLUMBIA
Lending on Single Family, Semi-detached, Condos, Townhouses & Mobiles on pad and on own land
1st MORTGAGES | Up to 60% LTV | Up to 65% LTV | Up to 70% LTV | Up to 75% LTV |
---|---|---|---|---|
Pop. 7,000+ | 9.87%* | 10.17%* | 10.42%* | |
Pop. 5,000 - 6,999 | 10.57%* | 11.37%* | ||
Pop 2,500 - 4,999 | 11.57%* | exception |
ALBERTA
Lending on Single Family, Semi-detached, Condos, Townhouses & Mobiles on own land
1st MORTGAGES | Up to 60% LTV | Up to 65% LTV | Up to 70% LTV | Up to 75% LTV | |
---|---|---|---|---|---|
Pop. 7,000+ | 9.87%* | 10.17%* | 10.42%* | ||
Pop. 5,000 - 6,999 | 10.57%* | 11.37%* | |||
Pop 2,500 - 4,999 | 11.57%* | exception |
|
DISCRETIONARY RATE ADJUSTMENTS
Situation | Adjustments |
---|---|
2nd MORTGAGES | add 2.00% to all rates |
Rental properties | add .50% to all rates |
Single wide mobiles on land | Add .70% to all rates |
FEES
Type | Fee |
---|---|
Our broker fee | 1.55% (minimum $900) |
Application Fee | $270.00 |
Early payout | 3 months interest |
Renewal fee | VARIES |
Broker’s fee | We collect your fee for you |
1 year open available | Additional 100bps interest bonus, paid at closing |
MOBILE HOMES ON PAD (BC ONLY)
SINGLE WIDE MOBILES | DOUBLE WIDE MOBILES | |
---|---|---|
Criteria | Detail | Detail |
Minimum loan amount | $25,000 | $50,000 |
Maximum loan amount | Case by Case | Case by Case |
Purchases | 60% LTV (65% exception) | 65% LTV |
Equity Take Out | 50% LTV | 55% LTV |
Rates |
11.57%* Purchases |
10.87%* Purchases |
Term | 1 year open | 1 year open |
Amortization | up to 25 years | 25 years |
Qualifying Mobile Home | Must be less than 20 years old OR substantially renovated. |
Must be less than 20 years old OR substantially renovated. |