Rates effective SEPTEMBER 14, 2023
BRITISH COLUMBIA – Residential Single Family (Owner Occupied)
1st MORTGAGES | Up to 65% LTV | Up to 70% LTV | Up to 75% LTV |
---|---|---|---|
Pop. over 7k | 10.50% | 10.85% | 10.99% |
Pop. 2.5k – 7k | 11.00% | please call |
ALBERTA – Residential Single Family (Owner Occupied)
1st MORTGAGES | Up to 65% LTV | Up to 70% LTV | Up to 75% LTV |
---|---|---|---|
Pop. over 7k | 10.50% | 10.85% | 10.99% |
Pop. 2.5k – 7k | 11.00% | exception - please call | n/a |
DISCRETIONARY RATE ADJUSTMENTS
Situation | Adjustments |
---|---|
2nd MORTGAGES |
Add 2.50% to all rates |
Non Owner Occupied | |
Single wide mobiles on land | |
Septic & Well water systems | Add .15% for each system to all rates |
FEES
Type | Fee |
---|---|
Lender 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) - VERY LIMITED FUNDS UNTIL FURTHER NOTICE
SINGLE WIDE MOBILES | NEW! 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 |
12.95% Purchases |
12.20% Purchases |
Term | 1 year open | 1 year open |
Amortization | up to 25 years | 25 years |
Qualifying Mobile Home | Must be 2003 or newer OR substantially renovated. |
Must be 2003 or newer OR substantially renovated. |