NEW - EXPANDED MORTGAGES
PRODUCT

 
 
Eligible Properties Owner occupied 1-2 units
Loan Amounts $50,000 up to $1,000,000
Max equity withdrawal up to $200,000
Income Verification
  • Flexible Documentation
  • Letter of Attestation of Income
  • Business bank statements for most recent 12 months
  • Recent NOA (confirming no tax arrears)
  • Documentation is required upfront
Max
Loan-To-Value
(LTV)¹
Up to 80%
Min Credit Score¹ 580
Max GDS/TDS 35%/42%
>680 = 39%/44%
Maximum Amortization Up to 35 years
Terms
  • 6 months closed
  • 6 months convertible
  • 6 months open
  • 1-year open
  • 1 - 5, 7 and 10-year closed
Additional requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • LTV is assessed on a case by case basis
  • Minimum 2 years in business
 
 
Eligible Properties Owner occupied 1-2 units
Loan Amounts $50,000 up to $1,000,000
Max equity withdrawal up to $200,000
Income Verification
  • Flexible Documentation
  • Letter of Attestation of Income
  • Confirmation of professional accreditation
  • Recent NOA (confirming no tax arrears)
  • Documentation is required upfront
Max
Loan-To-Value
(LTV)¹
Up to 80%
Min Credit Score¹ 580
Max GDS/TDS 35%/42%
>680 = 39%/44%
Maximum Amortization Up to 35 years
Terms
  • 6 months closed
  • 6 months convertible
  • 6 months open
  • 1-year open
  • 1 - 5, 7 and 10-year closed
Additional requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • LTV is assessed on a case by case basis
 
 
Eligible Properties Owner occupied
Max 1 unit
Loan Amounts $50,000 up to $300,000
Max equity withdrawal up to $50,000
Income Verification
  • Verifiable Income
  • BFS — Expanded
  • BFS — New Professional
Max
Loan-To-Value
(LTV)¹
Up to 65%
Min Credit Score¹ 620
Max GDS/TDS 35%/42%
>680 = 39%/44%
Maximum Amortization Up to 35 years
Terms
  • 6 months closed
  • 6 months convertible
  • 6 months open
  • 1-year open
  • 1 - 5, 7 and 10-year closed
Additional requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • LTV is assessed on a case by case basis
 
 
Eligible Properties Owner occupied 1-2 units
Loan Amounts $75,000 up to $1,000,000
Max equity withdrawal up to $25,000
Income Verification
  • Verifiable Income
  • BFS — Expanded
  • BFS — New Professional
Max
Loan-To-Value
(LTV)¹
Up to 75%
Min Credit Score¹ 650
Max GDS/TDS 35%/42%
>680 = 39%/44%
Maximum Amortization Up to 35 years
Terms
  • 6 months closed
  • 6 months convertible
  • 6 months open
  • 1-year open
  • 1 - 5, 7 and 10-year closed
Additional requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • LTV is assessed on a case by case basis
 
 
Eligible Properties Owner occupied 1-2 units
Loan Amounts $50,000 up to $1,000,000
Max equity withdrawal up to $200,000
Income Verification
  • Verifiable Income
  • Secondary income(documentation requirements vary depending on deal specifics)
Max
Loan-To-Value
(LTV)¹
Up to 80%
Min Credit Score¹ 580
Max GDS/TDS 35%/42%
>680 = 39%/44%
Maximum Amortization Up to 35 years
Terms
  • 6 months closed
  • 6 months convertible
  • 6 months open
  • 1-year open
  • 1 - 5, 7 and 10-year closed
Additional requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • LTV is assessed on a case by case basis

NEW - ALTERNATIVE UNDERWRITING GUIDELINES
PRODUCT

 
 
Eligible Properties Owner occupied 1-2 units
Loan Amounts $50,000 up to $400,000
 
Income Verification
Verifiable or BFS
(verbal, not confirmed)
Max
Loan-To-Value
(LTV)¹
Up to 50%
Min Credit Score¹ 660
Max GDS/TDS N/A
Maximum Amortization

Up to 30 years

Up to 35 years for 5-year terms only

Terms

1 - 5 year closed

3 and 5-year VRM

Additional Requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • Properties must be in an urban location and move-in ready
  • No previous bankruptcies
  • Must have positive net worth
  • No income tax arrears
 
 
Eligible Properties Owner occupied 1-2 units
Loan Amounts $50,000 up to $400,000
 
Income Verification
Verifiable or BFS
(standard proof of income)
Max
Loan-To-Value
(LTV)¹
Up to 65%
Min Credit Score¹ 660
Max GDS/TDS

NA/50% or NA/65%

Net worth must be 1.5x loan amount with confirmation required

Maximum Amortization Up to 30 years

Up to 35 years for 5-year terms only
Terms

1 - 5 year closed

3 and 5-year VRM

Additional Requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • Properties must be in an urban location and move-in ready
  • No previous bankruptcies
  • Must have positive net worth
  • No income tax arrears
 
 
Eligible Properties Owner occupied 1-2 units
Loan Amounts

$50,000 up to $750,000

BFS Stated for credit score < 600: up to $500,000

Max equity withdrawal up to $100,000 for credit score ≥ 600

Income Verification
Verifiable or BFS Stated > 2 years
Max
Loan-To-Value
(LTV)¹
Up to 65%
Min Credit Score¹ 540
Max GDS/TDS

NA/45%

BFS Stated for credit score < 600: NA/42%

Bankruptcy discharged less than 2 yrs: NA/40%

Maximum Amortization

Up to 35 years
BFS Stated credit score

< 600: Up to 25 years

Terms

1 - 5 year closed

 

Additional Requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • LTV is assessed case by case, based on length of time from bankruptcy discharge and credit score
  • Bankruptcy discharged 2 years with re-established credit
  • Bankruptcy discharged between 1 - 2 years with re-established credit
  • Bankruptcy discharged less than 1 year with re-established credit
 
 
Eligible Properties Owner occupied 1-2 units
Loan Amounts

$50,000 up to $750,000

BFS Stated for credit score < 600:
up to $500,000

Max equity withdrawal up to $100,000 for credit score ≥ 600

Income Verification

Verifiable

Secondary income
(documentation requirements vary depending on deal specifis)

Max
Loan-To-Value
(LTV)¹
Up to 65%
Min Credit Score¹ 540
Max GDS/TDS

NA/45%

BFS Stated for credit score < 600: NA/42%

Maximum Amortization

Up to 35 years
BFS Stated credit score

< 600: Up to 25 years

Terms

1 - 5 year closed

 

Additional Requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • LTV is assessed on a case by case basis
 
 
Eligible Properties Owner occupied 1-2 units
Loan Amounts

$50,000 up to $750,000

BFS Stated for credit score < 600: up to $500,000

Max equity withdrawal up to $100,000 for credit score ≥ 600

Income Verification

Verifiable or Stated

Max
Loan-To-Value
(LTV)¹
Up to 65%
Min Credit Score¹ 540
Max GDS/TDS

NA/45%

BFS Stated for credit score < 600: NA/42%

Maximum Amortization

Up to 35 years
BFS Stated credit score

< 600: Up to 25 years

Terms

1 - 5 year closed

 

Additional Requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • LTV is assessed on a case by case basis
 
 
Eligible Properties Owner occupied 1-2 units
Loan Amounts

$50,000 up to $500,000

Max equity withdrawal up to $50,000

 

Income Verification

BFS Stated

Max
Loan-To-Value
(LTV)¹
Up to 65%
Min Credit Score¹ 540
Max GDS/TDS

45%/50%

Maximum Amortization

Up to 35 years

Terms

1 - 5 year closed

 

Additional Requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • LTV is assessed on a case by case basis
  • Loan amount may vary based on lower credit score, property location or property type
 
 
Eligible Properties Non-owner occupied
1 - 4 units verifiable
1 - 2 units BFS Stated
Loan Amounts

$75,000 up to $500,000

Max equity withdrawal up to $50,000

BFS Stated up to $25,000

 

Income Verification

Verifiable or BFS Stated > 2 years

Max
Loan-To-Value
(LTV)¹
Up to 65%
Min Credit Score¹

580 Verifiable
650 BFS Stated

Max GDS/TDS

NA/42%

Also BFS Stated min DCR .75x

Maximum Amortization

Up to 25 years

Terms

1 - 5 year closed

 

Additional Requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • LTV is assessed on a case by case basis
  • 80% rental offset available if subject property is the rental
  • Properties must be in an urban location
 
 
Eligible Properties Owner occupied
1 unit only
Loan Amounts

$50,000 up to $300,000

Max equity withdrawal up to $50,000

Income Verification

Verifiable or BFS Stated > 2 years

Max
Loan-To-Value
(LTV)¹

Up to 65%

BFS Stated up
to 60%

Min Credit Score¹

620

Max GDS/TDS NA/45%
Maximum Amortization

Up to 35 years

Terms

1 - 5 year closed

Additional Requirements/Features
  • Rate hold: Purchase — 120 days2, Refinance — 60 days
  • LTV is assessed on a case by case basis

¹Debt service flexibilities are based on an assessment of the strength of the overall application. Satisfying the minimum credit score alone does not automatically entitle the borrower to debt service flexibilities.

²Standard rate hold for purchase is 90 days; premium applies for rate hold up to 120 days. All mortgages are subject to credit approval. Certain conditions apply. All mortgages are funded by, registered in the name of, administered and serviced by B2B Bank. ®B2B BANK and BANKING THAT WORKS FOR BROKERS are registered trademarks of B2B Bank.

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