Standard Residential

Insured, Conventional and Alternative Mortgages

Each client situation is unique, which is why B2B Bank mortgage solutions offer a range of payment options and terms, plus access to value-added features. This product is suited for clients who are purchasing, refinancing or transferring their mortgage.

Solutions

Our standard mortgage options can provide your clients with an individualized solution designed to help achieve their goals.

  Insured Conventional Alternative Conforming Alternative Non-Conforming
Property type Owner occupied
1 – 4 units
Owner occupied
1 – 4 units
Owner occupied
1 – 4 units
Owner occupied
1 – 4 units
Loan amounts $50,000 – $1,000,000
VRM: Minimum $75,000
$50,000 – $1,250,000
VRM: Minimum $75,000
$50,000 – $1,000,000 $50,000 – $750,000
LTV1 Up to 95% purchase Up to 80% purchase and refinance Up to 80% Up to 65%
Max. amortization1 Up to 25 years 30 – 35* years Up to 30 years Up to 25 years
Min. credit score1 600 600 540 500
Max. GDS/TDS1 < 680 =35%/42%
≥ 680 =39%/44%
< 680 = 35%/42%
≥ 680 = 39%/44%
< 680 = 55%/55%
≥ 680 = 55%/55%
< 680 = 55%/55%
> 680 = 55%/55%
Fees N/A N/A

1% for GDS/TDS above 39%/45% 
Lender fee may apply for lower
beacon scores with GDS/TDS below 39%/45% 
Lender fee will be the greater of $750 or 1%

1% for GDS/TDS above 39%/45% 
Lender fee may apply for lower
beacon scores with GDS/TDS below 39%/45% 
Lender fee will be the greater of $750 or 1%

Note: Standard residential mortgages may have rate premiums applied.


Value-added features and options

 Pre-payment privileges2:

  • Increase payments by up to 15% once per calendar year2
  • Pre-pay up to 15% of original principal once per calendar year**
  • Genworth and CMHC insured product options
  • Look Back Rate Guarantee: Purchase – 120 days, refinance – 60 days
  • Switch/Transfer: Not accepted from all lenders. Ask your BDM about approved lenders
  • Bridge Loan
  • Portability


Resources


Debt service flexibilities, LTVs offered and amortization options are based on the assessment of the strength of the application. Satisfying the minimum credit score requirement alone does not automatically entitle the borrower to maximum LTV and amortization options or debt service flexibilities. Some parameters, such as LTV, may differ for AB, SK and NL.

The pre-payment privilege is non-cumulative and is available after the first anniversary of the mortgage. Additional conditions to the pre-payment privilege may apply.

* For 35 year amortization beacon scores must be over 680 and will be considered case by case.

** Excludes variable rate mortgage products with variable payments.

 All mortgages are funded by, registered in the name of, administered and serviced by B2B Bank. Debt service flexibilities are based on the overall assessment of the strength of the overall application. B2B Bank is a wholly-owned subsidiary of Laurentian Bank of Canada. B2B Bank acts solely in the capacity of lender and/or account administrator, and does not provide investment advice. Dealers, advisors and brokers, not B2B Bank, are responsible for determining the suitability of products and services for their clients and for informing them of any related risks. Any loan approval by B2B Bank should not be construed as an endorsement of any investment choice, program, or strategy. All loans are subject to credit approval and borrowed monies are due and payable regardless of the performance of the investments. B2B Bank products and services are only available through financial intermediaries. Satisfying the minimum credit score requirement alone does not automatically entitle the borrower to debt service flexibilities. All mortgages, loans and lines of credit are subject to credit approval. Any illustration or example provided are for illustrative purposes only.