Rates & Compensation

Special Promotion: Earn an extra 20 bps for beacons <600!*

Rates effective as of May 4, 2022 @ 12:01 am ET. | Teal Indicates Recent Change

Alternative Rates & Compensation
Term/Credit 680+ 640+ 600+ 500 to 599 Compensation/Fee
1 Year Fixed 4.89% 5.04% 5.19% Starting at 5.29% 70 bps
2 Year Fixed 5.39% 5.54% 5.69% Starting at 5.79% 80 bps
3 Year Fixed 5.89% 6.04% 6.19% Starting at 6.29% 100 bps
Rate Premiums BFS Assist: 25 bps
Rental (major & medium markets): 50 bps
BFS Assist & Rental (major & medium markets): 60 bps
Other considerations:
Lending Areas
Payout of tax arrears
Major credit event (MCE)* discharged ≤24 months
Extended Ratios
Loan Amount >$1.5M

*MCE = Bankruptcy, Consumer Proposal, Credit Counseling
1% Lender Fee
Maximum GDS/TDS 50%
Extended GDS/TDS up to 65% and credit scores below 500 considered on a case-by-case basis, contact your RVP or use the Quick Quote for more details.
Rate Hold: 90 days

Compensation promo criteria:
New deals only, earn an extra 20 bps for 500-599 credit scores!
Primary Borrower credit score: 500–599, Standard TDS: max 50%, Owner Occupied (Subject Rental/Second Homes are excluded), Fully Income Qualified (BFS Assist is excluded)
Effective May 4, 2022 @ 12:01 am ET & expires on June 1, 2022 @ 12:01 am ET.

Credit Matrix
  Extended Ratios Plus Extended Ratios Basic Standard Ratios
Max LTV 75% 65% 80%
Credit Score ≥ 650 Max TDS = 60% Max TDS = 65% Max TDS = 50%
Credit score ≥ 500* to 649 Not Eligible
Credit Score < 500 Not Eligible  Case-by-Case Case-by-Case
Property Location Major Major/Medium/Minor Major/Medium/Minor
Min Qualified Total Income $100,000
(BFS Assist - Not Applicable)
Not Applicable Not Applicable
Occupancy Owner Occupied Owner Occupied & Rental Owner Occupied & Rental
Additional Rate premiums and/or loan amount restrictions apply for Extended Ratios & credit score < 500.
Use Deal Quote for more info and/or approximate pricing
Credit scores below 500 limited to maximum LTV 65%

For more information contact your RVP or use our Quick Quote

Quick Quote

Submit your deal info up front and we'll send you a quote including rate and product within 24 hours!

Approved Appraiser List

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Download our Standard Appraisal Guidelines.

Lending Areas

Quick Tips

Census Metropolitan Area (CMA) as defined by Statistics Canada
Assess the home and surrounding neighborhood with Google Maps (Satellite and Street view)
Properties should be in excellent condition and in a marketable residential neighborhood with similar recent comparables

Can’t find a location? Please contact your RVP or submit a quick quote.

Sales Team

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