Lending Guidelines

Our knowledgeable underwriters will help you find a solution to even the most difficult deals. Flexible lending guidelines allow us to customize every part of your clients’ mortgage – think open terms, interest only, and fast funding.

Residential

1st Mortgages

2nd Mortgages

Max LTV 75% 75%
Lending Areas Major Centres of BC and Alberta Major Centres of BC and Alberta
Minimum Beacon NONE - LTV reduced if < 500 NONE - LTV reduced if < 600
Min / Max Mortgage $50,000 - $5million $50,000 - $3million
Income Stated Income Stated Income
GDS/TDS NONE - deal must make sense NONE - deal must make sense
Purpose of Funds Purchase, Refinance, Revenue Property, Interalia Purchase, Refinance, Revenue Property, Interalia
Terms 1-2 years ( OPEN terms STANDARD ) 1-2 years ( OPEN terms STANDARD)
Amortization 40 years - Interest only available for < 70% LTV 40 years - Interest only available for < 70% LTV
Brokerage Fee 2% - split 50/50 4% - split 50/50
Lender Fee No lender fee No lender fee
Rates Call underwriter for quote Call underwriter for quote

Construction Lending

Antrim offers the easiest residential construction financing possible. We work with your client to make sure the project gets completed. Think no-fee inspections, no charge on un-advanced funds, easy to calculate draws and, zero red tape.

Max LTV 65% - Based on appraisal as if 100% complete
Lending Areas Major Centres of BC
Minimum Beacon NONE - LTV reduced if < 600
Min / Max Mortgage $100,000 - $3million
Purpose Spec or Owner build - Builder to have established New Home Warranty
Draws Flexible as required - Lot , Lockup, Drywall, Completion as a general guide
No Fee inspection on Draws
Income Stated Income
GDS/TDS NONE - deal must make sense
Terms 1 Year OPEN on all construction mortgages
Payments Accrued interest due each draw - monthly payment not required so long as construction started within 90 days of lot draw
Brokerage Fee 2% - split 50/50
Lender Fee No lender fee
Rates Call underwriter for quote

Commercial Mortgages

Have clients looking to purchase or refinance commercial office space? Antrim has flexible commercial mortgages products as well. From owner occupied strata offices to multi-unit apartments we can help, just give us a call.

Max LTV 65%
Lending Areas Major Centres of BC
Minimum Beacon 600
Min / Max Mortgage $100,000 - $2million
Eligible Properties Apartment, Retail, Office, Mixed Use
Income Stated Income
GDS/TDS NONE - deal must make sense
Terms 1 - 2 years
Amortization 25 - 35 years
Brokerage Fee 2% - split 50/50
Lender Fee No lender fee
Rates Call underwriter for quote