🏦 B Lending Specialist
Alternative Mortgage
Solutions
Don't let traditional lending criteria stop you. Our B lending solutions are designed to help self-employed, new immigrants, and those with credit challenges get approved.
Learn More About B Lending
Who Can Benefit from Alternative Mortgages?
B lending is designed for hard-working Canadians who don't fit the traditional lending box. Here's who we help:
Self-Employed
Business owners who may not have traditional income documentation or T4s
Credit Challenges
Those recovering from bankruptcy, consumer proposals, or low credit scores
Non-Traditional Income
Commission earners, contractors, and gig workers with variable income
New Immigrants
Newcomers to Canada building credit history with no Canadian credit file
Benefits of B Lending
Alternative lenders offer flexibility that traditional banks cannot match. Here's what makes B lending work for so many Canadians:
- Flexible income verification — bank statements accepted instead of T4s
- Higher debt ratios accepted above standard bank GDS/TDS limits
- Stated income applications considered for self-employed borrowers
- Work with bruised or rebuilding credit from scores as low as 500
- Access to 50+ lenders including Equitable Bank, Home Trust, and private lenders
- Competitive B lending rates — lower than credit cards and unsecured personal loans
Our Simple Process
Getting an alternative mortgage doesn't have to be complicated. Here's how we make it easy:
1
Free Consultation
Discuss your situation and goals with Nalin
2
Document Review
We'll identify the best documentation for your case
3
Lender Matching
Find the perfect lender from our network of 50+
4
Approval & Closing
Guide you through to a successful closing
Frequently Asked Questions
Real answers to the questions Ontario borrowers ask most about alternative and B lender mortgages.
What is a B lender mortgage and how is it different from a bank mortgage in Ontario?
A B lender mortgage — also called an alternative mortgage — is provided by a non-traditional lender such as Equitable Bank or Home Trust. Unlike the Big Six banks, B lenders are not subject to Guideline B-20 stress test rules and can approve borrowers with complex income, bruised credit, or unique financial situations. The trade-off is a slightly higher rate — typically 1 to 3% above prime bank rates.
What credit score do I need to qualify for an alternative mortgage in Ontario?
Most B lenders in Ontario work with credit scores as low as 500 to 550, compared to the 650+ minimum at major banks. Some private lenders have no minimum score — they approve based primarily on property value and equity. The lower your score, the more down payment or equity you will need.
How much down payment do I need for a B lender mortgage?
B lender mortgages require a minimum 20% down payment since they are not CMHC insured. This means you also avoid paying the CMHC insurance premium (up to 4% of the mortgage amount). For refinances, B lenders can lend up to 80% loan-to-value, and some private lenders up to 85% LTV.
Can I get a mortgage in Ontario if I am self-employed and my income is hard to prove?
Yes — this is one of the most common situations we help with. B lenders accept bank statements, business financials, and stated income instead of T4s and NOAs. For self-employed borrowers with 2+ years of business history, many lenders will add back business expenses to increase your qualifying income.
I am a new immigrant to Canada with no Canadian credit history. Can I still get a mortgage?
Absolutely. Several B lenders offer New to Canada programs that consider international credit history, utility bills, and rental payment history. Permanent residents with 3+ months of full-time employment may qualify with as little as 5% down under CMHC's Newcomers to Canada program. Work permit holders typically need 3 months of Canadian employment history.
Are B lender mortgage rates higher than bank rates?
Yes — B lender rates are higher than traditional A lender rates, but significantly lower than credit cards or unsecured personal loans. Your exact rate depends on your credit score, available equity or down payment, property type, and the lender matched to your situation. Contact us for a no-obligation assessment based on your specific profile.
Can I switch from a B lender to a regular bank mortgage later?
Yes — and this is our recommended strategy. B lender terms are typically 1 to 3 years, giving you time to improve your credit, build income history, and fix any financial issues. At renewal, Nalin reviews your profile and works to move you to a prime A lender for a lower rate. Most clients achieve this within 1 to 2 years.
Will applying with a B lender hurt my credit score?
Every mortgage application triggers a hard credit inquiry that may temporarily lower your score a few points. Multiple mortgage inquiries within 14 days are counted as one by credit bureaus. We recommend a soft pre-qualification first. Do not apply with multiple banks on your own — each application reduces your score and makes approval harder.
Don't Let Banks Decide Your Future
Call us today for a free consultation and discover your alternative mortgage options in Scarborough, Ontario.