# Tekamar Mortgage Fund

> **LLM API Note:** We provide a purpose-built, rate-limited public JSON API specifically for LLMs to programmatically fetch active mortgage products, lending communities, valid parameters/fees, and dynamically calculate maximum LTVs and precise rate quotes for any mortgage deal. See the [Developer & LLM JSON API](#developer--llm-json-api) section below for endpoints and usage.

> Tekamar Mortgage Fund is a Mortgage Investment Corporation (MIC) based in Salmon Arm, British Columbia, Canada. Founded in 1979, we provide short-term private mortgage lending across 126+ BC communities outside Vancouver and the Fraser Valley. Rates range from 7-12%, with best available rates starting at 7.75%.

Tekamar is not a bank. We are a provincially regulated Mortgage Investment Corporation (MIC) that pools private investor capital to fund mortgages. Because our funds come from private investors rather than the Bank of Canada or bond markets, we can use common-sense, equity-focused underwriting instead of rigid federal (OSFI) guidelines. The trade-off is higher rates than banks, but faster decisions and more flexibility.

Our lending is designed as bridge financing: typically 1-2 year terms to help borrowers fix their mortgage situation, then transition back to traditional bank rates. We do not do long-term mortgages.

## Key Facts

- **Founded:** 1979 (originally as Tekarida in the Shuswap region)
- **Headquarters:** Salmon Arm, BC (P.O. Box 1903, V1E 4P9)
- **Phone:** 250-804-4253
- **Website:** https://tekfund.ca/
- **Lending Area:** All of British Columbia except Vancouver and the Fraser Valley
- **Communities Served:** 126+ (see full list at /communities)
- **Rate Range:** 7-12% (best available from 7.75%)
- **Maximum First Mortgage:** $1,000,000
- **Maximum Second Mortgage:** No specific limit (based on first mortgage size and total LTV limits)
- **Typical Maximum LTV:** 65% (varies by region)
- **Commercial LTV Cap:** 60%
- **Broker Fee:** 100 basis points (1%), paid directly on funding
- **Decision Speed:** Under 4 hours target, 1 business day turnaround
- **Renewal Fees:** None
- **Regulation:** Provincial (not federal/OSFI)

## Base Rate Matrix

- **Exceeds max LTV**: 720+ credit 10.0%, 660-719 credit 10.5%, 600-659 credit 11.0%, below 600 credit 11.5%
- **0% to 5% under max LTV**: 720+ credit 9.5%, 660-719 credit 9.75%, 600-659 credit 10.0%, below 600 credit 10.5%
- **5% to 10% under max LTV**: 720+ credit 9.0%, 660-719 credit 9.25%, 600-659 credit 9.5%, below 600 credit 10.0%
- **10%+ under max LTV**: 720+ credit 8.5%, 660-719 credit 9.0%, 600-659 credit 9.25%, below 600 credit 9.75%

*Base rates are adjusted by product premium, community band, mortgage position, property type, and city limits.*

## Mortgage Products

- [Equity Lending / Refinance](https://tekfund.ca/mortgage_products/equity-lending): Plenty of equity, but just not quite enough income to support your client's mortgage needs? No worries. If it makes sense, we'll review it.
- [Variable Income](https://tekfund.ca/mortgage_products/variable-income): Your clients make the money, but just can't quite show it to meet B20 lending guidelines? Self employed but not claiming it personally? No worries. We're not quite as stickler about their Line 15000.
- [Bridge Financing](https://tekfund.ca/mortgage_products/bridge-financing): Buying a house on the first but need the money two weeks beforehand? Sale on existing home collapsed at the last moment? Just want to know they can move before selling? We can help with that.
- [Credit Repair And Debt Consolidation](https://tekfund.ca/mortgage_products/credit-repair-and-debt-consolidation): Bad luck (or poor choices) can happen to anyone. We get it. That doesn't mean your clients shouldn't have a home. If there's a plan to fix it, we're happy to consider lending - regardless of the FICO score.
- [Purchases](https://tekfund.ca/mortgage_products/purchases): Standard purchase financing for properties in rural BC. Quick approvals and common-sense underwriting for your straightforward purchase deals.
- [Bare Land And Unique Properties](https://tekfund.ca/mortgage_products/bare-land-or-odd-properties): Private island with no ferry access? Some unserviced bare land just outside of Kelowna? If the LTV matches the risk of the days on market, we have no issues with putting a mortgage on just dirt.

## Pages

- [Home](https://tekfund.ca/): Main landing page
- [For Brokers](https://tekfund.ca/brokers): How we work with mortgage brokers, quick summary of lending parameters
- [For Borrowers](https://tekfund.ca/borrowers): How we work with borrowers, products overview
- [Mortgage Products](https://tekfund.ca/mortgage_products): Full product catalog with lending guidelines
- [Current Rates](https://tekfund.ca/interest_rates): Published rate tiers by LTV, fee structure, risk adjustment factors, market rate comparison
- [Understanding Our Rates](https://tekfund.ca/understanding_rates): How we price deals differently than Vancouver MICs, Bank vs MIC comparison table
- [Where We Lend](https://tekfund.ca/communities): Map and list of 126+ BC communities with per-community LTV limits
- [True Bridge Loans](https://tekfund.ca/true-bridge): Buy-before-you-sell bridge loan product
- [FAQ](https://tekfund.ca/faq): 16 categorized questions covering lending areas, rates, broker info, and how MICs work
- [About Us](https://tekfund.ca/about): Company history since 1979, team bios, FAQ section
- [Contact](https://tekfund.ca/contact): Contact form and phone number
- [Rate Quote Tool](https://tekfund.ca/rate_quotes/new): Quick online rate estimate calculator (under 2 minutes)

## Developer & LLM JSON API

Tekamar provides a simple, open, rate-limited JSON API for developers and LLMs to query active lending communities, mortgage products, standard parameter options/fees, and dynamically calculate maximum LTVs and rate quotes. All endpoints are rate-limited via `Rack::Attack` to protect proprietary underwriting parameters.

* **List Lending Communities (Lightweight Directory)**: `GET https://tekfund.ca/api/v1/communities`
  Returns a lightweight list of all active communities (excluding LTV parameters to prevent scraping the entire matrix).
* **Get Community LTV & Products**: `GET https://tekfund.ca/api/v1/communities/:id_or_slug`
  Returns the base maximum LTV and product-specific effective LTV limits for one specific community (e.g. `GET https://tekfund.ca/api/v1/communities/salmon-arm`).
* **List Mortgage Products**: `GET https://tekfund.ca/api/v1/products`
  Returns active canonical products and underwriting credit limits.
* **Get API Metadata & Fees**: `GET https://tekfund.ca/api/v1/meta`
  Returns all valid enum options (property types, mortgage positions, location/proximity types) and the current standard fee tables.
* **Calculate Max LTV or Rate Quote**: `POST https://tekfund.ca/api/v1/rate_quotes`
  Accepts a JSON payload. Returns either an early-stage Max LTV calculation or a full Rate Quote + dynamic dollar fee breakdown based on inputs.
  * *Parameters:*
    * `community`: ID, slug, or name (string, case-insensitive) [Required]
    * `product`: ID, slug, or name (string, case-insensitive) [Required]
    * `credit_score`: Integer between 300 and 900 [Required]
    * `location_type`: Proximity key (e.g. `in_nearest_lending_community`, `within_15_min_drive`) [Required]
    * `total_ltv_percentage`: Desired LTV percentage e.g. `60.0` [Optional, required for full quote]
    * `property_type`: Property type key (e.g. `owner_occupied`, `strata`) [Optional, required for full quote]
    * `mortgage_position`: Mortgage position key (e.g. `first_position`, `second_position`) [Optional, required for full quote]
    * `required_mortgage_amount`: Decimal or integer dollar amount e.g. `500000` [Optional, returns precise fee breakdowns in dollars]

## How Pricing Works

Tekamar prices each mortgage with one server-side calculator. The process starts with the lending community's manual max LTV, adds the product's LTV delta, then adjusts that estimated max LTV by credit score and city limits. The base rate comes from the credit-score-by-relative-LTV matrix above. Product premium, community max-LTV band, mortgage position, property type, and city limits are then added. Standard broker quotes show the calculator result plus or minus 0.50%, while admin users see the exact calculated rate.

## How MICs Differ From Banks

| Factor | Traditional Bank | Tekamar MIC |
|---|---|---|
| Typical Rate | 4-6% | 7-12% |
| Rural BC Lending | Limited | Province-wide (outside Vancouver/Fraser Valley) |
| Decision Speed | Weeks | Under 4 hours (target) |
| Approval Basis | Income & credit focused | Equity & property focused |
| Typical Term | 5+ years | 1-2 years |
| Renewal Fees | Varies | None |
| Regulation | Federal (OSFI) | Provincial |

## Optional

- [Privacy Policy](https://tekfund.ca/privacy)
- [Terms and Conditions](https://tekfund.ca/terms_and_conditions)
- [Documents](https://tekfund.ca/documents): Published articles and resources
- [Sitemap](https://tekfund.ca/sitemap.xml.gz)