We’re willing to consider any and all properties located in our lending areas so long as the expected days on market makes sense against the loan to value. That means we’ll consider true unserviced bare land, tree-forts, mobile homes with additions surrounding the entire unit and everything in between.
65%
Bare land? No - available in all lending areas. Odd properties are case by case review.
| Document Name | Description |
|---|---|
| Subject Property Appraisal | An appraisal of the property by one of our approved appraisers. |
| Confirmation of Ability to Pay | An explanation and/or some bank statements or other proof confirming the client can afford payment. |
| Identification | Two pieces of ID, at least one being government issued. |
| Credit Bureau | An Equifax credit bureau for each borrower on the application, pulled within 30 days of submission. |
| Community Name | Max LTV | Special Terms |
|---|---|---|
| Chetwynd | 55.0% | Standard product terms |
| Salmon Arm | 65.0% | Special LTV for this community |
| Enderby | 60.0% | Standard product terms |
| Courtenay | 70.0% | Standard product terms |