B Lending

Alternative lending solutions for those who don't qualify with traditional lenders. More options than you might think.

Alternative Mortgage Solutions

Not everyone fits the traditional lending criteria, and that’s okay. B lending provides mortgage solutions for borrowers who may not qualify with major banks but still deserve the opportunity to own a home.

Who Benefits from B Lending?

B lenders offer flexibility for:

  • Self-employed individuals with non-traditional income documentation
  • New immigrants with limited credit history in Canada
  • Credit challenges including past bankruptcies or consumer proposals
  • Unique properties that don’t meet standard criteria
  • Higher debt ratios that exceed bank guidelines
  • Non-conforming income such as tips, commissions, or rental income

How B Lending Works

B lenders are legitimate financial institutions that operate with different qualification criteria than major banks. They include:

  • Trust companies
  • Credit unions
  • Mortgage investment corporations (MICs)
  • Private lenders

B Lending vs. A Lending

FactorA Lenders (Banks)B Lenders
Credit Score680+ typically required500-680 considered
Income VerificationFull documentationAlternative documentation accepted
Debt RatiosStrict limitsMore flexibility
Interest RatesLowerSlightly higher
Down PaymentAs low as 5%Often 20%+ required

The Path to A Lending

B lending is often a stepping stone. Many borrowers use B lenders to:

  1. Purchase a home when banks say no
  2. Rebuild credit through consistent payments
  3. Improve their situation over 1-2 years
  4. Transition to A lenders at renewal with better rates

What You’ll Need

For a B lending application, be prepared to provide:

  • Proof of income (tax returns, bank statements, or business financials)
  • Down payment (typically 20% or more)
  • Explanation of credit challenges (if applicable)
  • Property information
  • Employment or business details

Interest Rates and Fees

B lending rates are typically 1-3% higher than prime lending rates. Additional fees may include:

  • Lender fees (1-2% of mortgage amount)
  • Broker fees (in some cases)
  • Higher legal costs

Despite higher costs, B lending can be the right solution to achieve homeownership and improve your financial situation over time.

Is B Lending Right for You?

Let’s discuss your unique situation. I’ll help you understand all your options and find the best path forward, whether that’s B lending or another solution.

Ready to Get Started?

Let's discuss how I can help you with your b lending needs. Contact me for a free, no-obligation consultation.