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Lending Guidelines

At Vanmortgage, we know your time is valuable and promise quick feedback on your files. We have flexible solutions and a knowledgeable team to help you and your clients.

While every loan is different, our general guidelines are outlined here:

Lending areas:
  • GVA
Residential property:
  • Owner occupied, second homes, rentals and vacation property
  • Will consider bare land and development loans case by case
Product details:
  • Purpose: Purchase or refinance
  • Rates: files priced according to risk
    • 1st’s starting at 7.99%
    • 2nd’s starting at 8.99%
    • Vacant Land starting at 8.99%
  • LTV – up to 75% LTV
  • Payments – interest only
  • 1-year terms
  • Mortgage size
    • Min $50k
    • Max – call us to discuss
  • fee: 50/50 split 
  •  

Approved Appraisers:

  • Niemi Laporte        
  • Macintosh