Borrowers can encounter unique challenges when financing non-warrantable condos and condotels or condo hotels. Our team of experienced mortgage professionals are here to help you meet your client’s needs and are dedicated to making the transaction a smooth and seamless buying experience.
80% primary or second home
60% investment property
75% primary or second home
No efficiency or studio condos must be minimum 500 square feet. Exceptions made on a case-by-case basis, with a reduced LTV.
Must have a full-size kitchen and separate bedroom
All Condos require a completed Advancial Condominium Questionnaire1 and must pass our underwriter review
See Work Visa/Expatriate/Immigrant Loan Program sheet for details.
See Asset Depletion Program for details.
Allowed at max 70% LTV
See Guidelines for details.
Foreign National Eligibility
See Foreign National Program sheet for details.
Please note we do not allow the following: blackout dates, incomplete construction of the subject phase or pending litigation that implies structural deficiencies.2
1 Advancial questionnaires MUST be filled out completely with no question answered N/A, Unknown or left blank
2 Litigation considered on a case-by-case basis.
Download our complete Portfolio Mortgage Program Guidelines