Program Highlights

• 560 Minimum beacon score 
• Owner Occupied 
• Purchases and Refinances up to 80% LTV
• Standard Income Qualifications apply including Stated BFS 
• 50/50 GDS/TDS with 30 years amortization

WE WILL CONSIDER:

• Ex-Bankruptcy past 6 months discharged**
• Consumer Proposal** (we will refinance to payout proposals and no minimum wait time for purchases after proposal is completed)
• Payout CRA/HST Tax in Arrears
• Property Tax in Arrears
• High Utilization and Over Credit Limits

**Please note: double bankruptcies or double consumer proposal or one of each for the same borrower, won’t be considered 

Reasons for Bruised Credit:

• Loss of Job/Disruption of Income
• Medical Emergency 
• Family Emergency
• Funeral Expenses 
• Divorce 
• Unexpected Household Expenses or Repairs 

TELL US THE CLIENT’S STORY! 

Explain the reasons why your client has poor credit as part of your submission notes! 

Elaborate on the client’s credit history and issues to help the Underwriter understand the rationale behind the client’s Bruised Credit situation.

This will help with the efficiency at time of review and improve Turn-Around Time! 

** Minimum beacon score requirement is 560 for Owner Occupied**

*** Minimum beacon score requirement is 600 for Rentals***