Alta West’s Flex Second is a second mortgage product offering versatile fund usage with a focus on accessibility and speed. It’s fully open, allowing early repayment without penalties. This product features a true stated income program, requiring only a declaration letter signed at a lawyer’s office, with no minimum credit score, catering to a wide array of financial situations. Alta West stands out for its rapid funding capability, providing mortgages in as little as three days. Additionally, unlike some lenders, Alta West offers renewal options at the end of the term for borrowers who are up-to-date on their payments.

Key details

Max Loan to ValueMax Loan to Value (LTV) is the largest loan you can get based on your home's value. For a $500k house, 80% LTV means you can borrow $400k or pay $100k down. 75% of Home Value
Credit ScoreThe minimum credit score required to qualify. If you don't know your score, reach out and we can help. No minimum
Max Amortization 35 years
Mortgage Amount $ 70K - $ 500K

Rates and fees

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Disclaimer: This rate table represents the best rates available from this lender. Rates and fees may depend on several factors, such as your Loan to Value, credit history, income, property use, property location, etc. For a precise quote, fill out the form at the bottom of the page for a no-obligation call.

More information

2nd Mortgage Purchase Refinance Equity Takeout Debt Consolidation Power of Sale Rescue Foreclosure Rescue Tax Arrears Payout Bridge Loan Home Renovation Loan Private Lender Payout
Property Types
Detached Semi-detached Condo Townhouse Duplex Triplex Fourplex
Credit Challenges Borrow More Low Taxable Income Self-Employed Income Commission Income Rental Program
Prior Bankruptcy Prior Consumer Proposal Quick Funding Minimal Documents Self Employed < 2 Years No Payments Qualify at Contract Rate Short Term Rental Holding Company Borrowed Down Payment Gifted Down Payment Stated Income Interest-Only Payments Second Home

This section lists what the lender either does accept or they may consider on a case-by-case basis depending on the rest of the application. If it’s case-by-case, we try and include a note in the policy details to help give more specific information. But keep in mind alternative (private and ‘b’) mortgages are situation dependent and some of the above items can’t be combined. If you’re unsure or have a question, please fill out the contact form at the bottom of the page or speak with your mortgage professional.

About the Lender

Alta West Capital is a privately-owned financial services company based in Alberta, Canada, operating since 1991. It specializes in alternative lending solutions catering to a range of financial needs. The services offered include mortgage financing, home financing, property finance, rental property investment, mortgage refinancing, debt consolidation, and borrower advisory services. With a seasoned team, Alta West Capital takes pride in providing unique financial solutions, especially through alternative lending routes, helping both mortgage professionals and borrowers achieve their financial objectives. The company leverages real estate in Canada to secure loans, ensuring a stable and predictable return for investors through its investment funds. As a reputable financial intermediary, Alta West Capital continues to build on its legacy of over three decades, assisting clients in making informed financial decisions and moving closer to realizing their dream.

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The content on this website is for informational purposes only and does not constitute professional advice. Policies, rates, and fees are subject to change without notice at the lender’s discretion. There may be additional costs not mentioned on this page. Cost of financing is depends on the situation, and it is the responsibility of your mortgage professional to disclose that information at the time of application. In the event of a discrepancy between this page and the lender, the lender is assumed to be correct. Before making any financial decisions, please consult with a qualified mortgage professional. By using this website, you accept the above statement and our terms and conditions.