The CMLS Alternative Solutions provides a flexible approach to lending, offering a lower cost alternative to ‘full private’ lenders for borrowers that don’t quite qualify for ‘b’ mortgage lenders. It allows fully self-declared income, requiring only reasonable proof like recent bank statements, but not tax documents. Offering flexibility, it features options like interest-only payments or up to 40-year amortization. The process is efficient, with a possibility of closing in as quick as 5 business days.

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. 600 minimum
Max Amortization 40 years
Mortgage Amount $ 200K - $ 1.5M

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

Purchase Refinance Equity Takeout Debt Consolidation
Property Types
Detached Semi-detached Condo Townhouse Duplex Triplex Fourplex
Self-Employed Income Rental Program
Stated Income Quick Funding

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

CMLS Alternative Solutions is a flexible private lending solution from CMLS Financial, complementing their prime lending and AVEO product lineups. This unique offering provides increased flexibility, tailored to suit a wider range of borrower needs. It's designed to make homeownership more achievable across Canada, especially for those who may not fit the traditional lending criteria. As part of CMLS Financial, a well-established mortgage lender, this program combines the company's strong financial background and client-focused approach to deliver bespoke mortgage solutions that help more Canadians realize their dream of owning a home.

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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.