Overview

CMLS Aveo’s Investment Income Program offers a unique mortgage solution for individuals with significant net worth, even if their current income doesn’t meet typical lending criteria. This program allows approvals based on net worth or a combination of income and net worth, with no minimum liquid asset requirement. It’s particularly useful for those in job transitions, retirees, or with variable incomes. For instance, someone earning $80,000 but needing $100,000 to qualify can use $50,000 in liquid assets to bridge the gap. Similarly, a person with no income but $250,000 in liquid assets could be viewed as having a $100,000/year income over two years. This flexible approach makes it a viable option for leveraging net worth in mortgage applications.

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. 80% of Home Value
Credit ScoreThe minimum credit score required to qualify. If you don't know your score, reach out and we can help. 550 minimum
Max Amortization 30 years
Mortgage Amount $ 100K - $ 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

Transaction
Purchase Refinance Equity Takeout Debt Consolidation Tax Arrears Payout Bridge Loan Home Renovation Loan
Property Types
Detached Semi-detached Condo Townhouse Duplex Log Home Acreage
Program
Credit Challenges Borrow More
Tags
Prior Bankruptcy Active Consumer Proposal Prior Consumer Proposal Second Home Stated Income Gifted Down Payment Borrowed Down Payment

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

The AVEO™ mortgage product line, offered by the Canadian lender CMLS, is an alternative mortgage option designed to accommodate the diverse and often unpredictable financial situations of individuals. AVEO's underwriting process places an emphasis on a broader spectrum of credit analysis. This method takes into account the full scope of a borrower's life situation, aiming to provide a more comprehensive evaluation of their creditworthiness. This approach has the potential to benefit those who may be unable to secure a mortgage through conventional lending channels.

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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.