Neighbourhood Holdings offers a second mortgage product exclusively in British Columbia. This financial solution is compatible behind most A lenders and some B lenders but does not follow private lenders. A key advantage is that borrowers can access home equity without disrupting their existing mortgage terms. However, a notable limitation is the maximum loan to value (LTV) of 65%, which includes the balance of the current mortgage. This condition makes it most suitable for homeowners with considerable equity. This product is a strategic option for those looking to leverage their home’s value while maintaining their primary mortgage arrangement.

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. 65% of Home Value
Credit ScoreThe minimum credit score required to qualify. If you don't know your score, reach out and we can help. 640 minimum
Max Amortization 40 years
Mortgage Amount $ 75K - $ 225K

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 Tax Arrears Payout Home Renovation Loan
Property Types
Detached Semi-detached Condo Townhouse Duplex Triplex Fourplex
Self-Employed Income Commission Income New to Canada Low Taxable Income
Stated Income Self Employed < 2 Years Foreign Down Payment Gifted Down Payment Holding Company Qualify at Contract Rate Short Term Rental Minimal Documents Interest-Only Payments

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

Neighbourhood Holdings is a private alternative mortgage lender based in Vancouver, British Columbia, Canada. Established in 2015, the company provides competitively priced alternative first mortgages, aiming to fill the gap in a mortgage market predominantly controlled by traditional banks. With a mission to offer accessible and simple mortgage financing through common-sense lending practices, Neighbourhood Holdings caters to Canadians in search of residential properties. As of a recent update, the company has surpassed $300 million in assets under management, having funded nearly $900 million in alternative mortgages since inception. The firm employs modern industry technology to deliver fast, competitive short-term financing solutions.

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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.