Neighbourhood Holdings’ RateSense is a mortgage product introduced to provide competitive rates for highly qualified borrowers. It’s tailored for a variety of situations, including rush closings, self-employed individuals, and transitional homeowners, without the usual constraints of conventional lending ratios. RateSense features a one-year closed term with a straightforward 3-month interest penalty for early payments. Applicants require a minimum credit score of 640. The product is specifically available in Lower Mainland, from West Vancouver to Langley, and in Greater Victoria, focusing on key urban areas to offer a targeted and efficient lending service.

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 $ 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

Purchase Refinance Equity Takeout Debt Consolidation Tax Arrears Payout Bridge Loan Home Renovation Loan
Property Types
Detached Semi-detached Condo Townhouse Duplex Triplex Fourplex
Borrow More Commission Income Self-Employed Income New to Canada Low Taxable Income Rental Program
Interest-Only Payments Minimal Documents Prior Bankruptcy Prior Consumer Proposal Second Home Foreign Down Payment Holding Company Quick Funding Qualify at Contract Rate

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.