What is in Canada the list to best 20 B mortgage lenders ?
In Canada, the list of the Top 20 B Mortgage Lenders is a curated reference that brings together the country’s leading alternative and non-prime mortgage providers.
In Canada, the role of the list of the Top 20 B Mortgage Lenders is to identify and organize the most important players in the Canadian B lending market; by doing so, it shows where borrowers, brokers, and investors can look when traditional “A lenders” are not an option.
What is a B mortgage lender in Canada ?
📌 Definition: B Mortgage Lender in Canada
A B mortgage lender in Canada is an alternative or non-prime lender that provides mortgages to people who don’t qualify with traditional banks and credit unions, often called A lenders.
Borrowers typically turn to a B lender if they have:
- Low or damaged credit scores,
- High debt-to-income ratios,
- Irregular income (such as self-employed or gig workers),
- Or past financial problems like bankruptcy or foreclosure.
🎯 How They Work
- A lenders (big banks, credit unions) use very strict approval rules set by regulators.
- B lenders are more flexible. They look at the whole financial picture, not just credit scores.
- Because they take on higher risk, B lenders usually charge higher interest rates and may ask for a larger down payment.
Who are the top ranking B-mortgage lenders in Canada ?
List of top 20 B‑mortgage lenders in Canada, including both alternative (“B-lender”) and private mortgage providers. These lenders serve borrowers who may not qualify under traditional bank credit criteria.
Equitable Bank (EQ Bank) — Offering alternative mortgage solutions for non‑prime borrowers. Equitable Bank
First National Financial (Excalibur) — One of Canada’s largest non-bank mortgage lenders. firstnational.ca
Home Trust Company — Known for its “Classic” program tailored to near-prime borrowers. Home Trust
MCAP — Canada’s largest independent mortgage finance company, serving diverse clients. mcap.com
Merix Financial — Specializes in alt-mortgage products and serves non-traditional income borrowers. MERIX Financial
CMLS Financial (CMLS Alternative / AVEO) — Offers customized alternative and private mortgage solutions. CMLS
MCAN Home Mortgage Corporation — Monoline lender offering mortgages across Canada. MCAN
Radius Financial — Approved lender with CMHC, delivering flexible mortgage products. radiusfinancial.ca
XMC Mortgage Corporation — Focused on uninsured B‑lender mortgage lending.
Reality Financial Advisors (RFA Alternative) — Alternative lending solutions via RFA’s alt‑lending division.
Alta West Capital — Private lender based in Alberta serving non-traditional borrowers.
Community Trust Company — Questrade’s private lender offering customizable mortgage financing.
Fisgard — Niche private mortgage lender specializing in unique borrower needs.
Haventree Bank — Regional alternative lender offering flexible mortgages.
Neighbourhood Holdings — Offers private alternative lending services in select markets.
Peoples Bank — Regional lender providing non-prime mortgage options.
Premiere — Alternative mortgage broker offering tailored solutions.
Strive Capital (Aspire) — Lender providing alt-mortgage solutions for underserved borrowers.
Three Point Capital — Private mortgage lender focused on alternative lending options.
Vault Credit — Offers credit and mortgage financing for non-traditional profiles.
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