CANADA LIST OF TOP 20 B MORTGAGE LENDERS

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.

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🎯 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.