Real Deal | APPROVAL for BFS client with 30-year amortization in Kanata, ON

Purchase APPROVED for BFS client
30-year amortization in Kanata, ON

This XMC Alternative deal features first-time home buyers coping with a major life event that left one of them unable to work.

The main applicant was approved as a part of our BFS Pro program designed to generate solutions for self-employed professionals. The registered vet tech with over three years of experience provided us with 12 months of business bank statements, together with supporting contracts and invoices.

While the approval was based solely on one income, we qualified the loan at 74% LTV and a 2.79% interest rate!

We’ll also cover complimentary Home System Warranty for the full year term for these first-time homeowners!

Deal Highlights

  • 30-year amortization
  • 2.79%
  • BFS Pro
  • Deal approved at 74% LTV
  • 1-year closed

CREDIT

  • GDS/TDS:49.03%/55.00%
  • Beacon scores:672/789

EMPLOYMENT

  • Type: Permanent full-time; BFS Owner
  • Tenure: 3 years

PROPERTY

  • Occupancy: Owner-Occupied
  • Location: Kanata, ON