We are dedicated to providing residential and commercial mortgage financing in Canada, the United States & Mexico.
Residential Products
SoBankable has a variety of residential first and second mortgage products that can be customized to suit your client’s needs. We are invested in your success and will work with you to get your deal done.
We are the preferred choice for alternative residential mortgage financing because we offer:
- Competitive rates
- Fast approval times
- The ability for you to set your fee
- No beacon score concerns
- Access to a large mortgage capital base
- Unparalleled experience in private mortgage lending
- In depth knowledge of the Alberta, BC, Saskatchewan, Southern Ontario, the United States and Mexico markets
- An established team of experts specializing in real estate transactions for foreign buyers
- Flexible terms and renewal conditions
LTVs
First and Seconds
- 75% in major urban centres.
- Up to 75% on apartment-style condos.
- 65% on urban acreages
- 50-55% smaller market areas
Rates & Fees
- Start at 10.5% for Firsts and 12.5% Seconds
- Lender Fees- 2% on Firsts, 3% on Seconds (minimums apply based on loan amount – $1500, $2500, $3500 until 2 or 3% become greater);
- Broker Fees- You set! (Cannot exceed Lender fee)
Market Area
- Alberta
- British Columbia
- Saskatchewan – Only Firsts in Saskatoon and Regina
- Ontario – Major Urban Centres of South Ontario
- The United States
- Mexico
Standard Guidelines
- Terms standard are 1 year, can be longer if requested
- Amortization up to 30 years or interest only
- 3 months interest pre-payment penalty on closed mortgages
- Fully open terms available (rates & fees may be adjusted)
- Appraisal required on all deals. (CRA or AACI only) Caplink will also have their realtors’ opinion of value. Lesser of which will be used to qualify.
- All mortgages are renewable, with low renewal fees.
*Rates and fees are based on market area, property condition, borrower’s ability to pay and income verification (if any). Subject to change without notice
Commercial Products
SoBankable offers a diverse range of commercial mortgage products that can be tailored to meet the unique needs of your business clients. We are committed to your success and will work closely with you to ensure your deal is completed efficiently.
We are the preferred choice for alternative commercial mortgage financing because we offer:
- Competitive rates
- Fast approval times
- The flexibility for you to set your fee
- No credit score concerns
- Access to a large mortgage capital base
- Unparalleled experience in private mortgage lending
- In depth knowledge of the Alberta, BC, Saskatchewan, Southern Ontario, the United States and Mexico markets
- An established team of experts specializing in real estate transactions for foreign buyers
- Flexible terms and renewal conditions
LTVs
First & Seconds
- 75% in major urban centres or within 10-15 kms of communities with a population of 25,000 and over.
- 50-65% smaller market areas.
Rates & Fees
- Start at 10.5% for Firsts and 13% Seconds
- Lender Fees – 2% on Firsts, higher on Seconds (minimum $3500)
- Broker Fees- You set. (Cannot exceed Lender fee)
Market Area
- Alberta
- British Columbia
- Saskatchewan – only Firsts in Regina and Saskatoon
- Ontario – only Major Urban Centres of Southern Ontario
- The United States
- Mexico
Standard Guidelines
- Terms typically quoted as 1 year
- Amortization up to 30 years or interest only
- 3 months interest pre-payment penalty on closed mortgages. Fully open terms available (rates & fees may be adjusted)
- Appraisal required on all deals. Must be from approved appraiser list. Caplink will also have their realtors’ opinion of value. Lesser of which will be used to qualify
- All mortgages renewable, low renewal fees
Additional Requirements
- May require the following items depending on the deal:
- Environmental & Mechanical reports
- Permits, surveyor & engineering reports
- Other conditions as required
Edmonton & Surrounding
Company | Phone |
---|---|
Frost & Associates Realty Services Inc. | 780-462-1782 |
Harrison Bowker Real Estate Appraisers | 780-458-3814 |
Calgary & Surrounding
Company | Phone |
---|---|
Atkinson & Associates | 403-212-1103 |
Sage Appraisals | 403-532-8996 |
Red Deer/Olds & Surrounding
Company | Phone |
---|---|
Red Deer Appraisals Ltd. | 403-350-8438 |
Steckler Real Estate Appraisals | 403-392-2547 |
Soderquist Appraisals Ltd. | 403-346-55-33 |
Lethbridge & Surrounding
Company | Phone |
---|---|
Lethbridge Property Appraisals Inc. | 403-329-9000 |
Reliance Appraisal Consultants Ltd. | 403-328-9351 |
Medicine Hat & Surrounding
Company | Phone |
---|---|
Tru Appraisals | 403-580-8215 |
Accord Appraisal Company | 780-679-0303 |
North East Alberta- Athabasca/Slave Lake/ Lac La Biche/Fort McMurray/Cold Lake/ Bonnyville/Lloydminster/Wainwright/Provost
Company | Phone |
---|---|
Landucation Consulting Ltd. | 1-888-870-0204 |
Chalifour Denis & Associates – Ft. Mac | 780-743-1331 |
M.I.T. Appraisals Ltd. (200 Km radius of Lloydminster) | 780-875-3500 |
North West Alberta: Grande Prairie/Peace Country/Yellowhead County/Grande Cache/Fox Creek/Woodlands County
Company | Phone |
---|---|
Accu Pro | 1-877-938-9776 |
Biegel & Perra Appraisals | 780-814-6123 |
Baldwin Appraisers (Grande Prairie) | 780-539-6560 |
Slavik McCartney Appraisals | 780-865-7371 |
East Central Alberta: Camrose/Vegreville/Wetaskawin
Company | Phone |
---|---|
Altario Appraisal Co. Ltd. | 780-672-1028 |
City Appraisals Ltd. (must be CRA) | 780-679-0303 |
Lower Mainland
Abbotsford
Company | Phone |
---|---|
Adlaw Appraisals Ltd | 604-809-8506 |
ARC Apprials | 604-853-4887 |
Best Home Appraisals | 604-618-5028 |
Neimi Laporte & Dowle Appraisals | 604-438-1628 |
Richardson Appraisals | 604-852-6755 |
Urban Valley Appraisals | 1-888-852-8087 |
Chilliwack
Company | Phone |
---|---|
Adlaw Appraisals Ltd | 604-809-8506 |
Bakersview Realty Appraisal | 604-793-0136 |
Best Home Apprasials | 604-618-5028 |
Lawrenson Walker Realty Advisors | 604-535-1494 |
Neimi Laporte & Dowle Appraisals | 604-438-1628 |
Fortin Appraisals Ltd. | 604-858-7124 |
Fraser Valley Apprasials Ltd | 604-792-2133 |
Urban Valley Appraisals | 1-888-852-8087 |
Coquitlam
Company | Phone |
---|---|
Adlaw Appraisals Ltd | 604-809-8506 |
Neimi Laporte & Dowle Appraisals | 604-438-1628 |
Bramwell & Associates Realty Advisors Inc. | 604-608-6161 |
Intercity Appraisals Ltd. | 604-944-3282 |
Leemore & Associates | 604-671-4535 |
Maple Ridge
Company | Phone |
---|---|
Urban Valley Appraisals | 1-800-852-8087 |
Mission
Company | Phone |
---|---|
Lawrenson Walker Realty Advisors | 604-535-1494 |
Urban Valley Apprasials | 1-800-852-8087 |
Pitt Meadows
Company | Phone |
---|---|
Urban Valley Appraisals | 1-800-852-8087 |
Squamish
Company | Phone |
---|---|
Adlaw Appraisals Ltd. | 604-809-8506 |
Gateway Appraisals | 604-677-1188 |
Neimi Laporte & Dowle Appraisals | 604-438-1628 |
Walton Apprasials Ltd. | 604-892-2311 |
Surrey/White Rock/Langley
Company | Phone |
---|---|
Adlaw Appraisals Ltd | 604-809-8506 |
Bakersview Realty Appraisal | 604-793-0136 |
Best Home Appraisals | 604-618-5028 |
Bramwell & Associates Realty Advisors | 604-608-6161 |
Hooker Craig Lum Group | 778-571-2321 |
Lawrenson Walker Realty Advisors | 604-535-1494 |
Neimi Laporte & Dowle Advisors | 604-535-1494 |
Surrey Home Appraisal | 604-786-8668 |
Urban Valley Appraisals | 1-800-852-8087 |
Vancouver Appraisals | 604-608-6161 |
Vancouver/Delta
Company | Phone |
---|---|
Adlaw Appraisals Ltd | 604-809-8506 |
Aedis Canvoucer | 604-852-7585 |
Best Home Apprasials | 604-618-5028 |
Bramwell & Associates Realty Advisors | 604-608-6161 |
Campbell & Pound | 604-270-8885 |
Cunningham & Rivard Appraisals | 604-985-8761 |
Gateway Appraisals (North Vancouver) | 604-677-1188 |
Lawrenson Walker Realty Advisors | 604-535-1494 |
Neimi Laporte & Dowle Advisors | 604-535-1494 |
Surrey Home Appraisal | 604-786-8668 |
Vancouver Appraisals | 604-608-6161 |
Interior
Kamloops
Company | Phone |
---|---|
Frilan Appraisal LLP | 250-374-9941 |
Flynn Mirtle Moran | 250-374-7731 |
Kelowna
Company | Phone |
---|---|
A-1 Appraisals Ltd. | 250-374-9941 |
Adlaw Apprasials Ltd | 250-374-7731 |
Aedis Okanagan | 250-374-9941 |
Okanagan Appraisals | 250-374-7731 |
Penticton
Company | Phone |
---|---|
Inland Appraisals Ltd. | 250-374-9941 |
North Country Appraisals | 250-374-7731 |
South Okanagan Appraisals | 250-374-9941 |
Vernon
Company | Phone |
---|---|
L.E. Rivard & Associates | 250-374-9941 |
Okanagan North Appraisals | 250-374-7731 |
Schoenne & Associates | 250-374-9941 |
Other Areas
Prince George/Quesnel
Company | Phone |
---|---|
C. H. Godfrey Appraisals Ltd. | 250-563-1208 |
Vancouver Island
Campbell River
Company | Phone |
---|---|
Associated Appraisers | 250-202-0163 |
Cunningham & Rivard | 250-287-9595 |
Courtenay/Comox
Company | Phone |
---|---|
Associated Appraisers | 250-897-8771 |
Precision Appraisal Group | 250-897-5046 |
Duncan/Cowichan
Company | Phone |
---|---|
Astro Appraisers | 250-748-3159 |
Lawrenson Walker Realty Advisors | 250-384-1494 |
Nanaimo
Company | Phone |
---|---|
Aedis | 604-682-7585 |
Cunningham & Rivard | 250-753-3428 |
Central Island Appraisals | 250-619-1155 |
Isle West Appraisals | 250-756-1779 |
Vancouver Island Appraisals Ltd. | 250-753-4022 |
Port Alberni
Company | Phone |
---|---|
PCAG Property Asvisors | 250-723-5099 |
Victoria
Company | Phone |
---|---|
Aedis | 604-682-7585 |
Baker Osland | 250-475-2221 |
D.R. Coell & Associates | 250-388-6242 |
Neimi Laporte & Dowle Advisors | 604-438-1628 |
Thibault & Company | 250-361-2029 |
Lawrenson Walker Realty Advisors | 250-384-1494 |
Regina
Company | Phone |
---|---|
Brunsdon Lawrek & Associates | 306-244-5900 |
Crown Appraisals | 306-359-3111 |
Fox Appraisals & Real Estate Consultants | 306-545-5200 |
Saskatoon
Company | Phone |
---|---|
Dream Home Appraisal Company Ltd. | 306-944-4455 |
Brunsdon Lawrek & Associates | 306-244-5900 |
TBD – SoBankable will notify subject to application package