Alternative Mortgages with First Circle Financial
Since 1991, First Circle Financial has worked closely with mortgage brokers to provide short term residential and construction equity-based mortgage financing solutions. It is our goal to provide straightforward mortgage solutions designed to help your clients when the banks cannot.
Some of the advantages we offer BC mortgage brokers include:
- Quick turnaround on application approvals (within 24 hours)
- Experienced underwriters
- Competitive rates
- Local presence (Major urban centers in B.C)
Our Rates
| Residential First | Residential Second | Construction | Commercial | Land | |
|---|---|---|---|---|---|
| Starting Rate | 5.95% | 7.95% | P + 4.00% | P + 4.50% | P + 5.00% |
| Starting Fee | 2.00% split | 2.00% split | 2.00% split | 2.00% split | 2.00% split |
| MAX LTV | 80% | 75% | 65% | 65% | 65% |
| Payments | Interest Only | Interest Only | Interest Only | Interest Only | Interest Only |
| Term | Up to 12 months | Up to 12 months | Up to 12 months | Up to 12 months | Up to 12 months |
| Prepayment | Open | Open | Open | Open | Open |
Lending Areas
The Lower Mainland
Greater Vancouver and Fraser Valley
Sea-to-Sky Corridor
Squamish, Whistler, and Pemberton
Vancouver Island
Victoria north to Courtenay/Comox
The Sunshine Coast
Gibsons and Sechelt
The Interior
Kamloops, Kelowna, Vernon, and Penticton
Other nearby cities may be considered on a case-by-case basis.
Contact Us
