Select a location from above to display BDMs
Contact a BDM
Manager, B2B Solutions
Jason Provencher Phone: 403.472.7340 Toll Free: 1.888.472.7340 Fax: 403.718.3042 jprovencher@bridgewaterbank.ca
British Columbia
Yvonne Futter Phone: 604.506.7114 Toll Free: 1.866.867.1777 Fax: 403.718.3042 yfutter@bridgewaterbank.ca
Edmonton, central & northern Alberta
Laura Cook Phone: 587.341.4160 Toll Free: 1.844.430.4846 lcook@bridgewaterbank.ca
Ontario north, central & Niagara region
Matt Royston Phone: 705.730.9387 Toll Free: 1.855.730.9387 mroyston@bridgewaterbank.ca
Select a location from above to display BDMs
Contact a BDM
Manager, B2B Solutions
Jason Provencher
Phone: 403.472.7340
Toll Free: 1.888.472.7340
Fax: 403.718.3042
jprovencher@bridgewaterbank.ca
British Columbia
Yvonne Futter
Phone: 604.506.7114
Toll Free: 1.866.867.1777
Fax: 403.718.3042
yfutter@bridgewaterbank.ca
Edmonton, central & northern Alberta
Laura Cook
Phone: 587.341.4160
Toll Free: 1.844.430.4846
lcook@bridgewaterbank.ca
Ontario north, central & Niagara region
Matt Royston
Phone: 705.730.9387
Toll Free: 1.855.730.9387
mroyston@bridgewaterbank.ca

Down payment sources

Where is your client’s down payment coming from?

Banks must be diligent in following anti-money laundering rules and regulations to verify down payment funds are coming from a legitimate source.

Down payments with Bridgewater Bank can be paid from your client’s own sources or through other means with a minimum of 10% coming from your client’s own sources.

Client’s own resources:

  • Borrower’s own savings
  • Income tax refund
  • Withdrawal from RRSPs under Home Buyers’ Plan (HBP)
  • Equity in property or from sale in another property
  • Land equity
  • Gift from immediate family (indicated with a gift letter; we may also require proof of the ability to gift the funds through bank statements from the source providing the funds)

Remaining down payment sources:

  • Any of the options in the above list
  • Unsecured borrowed funds (must be debt serviced at 3%)
  • Funds borrowed against proven assets

Underwriting tip: Make your client’s life easier by having funds showing in their account 90 days prior. This will save on added paperwork and frustration.


More information and resources:

Income verification

Net worth assets

Gateway product standards

Lending areas

Home Buyers’ Plan

Ask about our Easy and Elite Suites

Give us a shout
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