Bridgewater Bank Mortgages & Alternative Lending
Bridgewater Bank’s alternative lending solutions (Gateway) opens paths to home ownership for your customers who have difficulty getting financing through traditional means (the big banks). We’ve created Gateway for brokers and their customers who appreciate the importance of having experts shepherd them through more difficult alternative lending landscapes.
Mortgages
The Gateway Alternative Income Rental Mortgage™
A mortgage program for clients looking to purchase or refinance an investment property
Learn MoreThe Gateway Alternative Income Mortgage™
A mortgage program for self-employed clients with non-traditional income sources
Learn MoreThe Gateway Simple Mortgage™
For your clients with straightforward, proven income sources.
Learn MoreThe Gateway Rental Mortgage™
For your clients looking to purchase or refinance one or more investment properties.
Learn MoreThe Gateway Self-Employed Mortgage™
For your self-employed clients with traditional, proven income.
Learn MoreThe Gateway Open Mortgage™
For your clients looking for flexible, short-term financing with no restrictions.
Learn MoreThe Gateway Remedy Mortgage™
For clients looking to rebuild their challenged credit.
Learn MoreThe Progress Advance Mortgage (+Land)™
A smooth start-to-finish solution for your ready-to-build clients.
Learn MoreInsured Lending
Our Progress Advance Mortgage (+Land) offers a smooth, start-to-finish solution for your ready-to-build clients. With the addition of a land advance option, there is no need to send your client to a bank branch. With this fair and robust product, your client also has the option to switch without penalty upon completion.
Additional product information
Bridgewater Bank Gateway mortgages can be used for purchases, refinances or equity take outs. Our mortgages are available in 1 year, 2 year and 3 year terms.
Prepayment privileges* are available. Up to 20% of loan amount (minimum of $500) can be paid once a year on the anniversary date of mortgage (unused portion cannot be carried forward).
We also offer a 3-2-1 PAYOUT*. We recognize that Gateway Mortgages aren’t forever and your client may need to leave early. Our 3-2-1 payout is simple to understand with no complicated formulas. It’s as easy as 1, 2, 3! Early payout amounts are based on which year of the mortgage the customer is in:
- Year 1 = 3% of remaining balance
- Year 2 = 2% of remaining balance
- Year 3 = 1% of remaining balance
*Certain conditions may apply.
Visit our Gateway product standards page for full details that apply across all Gateway alternative lending products.
Need an alternative lending partner for your deals?
From Ajax to Zehner, for purchases or refinances, our experts are here to help. Have questions? No problem. Your local BDM is just a phone call away.