Select a location from above to display BDMs
Contact a BDM
Senior 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
Select a location from above to display BDMs
Contact a BDM
Senior 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

The Gateway Alternative Income Mortgage™

how do mortgage companies verify income

A mortgage program for self-employed clients with non-traditional income sources.

The Gateway Alt Income Mortgage is a mortgage program designed for self-employed clients who aren’t able to prove their income in a traditional way.

A solution for clients with a beacon of 620 or higher.

CREDIT

  • 620+ beacon for primary borrower
  • 550+ for co-borrowers
  • Discharged from bankruptcy for minimum 12 months with re-established credit
  • Consumer proposals considered (must be discharged or paid out from proceeds)

GDS/TDS

  • Maximum of 45% GDS / 50% TDS

LTV

  • Up to 80% (maximum for primary financing or primary plus secondary financing)
  • Up to 65% for self-declared

AMORTIZATION

  • Up to 30 years for self-employed
  • Up to 25 years for self-declared

DOWN PAYMENT

  • 10% must be from own resources; 20% minimum
  • 10% must be from own resources; 35% minimum for self-declared
  • See BwBbrokerinfo.ca/down-payment for a list of approved down payment sources

PROPERTY TYPE

  • Marketable, owner-occupied properties
  • Second and vacation properties

DOCUMENTS

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