The Gateway Alternative Income Rental Mortgage™

A mortgage program for clients looking to purchase or refinance an investment property.

The Alternative Income Rental Mortgage is a mortgage solution for rental property investors who have non-traditional income.

CREDIT

• 600+ beacon for primary borrower
• 550+ for co-borrowers
• Minimum personal net worth of $50,000; visit BwBbrokerinfo.ca/assets
• 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 75% (maximum for primary financing or primary plus
  secondary financing)

AMORTIZATION

• Up to 25 years

DOWN PAYMENT

• 10% must be from own resources; 25% minimum
• See BwBbrokerinfo.ca/down-payment for a list of approved down payment
  sources

PROPERTY TYPE

• Legal, owner occupied or non-owner occupied rental/investment properties
• Single family, duplex, fourplex, townhouse, apartment, condo
• Property must be registered in personal name
• Non-conforming suites in major markets that conform to municipal zoning requirements considered
• Refer to lending locations – all areas marked with * are accepted rental lending areas

DOCUMENTS

• Visit BwBbrokerinfo.ca/income for a list of accepted income docs