Provide options to borrowers who fall outside of traditional credit requirements

With both the population and employment demographics of Canada changing so significantly, there are people who want to access a mortgage and own a home – but they may fall outside of traditional credit requirements.

Alternative lending offers a mortgage option for those people*. They get the chance to tell their stories, which provides the context for our underwriting specialists’ mortgage decisions.

  • Self-employed: a growing segment of the population with small business on the rise.
  • Rehabilitating credit: factors beyond people’s control (death in the family, divorce, children’s tuition) can affect their credit.

In our efforts to continuously go beyond service for you, so you can go beyond service for your clients, we have added Alternative lending to our mortgage menu. When you have a potential Alternative lending opportunity, you engage your Account Manager who will then engage one of our Excalibur underwriters to work collaboratively with you and your client to uncover his/her story:

At First National, we believe that every person should have the opportunity to access a mortgage and own a home. Our Alternative lending solution helps you make that a reality for more of your clients.

To learn more about Alternative lending or to initiate an opportunity, contact your Account Manager.

*Only available in Ontario

For Conventional Rates – add an additional 10 bps if amortization is >25 years

Adjustable rate mortgages:

5-Year Term: Prime -0.40% for the entire term. Three-month prepayment fee applies for the entire term.


Rates are for single-family residential mortgages.

Rates are subject to change without notice. 
E. & O. E.

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