Alternative mortgage options

Provide options to borrowers who fall outside of traditional credit requirements

At First National, we believe that every person should have the opportunity to access a mortgage and own a home, even if they fall outside of traditional credit requirements.

Alternative lending (Excalibur) 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 Excalibur to our mortgage menu. When you have a potential Excalibur 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. Excalibur helps you make that a reality for more of your clients.

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

*Only available in Ontario, British Columbia and the Prairies

Lending Areas

Find out if your potential Excalibur opportunity is in one of our lending areas.

View the full list

Do you have questions about Excalibur?

Contact Livia Pellegrino, our resident Excalibur specialist.

Contact your Account Manager

Recent closings

Debt consolidation for bruised credit applicant with pensioner co-applicant

Jun 18, 2019, 11:28 AM
  • Refinance of owner-occupied home
  • LTV 60%, beacon score of 616
  • Paid off existing private 1st mortgage, private 2nd mortgage and all credit bureau debts (savings of $315/month)
  • Full-time income supported with recent job letter and pay stub
  • Co-applicant is a pensioner confirmed with three months bank statements and beacon score of 578
Term / Rate :

Mortgage Solutions

The more options that you have, the more borrowers you can service. Get familiar with our portfolio of mortgage solutions tailored to the needs of today’s changing borrowers.