B-Lenders (Alt-A) Mortgages in BC
June 28, 2025 | Posted by: Alex Vinarski
B-Lenders (Alt-A) Mortgages: A Flexible Solution When Banks Say No
What is a B-Lender Mortgage?
B-lender mortgages (also called 'Alt-A' loans) provide financing for borrowers who don't qualify with traditional banks but need better rates than private lenders offer. These alternative lenders fill the gap between strict bank requirements and expensive private mortgages.
Who Needs a B-Lender Mortgage?
✔ Self-employed professionals
✔ Borrowers with bruised credit (500-650 scores)
✔ Those with high debt ratios
✔ Borrowers with non traditional income- tips, commission, cash income
Key Benefits of B-Lender Mortgages
✅ More flexible qualification - Bank statements instead of tax returns
✅ Better rates than private loans - Typically 5-6%
✅ Longer terms available - 1-5 year terms (vs 1-2 with private)and no renewal fee
✅ Higher loan amounts - Up to 80% LTV.
How B-Lenders Differ From Banks & Private Lenders
| Feature | A Lender (Banks) | B Lender (Alt-A) | Private Lender |
|---|---|---|---|
| Credit Score | 680+ | 500-650 | No minimum |
| Income Proof | Full documentation | Bank statements | No verification |
| Interest Rates | Lowest (4-5%) | Moderate (5-7%) | Highest (5.99-12%) |
| Approval Time | 2-4 weeks | 1-2 weeks | 3-7 days |
Smart Tips for B-Lender Borrowers
⚠ Watch for fees - Most lenders charge 1% lender fees
⚠ Plan to refinance - Use the 1-3 year term to improve your finances
⚠ Work with a broker - We know which lenders offer the best terms
Need B-Lender Financing?
As an experienced mortgage broker, I work with multiple alternative lenders to find you the best solution. Contact me today to explore your options!
