The following lenders are still doing 100% financing and 40-year amortizations (as far as we know):
- Abode
- ATB
- Bridgewater
- HSBC
- Merix
- Street Capital
- Xceed
There may be others so if we forgot one please email us!
100% financing will be ending at these remaining lenders any day now–in advance of the government’s new rules coming October 15. The exceptions are the alternative lenders:
- Wells Fargo, which will continue offering self-insured 100% financing (640+ minimum credit score)
- Citi Financial, which offers 100% self-insured refinances (610+ minimum credit score)
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Last modified: April 25, 2014
I got an e-mail from Merix earlier saying they will end their 100% financing and 40 year amortization on October 3rd
For brokers in Alberta- ATB will do 100% financing and 40 year amortizations until Oct. 14th.
Thanks Nelson,
Just added HSBC and Street Capital to the list as well…
Cheers,
Rob