Residential Mortgages

First Circle Financial provides short-term, residential, first and second, mortgage solutions to borrowers that do not meet conventional underwriting criteria. Our most popular product is a one-year open mortgage.

We are a non-income qualifying lender able to look past conventional debt servicing requirements. Our goal is to provide straightforward mortgage solutions designed to help your clients when the banks cannot.

Residential Product Features:

Loan size: $50,000 to $5,000,000
LTV: 80% on purchases and 75% on equity-take-outs
Fee: Minimum 2.00% – split 50/50
Payments: Interest only
Prepayment: Open
Term: 6-12 months
Down payment: No history required

First Circle Financial is able to consider the following:

  • Owner-occupied and revenue properties
  • Non-resident, corporate and self-employed borrowers
  • Bridge loans and inter alia charges
  • Recently discharged bankrupts
  • Debt consolidation loans
  • And much more!

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