B-Lender
Lenders & FeesLast updated: September 2026
What is B-Lender in Canadian mortgages?
Alternative lenders for borrowers who don't qualify with A-lenders. Accept lower credit scores, self-employed stated income, and higher debt ratios.
What is the B-Lender limit for Canadian mortgages?
550-679 credit, higher rates (1-3% premium)
B-Lender example
Equitable Bank, MCAN, Home Trust accept self-employed with 2 years business history.
Related lenders & fees terms
A-LenderMajor banks (RBC, TD, BMO, Scotia, CIBC) and monolines (MCAP, First National, RMG). Best rates but strictest qualification requirements.Private LenderShort-term (6-12 months) high-rate loans for difficult scenarios. No credit score or income requirements.Monoline LenderA lender that offers only mortgages — no chequing accounts, credit cards, or other banking products. Typically offer lowest fixed rates and most borrower-friendly prepayment penalties (3 months interest only, not IRD).BDMLender representative who supports mortgage brokers. The BDM is the broker's direct contact at each lender for deal submissions, exceptions, and rate holds. bips includes a BDM directory.Lender FeeUpfront fee charged by B-lenders and private lenders on mortgage approval. Typically 0.5-2% of the mortgage amount for B-lenders, 1-3% for private lenders. Added to closing costs.Rate SheetDocument published by lenders listing current mortgage rates, terms, and product features. Updated weekly or as rates change. bips processes rate sheets automatically to keep lender data current.
How bips handles B-Lender
bips is an AI placement engine for Canadian mortgage brokers. It tests a borrower scenario against 40+ Canadian lenders in about two minutes, applying GDS, TDS, LTV, stress test and CMHC rules to every match. Free for the first 3 placements.
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