You can now submit mortgage applications directly to SkyCap Financial through Velocity!
No Brokerage or Broker/Agent sign up required.
What We Do
- 1st and 2nd mortgages up to 90% LTV (Ontario Only)
- Flexible Terms from 1-5 years and ability to match term with the 1st so you can refinance at maturity.
- Funds for any reasonable purpose such as:
- Home Renos
- Down Payment for another property purchase
- Debt Consolidation
- Emergency Loans
- Ability for you to control the process, charge your own broker fee, in addition to the finder’s fee paid and sell your own MPP Insurance.
- Finder’s Fee of 200 BPs on closing.
Lending Criteria
- Ontario Properties only: Owner Occupied, No Rentals.
- Minimum Credit Score of 550 (lender will pull Transunion Bureau)
- All verifiable income – no stated. BFS NOA’s required.
- Maximum TDS of 75% – no GDS requirement
- Bankruptcy or Consumer proposal. Must be 1 year discharged/paid.
- Delinquencies – reviewed on a case by case basis
- Min $30,000 – Max $100,000. 20 year max amortization.
- Rates start at 19.99% (comparable with other finance companies).
- Lender Fee 3%.
- Application and all supporting documents must be submitted via Velocity.
- Lender to advise if partial or full appraisal required (client cost).
- Client has own lawyer close transaction.
Who is SkyCap Financial?
- 10 years in business.
- 4.6 star rating on Google. 4.8 on Birdeye – 1800+ 5 star reviews.
- A+ BBB Rated – Member of the Canadian Lender’s Association.
- We have helped tens of thousands of Canadians with Alternative Lending Solutions.
Contact Us (For complete criteria or to discuss a potential file)
Sean Binkley
VP Business Development
SkyCap Financial
📧 mortgage@skycapfinancial.com
Skycap Financial offers and arrange Mortgages through DLC SkyCap Mortgage License 13497, Independently Owned and Operated.