New Lender Alert: SkyCap Financial

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

Skycap Financial offers and arrange Mortgages through DLC SkyCap Mortgage License 13497, Independently Owned and Operated.