Prime 1st Mortgage

A private first mortgage for urban and near-urban residential property in Ontario, British Columbia and Alberta. Prime 1st is for the file with a clean story — a centre of 50,000 or more, no private money already registered on title, and a credit band we can price properly. It carries the sharpest terms Lendmax offers.

What fits

Purchase and refinance of owner-occupied and non-owner-occupied residential property
Prime markets across Ontario, British Columbia and Alberta
Centres of 50,000 or more people
Credit bands: 660+ prices best, 600–659 accepted
No income documents required; no maximum GDS or TDS
Terms of 3, 6, 9 and 12 months, interest-only or amortized
Open and closed structures available
Lending on appraised value, not purchase price
Not available where a private mortgage is already registered on title
Not a private-to-private refinance — that is a Flex 1st conversation

Position: First charge
Provinces: ON · BC · AB
Market: 50,000+ population
Credit floor: 600 band
Income: Not required
Amounts: $25,000 to $1,250,000
Jumbo: Reviewed at reduced LTV
Funding: Up to 5 business days

Check this file

Typical files

Who this program is written for.

Self-employed with real equity

Business-for-self income that a bank cannot verify to its own satisfaction, in a home with genuine equity behind it.

Refinance under time pressure

A maturing institutional term, a separation, an estate settlement — where a five-week bank process does not fit the deadline.

Purchase with a firm closing

A closing that has to happen while the A-lender file is still being reworked.

Prime 1st Mortgage — questions brokers ask

What makes a file Prime instead of Flex?

Four things: the property is in a centre of 50,000 or more, the credit band is 600 or better, there is no private mortgage already registered on title, and the property type is standard. Miss any one of those and the file is still fundable — it is simply priced in the Flex family.

Do you lend on the same terms in BC and Alberta as in Ontario?

No. British Columbia and Alberta are Prime-market lending only, at loan-to-value ceilings below the Ontario program. Ontario carries the full suite and the highest ceilings.

Is an appraisal required?

Yes. We lend on appraised value rather than purchase price, and an appraisal from our approved list moves through underwriting fastest — typically a review in under twenty minutes.

What happens at maturity?

Renewal is offered on the terms available at the time, handled through the broker of record. Where a mortgage is not being renewed, notice is given 90 days before maturity so there is time to arrange the exit.

Have a first-charge file open?

Send the application, appraisal and credit report and we will target a price back within two hours.

Submit to the desk Prime 2nd Mortgage