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Atlas Mortgage Group

  • Serving Alberta & Saskatchewan
  • 1550 5 St SW Unit 300, Calgary, AB T2R 1K3
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Alternative & B Mortgage Lending in Alberta & Saskatchewan

Flexible Mortgage Solutions When Traditional Lending Doesn't Fit

Not every borrower fits neatly into a traditional bank’s lending guidelines.

You may have strong income but complicated documentation, recently become self-employed, experienced a credit setback, or have another financial circumstance that makes conventional mortgage financing more difficult.

At Atlas Mortgage Group, we help borrowers across Alberta and Saskatchewan explore alternative and B mortgage lending options when traditional financing may not be the right fit.

Explore Your Options

What Is B Lending?

B lending refers to mortgage financing provided by alternative lenders outside the traditional prime lending market. Alternative lenders may have different qualification criteria and may consider aspects of your financial situation that a conventional lender may not. This can make B lending an option for borrowers who don’t meet the requirements of a traditional bank. However, alternative mortgages can come with different rates, fees, terms, and conditions. Understanding the total cost of the mortgage is essential before making a decision.

Who May Consider Alternative Mortgage Financing?

Alternative lending may be worth exploring if your financial situation doesn’t fit traditional lending criteria.

This can include borrowers who are:

  • Self-employed with difficult-to-document income
  • Recovering from past credit challenges
  • Recently returned to work or changed careers
  • New to Canada
  • Dealing with non-traditional income
  • Managing a complex financial situation
  • Looking to refinance but don't qualify with a traditional lender
  • Purchasing a property that doesn't fit standard lending guidelines

Being declined by one lender doesn’t necessarily mean there are no financing options available.

Our brokers can help you understand whether alternative lending may be appropriate for your situation.

Alternative & B Lending in Calgary and Regina

Atlas Mortgage Group helps borrowers throughout Alberta and Saskatchewan explore alternative mortgage solutions. If you’re looking for B lending in Calgary or alternative mortgage financing in Regina, our team can review your circumstances and help you understand what options may be available. We work with a range of lenders and can help you compare the differences between traditional and alternative mortgage solutions.

How Alternative Mortgage Lending Works

01.

We Understand Your Situation

We’ll discuss your income, credit history, debts, property, down payment, and financial goals.

Understanding the full picture helps us determine what types of financing may be worth exploring.

02.

We Review Your Options

If conventional lending isn’t suitable, we’ll look at alternative lenders that may have different qualification criteria.

03.

We Compare the Costs

Alternative financing can involve higher interest rates or additional fees. We’ll help you understand the overall cost, not just the monthly payment.

04.

We Help Prepare Your Application

Once you’ve chosen an option that makes sense for your situation, we’ll help you prepare the required documentation and submit the application.

05.

We Help You Plan Your Next Step

Alternative financing may be used as a short-term solution in some situations. Depending on your goals, we can also discuss whether refinancing into a traditional mortgage may be possible in the future.

What Does B Lending Cost?

Credit history is one factor lenders consider, but it isn’t the only reason someone may need alternative financing.

We'll help you review factors such as:

  • Interest rate
  • Mortgage term
  • Lender fees
  • Broker fees, where applicable
  • Prepayment conditions
  • Renewal terms
  • Exit or discharge costs
  • The potential cost of refinancing later

Our goal is to help you make an informed decision rather than simply find a way to get approved.

Alternative Lending Isn't Just About Credit

Credit history is one factor lenders consider, but it isn’t the only reason someone may need alternative financing.

For example, you could have:

  • Strong assets but non-traditional income
  • A successful business with limited traditional income documentation
  • A recent change in employment
  • Multiple sources of income
  • A complex debt structure
  • A property that doesn't fit conventional lending criteria

The right financing solution depends on the complete picture.

Can B Lending Be a Short-Term Solution?

For some borrowers, alternative financing may be used as a temporary solution while they work toward qualifying for conventional financing.

For example, you may use alternative financing while rebuilding your credit, establishing self-employed income history, or resolving another financial issue.

However, this isn’t appropriate for everyone. Before taking an alternative mortgage, it’s important to have a realistic plan for the full term and understand what happens when the mortgage comes up for renewal.

Why Choose Atlas Mortgage Group?

Access to Alternative Lenders

We work with a range of lenders, allowing us to explore options beyond traditional bank financing when appropriate.

A Complete Review of Your Situation

We don't look at one number in isolation. We'll consider your income, credit, assets, debts, property, and goals when discussing potential options.

Clear Explanation of Costs

Alternative financing can have different costs and conditions. We'll explain the important details so you understand the mortgage before committing.

A Strategy, Not Just a Mortgage

If alternative financing is appropriate, we'll help you understand how it fits into your broader financial plans and whether there may be a path toward conventional financing in the future.

When Traditional Financing Isn't an Option, Let's Look at What's Possible

A traditional bank’s lending criteria may not work for every borrower. If you’ve been declined, have complicated income, experienced credit challenges, or simply have a financial situation that doesn’t fit conventional lending guidelines, there may be other options worth exploring. Atlas Mortgage Group can help you understand whether alternative or B mortgage lending is right for you.

Discuss Your Options

Frequently Asked Questions

What is B lending?

B lending is mortgage financing offered by alternative lenders that generally have different qualification criteria from traditional prime lenders. These mortgages can be useful for borrowers who don’t meet conventional lending requirements.

Qualification depends on the lender and your individual circumstances. Alternative lending may be considered for borrowers with non-traditional income, self-employment, credit challenges, recent financial changes, or other circumstances that make conventional financing difficult.

They can be. Alternative mortgages may carry higher interest rates and additional fees because they involve different lending criteria and risk considerations. It’s important to compare the total cost of the mortgage before proceeding.

Potentially. Some borrowers use alternative financing as a temporary solution while working toward qualifying for conventional financing. Whether you can refinance later will depend on your credit, income, property, equity, and the lending requirements at that time.

Credit challenges can be one reason a borrower explores alternative lending, but approval isn’t guaranteed. Alternative lenders may have different credit requirements, while other factors such as income, equity, property value, and overall financial circumstances can also be considered.

Disclaimer: Alternative and B mortgage products may have higher interest rates, fees, and different terms than conventional mortgage products. Approval and qualification are subject to individual circumstances and lender guidelines. Speak with an Atlas Mortgage Group professional to understand the options and costs that may apply to your situation.