Submit a Deal – Armada Mortgage Corporation

Lending Areas

All Lower Mainland Cities and other major cities in British Columbia (i.e. Kelowna, Kamloops, Vernon, Victoria and
Nanaimo).
Major centres in Alberta.
Ontario – Major City Centers.

Guidelines (Owner Occupied & Rental)

Standard Guidelines

1st Mortgages up to $850,000.00; 2nd Mortgages up to $200,000.00; amounts above our guidelines will require an exception.
Amortized or interest only available
Open mortgages available
Income confirmation:
- Employed – current pay stub and letter of employment
- Self-Employed – self-declared income letter and NOA
Payment Reserve Account Available
Title Insurance Required
Refinance out of foreclosure up to 60% LTV
Flex Rate Plans

Owner Occupied Guidelines

Maximum LTV 65%
Up to 65% LTV requires a full appraisal or an appraisal done with in 60 days with a letter of transmittal

Rental & Second Home Guidelines

Maximum LTV 60%
Up to 60% LTV requires a full appraisal or an appraisal done with in 60 days with a letter of transmittal

Property Types

Single Family Residential
Duplexes, Townhouses, Apartments, Condos
Acreages
Rentals
Interalia

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Join our mailing list to receive communication from Armada Mortgage Corporation regarding funding available in British Columbia, Alberta, and Ontario.

Approved Appraisers

Armada Mortgage Corporation requires that all funding proposals include an appraisal conducted by an approved firm. View a list of approved appraisers.