Submit a Deal – Armada Mortgage Corporation

Lending Areas

All LowerMainland 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 $750,000.00; 2nd Mortgages up to $150,000.00; 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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Approved Appraisers

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