Alternative Mortgage Products

when bank lending is not an option

FirstStep’s Alternative Mortgage product suite offers borrowers a compelling option to finance real estate purchases when bank lending is not an option.

For each facit of home buying be it a residential purchase, rental investors or owners looking to borrow against equity in their property

FistStep Financial can help.

Alt-A Highlights

With our unique approach to commitment funding with institutional partners
FirstStep is able to offer competitive pricing on short term lending products
that are traditionally offered by MIC’s and other private lenders. 

Alt-A Residential Highlights

Designed for when you want to buy a home and traditional lending solutions are not available,
our Alt-A Products create a viable solution.

Loan Type

Residential Purchase

Payments

P+I max 35yr Amortization

Max Loan

$1,500,000

Max LTV

80%

Term

1 - 2 years

Geography

AB, BC, ON

TDS / GDS

55/55

Alt-A Rental / Investor

Designed for real estate investors.

FirstStep’s Rental and Investor program simplifies the qualification process, focusing on the subject property via a Debt Service Coverage Ratio (DSCR). 

Eligible transaction types include:
• Purchase
• Refinance
• Equity take-out (max $500,000)

Loan Type

Rental

Payments

P+I max 35yr Amortization

Max Loan

$1,500,000

Max LTV

75%

Term

1 - 2 years

Geography

AB, BC, ON

TDS / GDS

55/55

Alt-A Equity

Designed for ease of qualification, lending is against property value and DSCR are not as important

Loan Type

Equity

Payments

P+I max 35yr Amortization

Max Loan

$1,500,000

Max LTV

65%

Term

1 - 2 years

Geography

AB, BC, ON

TDS / GDS

55/55

The FirstStep Difference - In Action

BorrowER Value Propositions

How can we help?

Lets Talk

How can FirstStep FInancia's Alt-A mortgage products help you or your clients?
Complete this form or email us at alta@firststepfinancial.ca

Our Team