Rate sheet · August 25, 2026
Interest only from 5.04% and jumbo from 5.54% on today's sheet, on files most private lenders will not price at all. We read the income and the property together, and the income does not have to be Canadian.
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Today's rates
Both products are fixed for the term and open from day one with no prepayment penalty. Starting rates are 750+ credit at or below 50% LTV; the rate steps 25 bps per LTV tier and 25 bps per credit tier from 660.
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Fraction Interest Only
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1 year
Max LTV 65%, 60% on a refinance · lender fee 1%
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From
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18 months
Max LTV 65%, 60% on a refinance · lender fee 1.5%
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From
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Fraction Jumbo
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1 year
Max LTV 65%, 60% on a refinance · lender fee 1%
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From
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18 months
Max LTV 65%, 60% on a refinance · lender fee 1.5%
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From
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Maximum LTV, by loan size
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| $150K to $2.5M |
Max LTV 65% |
| Above $2.5M |
Max LTV 62.5% |
| Above $3.5M |
Max LTV 60% |
| Refinance |
Max LTV 60% |
| Condominium |
Max LTV 60% |
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Where the income comes from
A client paid in another currency, or earning outside Canada entirely, is not a problem to work around on these files. We underwrite the income and the property together, so a foreign payslip is something we assess rather than something that ends the conversation.
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Canadian citizen earning abroad
A posting overseas, a contract in another country, a family that kept the house here. The employment is straightforward and the Canadian filing history is not.
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Income in a foreign currency
Paid in USD, HKD, EUR or anything else. We take the income as it is earned rather than asking the client to convert their working life into a Canadian format.
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Eligibility
The income can come from anywhere. The borrower cannot — two requirements hold on every file.
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Canadian citizen or permanent resident
The borrower's status has to be one or the other. We do not lend to non-residents, whatever the income or the property looks like.
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A Canadian credit score
There has to be a Canadian credit file to read, with tiers starting at 660. Foreign credit history does not stand in for it.
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Renewal compensation
If the client renews with us rather than moving on, the broker of record earns 25% of the lender fee we charge at that renewal — and at every renewal after it, with no cap and no expiry.
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Talk to your BDM
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Toronto East
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Toronto West
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BC and Alberta
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BC · Ontario · Alberta
Fraction Technologies Inc. · FSRA #13439
Rates effective August 25, 2026 and subject to change. Starting rates shown; the rate is confirmed at commitment and depends on the approved LTV tier and the lowest qualifying credit score on file. Fraction Interest Only lends $150K to $1.5M and Fraction Jumbo $1.5M to $5M. Maximum LTV varies by loan size, property, location and term, and is 60% where the advance refinances an existing mortgage. We lend in first position, so an existing mortgage is paid out and consolidated into the advance. Foreign income is accepted; the borrower must be a Canadian citizen or permanent resident with a Canadian credit file, and documentation requirements are confirmed by your BDM on a file-by-file basis. Renewal compensation applies to Fraction Interest Only and Fraction Jumbo and is calculated as 25% of the lender fee charged to the client on each renewal. For broker use, not consumer-facing advice.
