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Jumbo · Effective August 7
From $1.5 million,
priced by band.
The rate steps up as the loan rises and the maximum LTV steps down. Past $5 million we price the file directly.
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Jumbo picks up where interest-only stops. It keeps the interest-only structure and the open terms, and prices the file by loan size rather than off a single sheet rate.
Built and funded by Fraction, not brokered out. First position, personal name, in BC, Alberta and Ontario.
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Below $1.5M · Interest-only
Starting at
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5.03%
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1-year term, minimum 660 credit, 65% max LTV, 1% lender fee. Same open terms, same monthly interest.
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$1.5M–$2.5M
Max LTV 65%
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5.53%
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$2.5M–$3.5M
Max LTV 62.5%
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6.03%
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$3.5M–$5M
Max LTV 60%
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6.53%
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Above $5M
LTV set on the file
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Quoted
directly
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From-rates are the 1-year term, 750+ credit, at or below 50% LTV. Send anything above $5 million to your BDM and we will price it against the file rather than a band.
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The full matrix
Every band, every tier.
One-year term. Each LTV tier and each credit tier is a 25 bps step, so the whole sheet reads off the band rate.
| Max LTV |
750+ |
700–749 |
660–699 |
| $1.5M–$2.5M |
| 50% |
5.53% |
5.78% |
6.03% |
| 55% |
5.78% |
6.03% |
6.28% |
| 60% |
6.03% |
6.28% |
6.53% |
| 65% |
6.28% |
6.53% |
6.78% |
| $2.5M–$3.5M |
| 50% |
6.03% |
6.28% |
6.53% |
| 55% |
6.28% |
6.53% |
6.78% |
| 60% |
6.53% |
6.78% |
7.03% |
| 62.5% |
6.78% |
7.03% |
7.28% |
| $3.5M–$5M |
| 50% |
6.53% |
6.78% |
7.03% |
| 55% |
6.78% |
7.03% |
7.28% |
| 60% |
7.03% |
7.28% |
7.53% |
Add 6 bps for the 18-month open term. Condominiums add 25 bps and cap LTV at 60% in every band. Credit tiers use the lowest qualifying score on file.
Lender fee
Set by term, not by band.
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1-year term
1%
Lender fee, deducted from the advance
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18-month open
1.5%
Lender fee, deducted from the advance
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The same fee applies across all three bands and every LTV tier.
Worth repeating
Both terms are open and there is no prepayment penalty — but the loan is repaid in full, no partial prepayments.
The terms
What every Jumbo file gets.
| Terms |
1 year or 18 months, both open |
| Payments |
Monthly interest, no principal |
| Credit |
From 660, priced in three tiers |
| Properties |
Primary residence, second home or investment |
| Rate hold |
60 days |
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Talk to your BDM
Make the call.
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BC · Ontario · Alberta
Fraction Technologies Inc. · FSRA #13439
Rates effective August 7, 2026 and subject to change. Rates shown are for each band; the rate is confirmed at commitment and depends on the approved LTV tier and the lowest qualifying credit score on file. Maximum LTV varies by property, location and term. Loans above $5 million are individually underwritten and priced. For broker use, not consumer-facing advice.
