Broker partnerships
Fraction is on a mission to empower homeowners with the financial solutions they need to live and age well.
It’s an audacious goal to change the way the financial world works. But we can’t do it alone. That’s why we need great partners, like you.
Brokers make up the vast majority of Fraction's loan volume. Simply refer homeowners to Fraction and we’ll work with you to qualify and fund.
- 100 bps referral fee. We have a 24 business-hour turnaround on submitted files.
- Sell a 100% no-payments open 5 year loan to clients up to {{max_ltv}} LTV.
- Fully open, no prepayment penalties.
- Must have a 5 year exit plan and provide some proof of income (we can be flexible on how the documentation is provided).
- Client is responsible for both Independent Legal Advice and conveyancing costs.
These are the basic qualifying criteria for whether an application might be accepted. Looking for specifics on location? Scroll down to check the postal code.
- Current rate: {{rate}}.
- Max LTV: {{max_ltv}}.
- 640 minimum FICO score.
- Position: senior secured (1st position).
- Ontario and BC freehold properties.
- 2% lender fee + 1% lender fee.
- Registration must be in a personal name.
- Max loan amount: $1,500,000.
Broker resources
Comparing two products that allow Canadians to unlock home equity with no monthly payments.
DownloadFraction requires appraisals for all properties and requires inspections for loan amounts above $1,000,000.
DownloadDownload this easy step-by-step guide to learn the ins-and-outs of the Fraction funding process.
DownloadIs Fraction right for your client? Download this guide to learn the specifics about Fraction's underwriting criteria.
DownloadA detailed customer-facing brochure to help you explain the Fraction Mortgage to your client.
DownloadHow to find Fraction on Filogix Expert, Newton Velocity, and Finmo. A hint: it's under the "private lender" category.
DownloadQuick postal code check
Want to see whether a property area might be approved by Fraction? Enter in the first three digits of the postal code below.
Want to work together but still have some questions?
Reach out to Larry, a Fraction BDM, to learn more.
Contact us