Lender Information

Robby Parmar

BDM

604.505.9240

robby.parmar@b2bbank.com

Underwriter

Submit Direct With Velocity

Yes

Portal Website

Rate sheet

Rental Worksheet

How to Send Documents

Fax # for documents - 1-877-812-8839

Email to send in Doc's: mortgageunderwriting@b2bbank.com

Client Services - 1-800-263-8349

Product Information - https://b2bbank.com/marketing-material/index.sn?pr=5

BFS Product Microsite - https://b2bbank.com/mortgages/business-for-self-index.sn

Forms - https://b2bbank.com/forms/index.sn?pr=5

www.b2bbank.com/brokermortgages

Rate Holds

Fax # for documents - 1-877-812-8839

Email to send in Doc's: mortgageunderwriting@b2bbank.com

Client Services - 1-800-263-8349

Product Information - https://b2bbank.com/marketing-material/index.sn?pr=5

BFS Product Microsite - https://b2bbank.com/mortgages/business-for-self-index.sn

Forms - https://b2bbank.com/forms/index.sn?pr=5

www.b2bbank.com/brokermortgages

Niches

Top reasons to send a file and what you want more of

Benefits to working with B2B Bank
Non Competing Balance Sheet Lender
Schedule 1 Bank
Broker Focused
A one stop shop for Prime and Alternative Solutions

Conventional up to 80% o/o and 75% rental (Income qualified and Expanded)
ALT 65% for o/o and rental (sometimes higher for o/o please email for clarification)
Qualification based on discounted rate plus premiums for extend amortizations

Conventional refinance 60 day and purchase 120 day
25 yr amortization discounted
30 year amortization add 10 bps
35 yr amortization add 25 bps

BFS Expanded
Must be business accounts- O/A sole proprietor or corporate accounts
Max mortgage amount is $1M
PREC realtors with min 2 yrs – up to 100% gross commissions
Offsets for legal basement suite is 80%
12 months bank statements – with deposits – no o/d – clean bank statements
Credit score determines maximum LTV% 600-679 is 75% LTV 680+ 80%LTV
Pricing – o/o typically on a 2 year term start off of posted (please contact me directly for an estimate)
Bank statements must be sent in with application

Rental Expanded
Up to 75% LTV
80% percent offset for subject rental (if o/o has a legal basement suite 50% add back heat and tax out)
Loan limits - $500k – exception to $750K
No fee BFS program
Extended amortizations 30-35 with premium allowed for qualification


Rental Income Confirmation
Lease agreement for all programs
T1’s only if you want to use surplus (2 yr history)

Rentals
Income qualified – 50% add back, no heat and property tax, qualify on 30 or 35 year amortization with premium
Pricing disc rate plus .25% for rental – max 25 yrs – 30 and 35 year with premium
BFS Expanded and ALT
80% offset for rental income
75% LTV max for Expanded and 65% for Alternative Rentals
ALT rental max TDS 48%
1% fee on Alternative Stated Rentals.

Suite income
Owner occupied income qualified
50% add back no heat or property tax
o/o Expanded – 80% offset
****All non-subject rentals are 85% wash*****
Formula: (Rents-15% for vacancies)- PIT and C
if negative – add to liabilities – if positive 0 (can use surplus if confirmed by two years T1’s history)
Wash for both conventional and insured applications:

HOLDING COMPANIES
Rentals only
Income qualified – 50% add back no heat or property tax (subject property)
Pricing – discounted plus .25% for 25 year amortization add premium for extended amortizations
Expanded– 80% offset calculation (please contact me for pricing guidance)

Equity Program 50
Loan limit $400k -
Appraisal required
Credit score clean – all above 660 (Check the CRP score)
Pricing $400k or less – discounted +.85% = 3.69% no fees
Discount + 1.10% over $400K
BFS or Salaried
No non-resident or Previous Bankruptcy
No net worth requirement
No gifted down payment allowed
30 & 35 year amortization available with premium

Equity 65% LTV (Relaxed Ratio Program)
Net worth requirement if GDS/TDS is above 50%
1.5 X mtg amount if over 50% TDS (any liquid assets, no private shares, equity in other properties)
Pricing same as above
30 & 35 year amortizations available with premium
BFS or salaried
Full income documents required
No gifted down payment

Home Owners Kit (Mortgage and Line of Credit)
Up to $750k – exceptions to higher
Mortgage portion can be amortized up to 35 years with premium
Can do as BFS stated portion – up to $500K total combined amount
Maximum $350K HELOC portion– pricing at prime +.85%
Pay 50 bps on authorized limit for LOC limit and prevailing term for mortgage portion
No account service fees and no service fee credit union and HSBC bank machine charges on B2B Banks side

B2B Bank Niche Product Overview
Insured and conventional BFS stated income solutions
BFS expanded program (AKA business bank statement product)
PREC for Realtors up to 100 percent of commissions
Equity 50
HELOC/HOK (Home Owner’s Kit)
35-year amortization at 80% LTV or less
No back-end insurance on conventional deals
Rental “Wash Out” for non-subject rentals
Secured conventional LOC interest only payment accepted with confirmation
Automobile loans paid by corporate entities can be washed out of servicing with 3 months statements to confirm
100 % of the Child Tax Credit both A and B side

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