Last 7 days
1h 21m
- Average
- 2h 4m
- 90th percentile
- 5h 8m
- Within one business day
- 100%
Rates live from our pricing engine
Alt mortgages in a fraction of the time.
Interest-only, no-payment and jumbos up to $5MM. Price any deal on this page in seconds, submit it, and get an answer the same day.
Today's best rateOctober 7, 2026
Fraction Interest Only
from · 12 month term · max LTV 65%
5.21%
Fraction Jumbo
from · 12 month term · max LTV 65%
5.69%
Fraction No Payment
from · 2 year term · max LTV 55.6%
5.84%
Fraction Interest Only from5.21%Fraction Jumbo from5.69%Fraction No Payment from5.84%Max loan$5.0MMMax LTV65%Minimum Beacon660ProvincesBC · AB · ON
Fast responses from actual underwriters
Median business hours to a first response from an underwriter at Fraction
Updated
Last 30 days
1h 7m
- Average
- 1h 37m
- 90th percentile
- 3h 26m
- Within one business day
- 98%
Last 90 days
1h 34m
- Average
- 2h 34m
- 90th percentile
- 5h 8m
- Within one business day
- 94%
Price a deal
Will it fit?
Enter the deal. We show the all-in rate, every premium that applies, and the LTV cap — the same inputs our underwriters price from. Every rate is fixed for the full term.
Fits
| LTV / Beacon | 750+ | 700–749 | 660–699 |
|---|---|---|---|
| 0% – 50% | 5.21% before premiumsno premium5.21% | 5.45% | 5.69% |
| 50.1% – 55% | 5.45% | 5.69% | 5.92% |
| 55.1% – 60% | 5.69% | 5.92% | 6.16% |
| 60.1% – 65% | 5.92% | 6.16% | 6.40%* |
Download rate sheetPDF · all three products
Rate basis · 12 month CORRA at 2.832% plus each cell's spread. Rates are annual, compounded monthly.
Lender fee · 12 month term1%
All-in rate on a 12 month interest only term, including every premium on this deal. Rates are annual, compounded monthly. Firm 55% TDS.
Products
Three ways to structure it.
Every product is first position, in British Columbia, Alberta and Ontario.
Fraction Interest Only
5.21%
from · compounded monthly
- Terms
- 12 month, 18 month
- Max LTV
- 65%
- Lender fee
- 1%
Fraction Jumbo
5.69%
from · compounded monthly
- Terms
- 12 month, 18 month
- Max LTV
- 65%
- Lender fee
- 1%
Fraction No Payment
5.84%
from · compounded daily
- Terms
- 2 year, 3 year, 5 year
- Max LTV at funding
- 55.6%
- Lender fee
- 2%
Technology
Built so the boring parts happen without you.
Magic Upload
Drop the whole package in one go. Credit reports, bank statements and appraisals are read, classified and mapped to the file automatically.
Predictable, fast underwriting
Our technology works alongside our underwriters — pulling conditions, drafting the commitment, and flagging gaps automatically.
Broker portal pricing
The same engine that prices this page prices your live deals, so you know where the pricing will land before an underwriter looks at it.
Your team
Before you send it in.
Meet the person who covers your brokerage, and see how we feel about the area.
Find your BDM
Your BDM is the direct line for pricing, exceptions and how to structure a deal — before you submit it and after.
In a hurry? brokers@fraction.com reaches the whole desk.
Check the property
Type the first three characters of a postal code — the forward sortation area, like V6Z — or start typing a street address.
We lend in British Columbia, Alberta and Ontario. This is the same area check our underwriters run.
A read on the area, not the property. Send the deal in either way — your BDM can tell you more.
Preparing your file
Questions we frequently ask
A little context goes a long way. Share the story behind the numbers so we can understand your client’s situation and keep the deal moving.
Exit strategyAsked on every file
How will your client repay the mortgage at the end of the term?
What to include
We ask for an exit plan on every file. Tell us whether the plan is to sell, refinance or repay from another source, and when. If the plan depends on improved credit or income, explain what will change and the backup plan if it doesn't. The timeline should match the requested mortgage term.
Loan purpose & amountYour submission
What does your client need the funds for, and how much do they need?
What to include
Include the purpose of the loan, the requested mortgage amount and the cash your client needs after existing debts and closing costs are covered.
PropertyYour submission
What is the property address, value and intended use?
What to include
Share the full civic address, estimated value, requested loan-to-value ratio and whether the property is owner-occupied, a rental or mixed-use. Let us know about acreage, property condition or a current sale listing, and share an existing appraisal if available.
Income & assetsYour submission
Where does your client's income come from, and how can it be supported?
What to include
Summarize each applicant's income sources and amounts, including self-employment, pension, rental or other income. Include supporting documents and explain unusual deposits or recent changes. For a purchase, tell us where the down payment is coming from.
Credit historyYour submission
What are the applicants' credit scores, and is there anything we should understand?
What to include
Provide each applicant's credit score and context for missed payments, collections or other credit issues. Explain what caused the issue, whether it has been resolved and the current status of any past-due accounts.
Existing debts & titleYour submission
Which debts are staying, and which will be paid out?
What to include
List current mortgages, lines of credit and other debts with their balances. Identify which will be paid out from the proceeds, confirm whether the current mortgage is in good standing and share current statements. Flag any tax deferrals, liens or other charges on title.
Legal circumstancesYour submission
Are there any ownership changes or legal matters affecting the file?
What to include
Let us know about a separation, spousal buyout, estate, power of attorney or litigation affecting the borrower or property. Explain who will be on title after closing and share the relevant agreements or documents for review.
Closing readinessYour submission
What is the target closing date, and what is still outstanding?
What to include
Share the requested funding date and the client's lawyer's contact details. Confirm the status of the signed commitment, appraisal, income documents, identity verification and product review, along with any other conditions listed in the commitment letter.
Closing shortfallFor more complex files
How would your client cover a shortfall at closing?
What to include
If the appraisal comes in lower than expected or mortgage payouts and penalties are higher, explain how your client would cover the difference. Flag any additional funds or family support they would rely on.
Recent borrowingFor more complex files
Your client recently refinanced or took out a second mortgage. What has changed?
What to include
Explain why the previous loan was taken out, how the funds were used and why more financing is needed now. Include what your client is looking to achieve with this mortgage.
Connected borrowingFor more complex files
Are the mortgage and revolving-account balances separate debts?
What to include
Clarify whether each balance is a separate mortgage, line of credit or other account, or part of the same borrowing facility. Share statements that identify each account and its current balance so we can understand the liabilities without counting the same debt twice.
Separation & other propertiesFor more complex files
Will your client still be responsible for debts on other properties after the separation?
What to include
Explain which properties and financial obligations your client will keep, and which they will be released from. Share the separation agreement and confirmation of any ownership or mortgage changes relevant to the file.
Power of attorneyFor more complex files
Who will be signing, and are they the person named in the power of attorney?
What to include
Share the power of attorney and explain who is acting for the borrower. If a substitute attorney is acting, explain why the original appointee cannot act and provide supporting documents for our legal team's review.
Document timingFor more complex files
Will the dated documents still be valid for the planned closing?
What to include
Check the dates and expiry periods on the appraisal, mortgage payout statements and commitment, and confirm insurance coverage for closing. If the funding date changes, flag anything that may need updating and coordinate the next steps with us and the client's lawyer.
Brokers
What brokers say.
“Their unique service and product for the mortgage industry certainly has its place to help clients. I would recommend them to anyone looking for an out-of-the-box solution.”
“From start to finish, Fraction made this transaction effortless. Myself and the clients are very happy. I've just sent in another deal and again everything is running smooth.”
“Really smooth experience. Everything explained in simple and easy-to-follow detail. Client on-boarding very well handled.”
“Fraction gave me an opportunity as a broker to think outside the box. I was able to offer my client a solution that not only worked for the situation but allowed for a better quality of life.”
Send us the deal.
Licensed Canadian brokers only. Accounts are approved same-day, and exceptions may take an average of 3 business days.