The Gateway Mortgage (General)

The Gateway Mortgage

Our Gateway Mortgage offers specialized conventional mortgage solutions for your customers with bruised credit and/or non-traditional income. If your customer has been turned down by the big banks, rest assured that we have an alternative solution based on equity and marketability:

  • Up to 80% LTV allowed inclusive of fees
  • Declared income clients restricted to max. 65%
  • Min. 550 beacon
  • Exceptions to 500 may be considered — contact your BDM
  • Discharged from bankruptcy
  • Will pay off derog debts from re-fi proceeds
  • Up to 45% GDS
  • Up to 50% TDS
  • Marketable, owner-occupied dwellings
  • Rural properties up to 10 acres with no outbuildings
  • Mobiles/modulars (max. 10 years old)
  • Rentals (max. 4 properties with Bridgewater Bank) registered in personal name only (see The Gateway Rental Property)
  • Second/vacation properties accepted
  • Appraisals required: choose from up to three local, Bridgewater Bank approved appraisers provided in commitment

More information and resources:

Check out our specialized solutions if your customer is self-employed, wants to invest in rental property or self-declare their income.