Get a Common-Sense Mortgage

There’s nothing worse than finding the opportunity of your dreams only to discover that you can’t get a mortgage. We would like to help you get that loan so you may own a house, invest in a property, or move forward with commercial activity.

It doesn’t matter that you have good credit and a solid down payment.

If you don’t look good on paper – according to the bank – then you’re likely out of luck.
It’s frustrating – we get that.

Fortunately, for people like you, there’s people like us.

At Lanark Mortgage Fund, we do things differently.

At Lanark Mortgage Fund, we care about our clients and want to connect with them on a meaningful level.

While Lanark Mortgage Fund is bound by the same rules and regulations when it comes to mortgage financing, we, unlike banks, have the flexibility that financial institutions don’t.

We meet with you. We ask you questions. We see what you look like on paper. Then we go a step further.

We’re local and we understand the community we live in. We have real conversations that don’t always belong on a typical mortgage checklist.

We’re proud of what we do and our funding set-up allows us to be more accommodating and integrate character assessment for each applicant. That’s how we connect with our clients to help bring their dreams to life.

How it works

If you’re interested in working with us, then the first step is to fill out an application to tell us about yourself.

We’ll do an on-site property appraisal.

From there, our six-member management team reviews all application information and makes a decision.

After you’re approved, we send the signed approval to the lawyers to prepare the mortgage. You’re now the proud owner of your home, investment property, or business.

The best part? You are under no financial obligation until you are approved and everything is signed.

Fees and Rates

An application fee is charged by the Fund on all approved mortgages (payable 14 days prior to funds being advanced) & that fee will not exceed 3% of the approved mortgage amount.

• We don’t have set or posted interest rates. Instead, our management committee looks at things such as:
• Fair market value of the property
• Location
• Condition
• Financial net worth and income of the applicant
• A credit report
• Any prior history with Lanark Mortgage Fund

Your qualified funding depends on a few things. For urban properties, you can get a maximum of 75-80% funded, while rural properties are set at 65% funded. For commercial, rental and construction/builder properties it’s dependent on location and structure, as well as the applicant’s credit history.