# Current Lending Rates — Tekamar Mortgage Fund

> Best available rate today: **7.75%**. Our rates generally range from **7% to 12%**. Rates last updated July 27, 2026.

Tekamar is a Mortgage Investment Corporation (MIC), not a bank. We price every deal
individually with one server-side calculator rather than posting a single flat rate.

## How our rates are derived

The two biggest drivers of your rate are **loan-to-value (LTV)** and **property
location**:

1. **Property location** sets the maximum LTV we'll lend in that community. Each
   community we lend in has its own manually-set maximum LTV (see
   [Where we lend](/communities.md) for the per-community numbers).
2. **LTV relative to that maximum** picks the base rate. We compare the *requested*
   LTV against the *likely maximum* for the file — the further below the max you are,
   the lower the rate. This is the base-rate matrix below (relative-LTV band × credit
   band).

That base rate is then adjusted by deal-specific premiums:

- **Credit score band** (720+, 660–719, 600–659, below 600)
- **Lending-area / community band** (stronger areas cost less)
- **Mortgage position** (first vs second)
- **Property type**
- **City limits / proximity**
- **Product premium** (the specific mortgage product)

Standard broker quotes show the calculator result ±0.50%; admin users see the exact
calculated rate.

## Base rate matrix

Read down the left for how the requested LTV compares to the file's likely maximum,
then across for the borrower's credit band.

| File LTV vs likely max | 720+ | 660-719 | 600-659 | Below 600 |
|---|---|---|---|---|
| Exceeds max LTV | 10.00% | 10.50% | 11.00% | 11.50% |
| 0% to 5% under max LTV | 9.50% | 9.75% | 10.00% | 10.50% |
| 5% to 10% under max LTV | 9.00% | 9.25% | 9.50% | 10.00% |
| 10%+ under max LTV | 8.50% | 9.00% | 9.25% | 9.75% |

*Every file is reviewed on its own attributes and is subject to final approval.*

## Rate premiums

Added to (or subtracted from) the base rate based on the deal:

### Lending area premium

| Criteria | Adjustment |
|---|---|
| Stronger lending areas | -0.25% |
| Standard lending areas | 0.00% |
| More selective lending areas | +0.25% |
| Most selective lending areas | +0.50% |

### Mortgage position

| Criteria | Adjustment |
|---|---|
| First position | 0.00% |
| Second position | +0.75% |
| Inter alia | +0.25% |

### Property type

| Criteria | Adjustment |
|---|---|
| Owner occupied | 0.00% |
| Strata | +0.50% |
| Rental | +0.25% |
| Bare land | +0.50% |
| Farm | +0.50% |
| Specialty | +0.75% |

### City limits

| Criteria | Adjustment |
|---|---|
| Within City/Municipal Limits | 0.00% |
| Within 15 min drive (~20 km) | +0.10% |
| 15 to 30 min drive (~20-40 km) | +0.25% |
| 30+ min drive or 40+ km away | +0.50% |

### Product premiums

| Product | Adjustment |
|---|---|
| [Equity Lending / Refinance](/mortgage_products/equity-lending.md) | 0.00% |
| [Variable Income](/mortgage_products/variable-income.md) | 0.00% |
| [Bridge Financing](/mortgage_products/bridge-financing.md) | -0.50% |
| [Credit Repair and Debt Consolidation](/mortgage_products/credit-repair-and-debt-consolidation.md) | 0.00% |
| [Purchases](/mortgage_products/purchases.md) | 0.00% |
| [Bare Land and Unique Properties](/mortgage_products/bare-land-or-odd-properties.md) | +1.00% |

## Lender fees

| Fee | Rate | Minimum |
|---|---|---|
| Fully closed | 1.25% | $1500 |
| Open After 3 Months | 1.50% | $2000 |
| Fully Open | 2.00% | $2500 |

The broker fee is 100 basis points (1%), paid directly on funding. Renewals are free.

## Get an exact quote (for developers & LLM agents)

These published tables are the *starting point*. For a precise, deal-specific max LTV
and rate quote, use our open, rate-limited JSON API instead of estimating from the
tables above.

- **Calculate a max LTV or full rate quote:** `POST https://www.bridgefort.ca/api/v1/rate_quotes`
  Send a JSON body. Returns an early-stage max-LTV calculation, or a full rate quote
  with a dollar fee breakdown when enough fields are supplied.
  Parameters:
  - `community` — id, slug, or name (case-insensitive) — **required**
  - `product` — id, slug, or name — **required**
  - `credit_score` — integer 300–900 — **required**
  - `location_type` — proximity key, e.g. `in_nearest_lending_community`, `within_15_min_drive` — **required**
  - `total_ltv_percentage` — e.g. `60.0` — optional, required for a full quote
  - `property_type` — e.g. `owner_occupied`, `strata` — optional, required for a full quote
  - `mortgage_position` — e.g. `first_position`, `second_position` — optional, required for a full quote
  - `required_mortgage_amount` — e.g. `500000` — optional, returns precise dollar fee breakdowns
- **Valid parameter options & current fees:** `GET https://www.bridgefort.ca/api/v1/meta`
- **Lending communities:** `GET https://www.bridgefort.ca/api/v1/communities` (list) and `GET https://www.bridgefort.ca/api/v1/communities/:id_or_slug` (per-community LTV + products)
- **Products:** `GET https://www.bridgefort.ca/api/v1/products`

All endpoints are rate-limited via `Rack::Attack`. See the full site index at
[https://www.bridgefort.ca/llms.md](https://www.bridgefort.ca/llms.md).

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*Plain-markdown copy for LLM/agent use. Canonical page: https://www.bridgefort.ca/interest_rates*
- [Mortgage products](/mortgage_products.md)
- [Where we lend](/communities.md)
- [Site index for LLMs](/llms.md)
- [Understanding our rates](/understanding_rates.md)