Net Worth Lending Program: Scotiabank’s Smart Mortgage Solution for Asset-Rich Canadians
If you have strong credit, a solid down payment, and significant verifiable liquid assets—but your income alone doesn’t qualify you for the mortgage you need—Scotiabank’s Total Net Worth Lending Program may be the ideal solution.
This specialized uninsured mortgage program is designed for Canadian residents with moderate incomes who possess substantial liquid assets. It allows you to leverage your net worth to secure a larger mortgage than traditional debt-service ratios would typically permit.
Who Qualifies for the Program
- Canadian residents filing taxes in Canada
- Borrowers with strong credit scores
- Individuals with a minimum of $250,000 in eligible liquid assets
- Homebuyers, refinancers, or clients switching mortgages who require greater borrowing power
How the Asset Requirement Works
The formula is straightforward and powerful: $1 of verified liquid assets = $1 of additional mortgage above your standard qualified amount.
Example: If standard debt-service ratios qualify you for a $400,000 mortgage but you need $950,000, you must demonstrate $550,000 in eligible liquid assets (in addition to your down payment).
Eligible Liquid Assets
- GICs, TFSAs, and ESOPs
- Mutual funds, chequing, and savings accounts
- Publicly traded Canadian or U.S. company stocks
- RIFs and Retirement Accounts (discounted by 30%)
- Liquid assets held in a Canadian holding company
Note: Cryptocurrency, locked-in accounts, and assets in trusts are not eligible.
Key Program Features
- Maximum amortization: 30 years
- Maximum Loan-to-Value (LTV): 80% if TDSR ≤ 60% / 65% if TDSR > 60%
- Down payment: Minimum 20% (at least 10% from own resources)
Ready to explore your options?
I’m Pouya, an independent mortgage broker based in Vancouver. I work regularly with Scotiabank’s Total Net Worth Lending Program and would be happy to review your situation at no cost or obligation.
Contact me today to determine exactly how much you can qualify for and make your next real estate move a reality.
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