Based on 9 reviews
Fraction is a technology-based lending platform that provides near-B, no-payment, and jumbo mortgages for Canadian brokers. They operate in British Columbia, Alberta, and Ontario, with a maximum loan amount of $5.0MM and a maximum LTV of 65%.
Brokers can sign up to access the dashboard and price deals in seconds using the live pricing engine. The process allows users to read bank statements for income, GDS, and TDS, and submit deals to get an answer the same day.
The platform offers three main products: Fraction Interest Only, Fraction Jumbo, and Fraction No Payment. Each product has specific fees and maximum LTV caps, such as a 1% fee and 65% max LTV for the Interest Only and Jumbo options.
Fraction operates on a 9-hour business day from Monday to Friday, 8am–5pm Pacific time. They fund new submissions on Tuesdays and Thursdays, with the next available funding dates displayed on their website.
To start, brokers must sign up and go to the dashboard to price a deal. Users can enter deal details like loan amount, purpose, term, and property type to see the all-in rate and LTV cap.
The website states that every rate published is fixed for the full term of the mortgage. While the published card moves daily based on the CORRA swap curve, a committed deal never changes.
Fraction requires a minimum Beacon of 660 and maintains a maximum TDS of 55%. They also allow non-primary residences and mixed-use properties, though exceptions may take an average of 3 business days.
The company is registered with ON FSRA #13439 and BC BCFSA #MB600547. In the US, they operate as Fraction Lending US, Inc. with NMLS #2084341 and Washington CL-2084341.
Some reviewers on Trustburn praise the team for being knowledgeable, professional, and highly available to answer questions. They also highlight the seamless experience and the ability to find the perfect property quickly.
The Trustburn rating is 4.2 out of 5 from 9 reviews, with the most recent review dated August 19, 2023. The reviews range from 3 to 5 stars, with a majority being 5-star ratings.
Fraction's office locations include Vancouver at 333 Seymour St #8-104 and Houston at 1725 Hughes Landing Blvd. They also provide toll-free numbers for Canada and the USA for real-time support.
The website mentions that they price deals off the CORRA swap curve, repricing every business day. This ensures that the published rates reflect current market conditions while keeping committed deals fixed.
The official website of Fraction is fractionrealestate.co.
AI-generated from reviews on this page. Verify anything important with the company directly.
I recently used Fraction to buy my dream home and I'm extremely satisfied with their service. Their team was very knowledgeable and guided me through the entire process. They made sure all my requirements were met and found me the perfect property. I highly recommend their expertise in the real estate industry.
👍 Fraction is the best real estate company I have ever encountered. Their professionalism and dedication to their clients are truly remarkable. The whole purchasing process with them was smooth and hassle-free. I'm really impressed with their knowledge and expertise in the market. I highly recommend Fraction for all your real estate needs. 👍
Fraction is a reliable real estate company with an amazing team. Their expertise and guidance were invaluable throughout the entire process of selling my property. They truly go above and beyond for their clients. I can't thank them enough for their excellent service.
Working with Fraction has been a fantastic experience. Their team is knowledgeable, professional, and always available to answer any questions. They helped me sell my property quickly and at a great price. I would definitely recommend their services to anyone looking to buy or sell real estate.
💯 Fraction is an exceptional real estate company. Their team is dedicated, knowledgeable, and highly professional. They understood my needs and found me the perfect property. I couldn't be happier with their service. I highly recommend Fraction for all your real estate needs. 💯
🔥 Fraction is the real deal when it comes to real estate. Their team is incredibly helpful and experienced. They made the process of finding and buying a property a breeze. I'm so glad I chose them. Highly recommended! 🔥
Fraction exceeded my expectations in every way. Their attention to detail and commitment to client satisfaction are commendable. They helped me navigate the complex process of buying a home and made it seem easy. I would highly recommend their expertise to anyone in need of real estate services.
Fraction is a company that truly knows the real estate market. I've had the pleasure of working with them on multiple transactions, and each time they have exceeded my expectations. Their attention to detail, professionalism, and personalized service are unmatched. I highly recommend Fraction for all your real estate needs.
I recently had the pleasure of using the services of a real estate company for the first time, and I chose Fraction. They were highly recommended by a friend, and I can see why. The whole experience was seamless, and they took care of all the details. I would definitely use them again in the future.
No news yet. This is where the business shares its own updates and press.
No photos yet. Photos shared by reviewers will show up here.
Fraction is a technology-based lending platform focused on making residential real estate more affordable, flexible and liquid.