$1.2M Residential Mortgage Secured Through Credit Union for Multigenerational Family in Surrey

Clients: Multigenerational Family of Six, Joint Buyers

Property Value: $1,800,000 CAD

Loan Amount: $1,200,000 CAD via Credit Union Facility

In this case, we were approached by a multigenerational family of six seeking to finance a shared home in Surrey. The household included two working brothers (a salaried retail employee and a self-employed plumbing contractor), their spouses employed as full-time cashiers, and retired parents receiving pension income. Their combined goal was to purchase a $1.8 million property and live under one roof using a residential mortgage that could accommodate their diverse income profile.

After selling a property abroad, the family contributed a $600,000 down payment. However, due to the unconventional structure—multiple applicants, mixed income types, and rental suite revenue—traditional lenders were unable to offer a solution. Their situation called for alternative mortgage solutions that could handle the complexity of multigenerational home financing. We structured a bespoke facility through a local credit union experienced in handling complex, multi-applicant scenarios. Our team consolidated and verified all income streams, including contractor earnings, salaried employment, pension income, and projected rental revenue. This credit union mortgage was tailored to support home financing for mixed income households. The result: a five-year fixed-rate residential mortgage at 4.29%, secured with swift underwriting and no compromise on borrower flexibility.

Approval was achieved within two weeks, and the entire process—from application to funding—was completed in under 30 days.

This transaction demonstrates our strength in coordinating non-traditional income mortgage solutions for large family units with blended incomes. By navigating structural complexity and leveraging deep lender partnerships, we enable financing outcomes others can’t deliver. If your household income doesn’t fit traditional models, we can help.

Discover how we’ve helped clients secure the funding they needed by exploring our case studies. Visit our services page to see everything we can do for you.

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