Fraction Lending Inc Mortgage Lender Profile
Generally for Homeowners in BC, Alberta or Ontario with substantial equity but modest or uneven income who would rather not make monthly payments.
Who they are
Fraction is a Vancouver-based mortgage fintech. It lends in Canada through the entity Fraction Technologies Inc., registered with FSRA in Ontario and BCFSA in British Columbia. It was founded to give homeowners a fairer way to draw on the equity in their homes, and has raised substantial venture and credit facility funding, including a widely reported $289 million capital raise in 2021. It later extended a version of its product into the United States through Fraction Lending US, Inc. It has offices in Vancouver and Toronto, and no retail branch network: mortgages are arranged through licensed mortgage brokers.
What they lend on, and who for
Fraction's core product is a first-position mortgage that does not require monthly payments, so qualifying rests on your equity and the property rather than your income. Interest-only and jumbo structures can also be arranged, and financing is available on higher-value homes. It is built for people who are asset-rich but income-light: retirees and those approaching retirement who are weighing up alternatives to a reverse mortgage, self-employed owners with lumpy income, and homeowners consolidating debt or funding a project. Lending is limited to British Columbia, Alberta and Ontario. The lender promises decisions within hours.
How to approach Fraction Lending Inc
You can contact Fraction Lending Inc yourself; nothing stops you. What you cannot easily find out is what they will actually accept. How they read self-employed income, which add-backs they allow, how they treat rental income, and what they will accept in place of the documents you cannot produce — none of that is published in full anywhere, and it moves.
A licensed broker who places files with lenders like this every week knows those criteria, and more usefully knows how to structure a file so it lands inside them rather than just outside. On anything that is not a straightforward salaried purchase, that structuring is most of the difference between an approval and a decline. It costs you nothing on a prime mortgage — the lender pays the broker when it funds.
| Lender type | Monoline · Reverse mortgage |
| Trade name of | Fraction Technologies Inc. |
| Head office | 1050 Homer Street, Vancouver, BC V6B 2W9 |
| Website | fraction.com |
| Phone | 1-844-470-2928 |
Get notified 90 days before your renewal
Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
Borrower ratings for Fraction Lending Inc
In today’s world, reviews dictate the service industry. Brokers have taken the hit for bad lenders. We bring the consumer experience to light to help borrowers decide.
How quickly did they issue a commitment and get to funding?
Was the rate you got competitive for the product you qualified for?
Could you reach someone, and did they resolve things?
Portal, e-signing, document upload, online account — did it work?
Were the terms, fees and penalties clear before you signed?
Worked with Fraction Lending Inc?
Score them on the five things above. We confirm every review by email before it publishes, and we publish the bad ones too.
Questions about Fraction Lending Inc
Is Fraction Lending Inc a real mortgage lender?
Yes. Fraction Lending Inc is a monoline (reverse mortgage) based in British Columbia. Its own site is fraction.com.
What kind of lender is Fraction Lending Inc?
Monoline — categorised in our directory as Reverse Mortgage / Equity Release. Mortgages and nothing else, sold through brokers. Best pricing in the market and usually the fairest penalty formulas. Most Canadians have never heard of them, which is exactly what this directory is for.
Should I go to Fraction Lending Inc directly or through a broker?
You can approach them yourself. The reason most people do not is that a lender's real criteria — how income is read, what is accepted as documentation, what will be allowed as an exception — are not published, and they change. A broker who works with Fraction Lending Inc regularly knows them and knows how to present a file to fit them, which on anything other than a simple salaried purchase is usually what decides the answer. On a prime mortgage it costs you nothing either way, because the lender pays the broker when it funds.
Would Fraction Lending Inc approve me?
No profile page can answer that, and any site that tries is guessing. It turns on how your income is earned and how much of it a lender will count, your credit history, the property itself, and how much you need against what it is worth. Those are the questions a licensed broker asks before naming a lender — and they will tell you which ones realistically fit, this one included, and which would price it better.
Where does Fraction Lending Inc lend?
Its head office is in British Columbia. Lending areas change and are not always the same as where the lender is based — confirm current coverage with the lender or a broker before planning around it.
Would Fraction Lending Inc take your file?
Send us the details and a licensed broker will tell you which lenders fit — this one included, and the ones that would price it better.
Send us the file