MCAP
MCAP mortgage rates — and how to beat the posted rate.
MCAP’s broker-channel rate is typically 15-30 bps below the rate you’d see walking into a branch. We access it as an FSRA-licensed brokerage — and compare it against 50+ lenders so you get the best fit, not just one bank’s sheet.
Rates as of May 13, 2026 · source: editorial rate registry. Personalized rate depends on your file. O.A.C.
5-year fixed
4.19%
Best in our network
5-year variable
4.04%
Best in our network
3-year fixed
4.39%
Best in our network
About MCAP (a broker’s view)
Canada's largest non-bank mortgage funder. Typically prices 10-25 bps below the Big-6 on insured purchases. The MCAP Eclipse program is one of the few alt-A monoline programs at competitive rates. Broker-channel only.
- Aggressive insured pricing
- Fair-IRD penalty calculation
- MCAP Eclipse alt-A program
- BFS-friendly full-doc files
MCAP mortgage rates — FAQ
What are MCAP's mortgage rates today?
Lenders run two rate sheets — the posted/branch rate and the broker-channel rate. As an FSRA-licensed brokerage we access MCAP's broker-channel pricing, typically 15-30 bps below their posted rate. Your exact rate depends on your file (income, credit, LTV, property).
Is MCAP a good mortgage lender?
Canada's largest non-bank mortgage funder. Typically prices 10-25 bps below the Big-6 on insured purchases. The MCAP Eclipse program is one of the few alt-A monoline programs at competitive rates. Broker-channel only.
Can I get a lower rate than MCAP's posted rate?
Usually, yes. MCAP's broker-channel rate is typically lower than the walk-in rate, and we also compare MCAP against 50+ other Canadian lenders — sometimes another lender prices your specific file better. We shop all of them on one application.
Does MCAP offer rate holds?
Yes — like all major Canadian lenders, MCAP offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to MCAP for a real underwritten pre-approval.
How do I apply for a MCAP mortgage?
Through a licensed broker you reach MCAP's broker channel directly. Start a no-obligation application with Mortgage Squad Advisors (FSRA #13737) and we'll submit to MCAP — and compare it against the rest of the network — with no bureau pull to begin.