MCAP Eclipse Mortgages, Explained

Eclipse is the alternative-lending program from MCAP — one of Canada’s largest mortgage-finance companies. It’s the common-sense B-lending arm for borrowers whose credit, income source or net worth don’t fit a conventional lender. (For MCAP’s prime lending, see our MCAP profile.)

Quick answer: MCAP Eclipse is the alternative (Alt-A / B) program from MCAP, one of Canada’s biggest mortgage lenders. It helps borrowers whose credit, income source or net worth don’t meet conventional criteria — the self-employed can often qualify around a 650 credit score on as little as 3–6 months of bank statements, on short 1–3 year fixed terms designed to rebuild credit and step back to prime. It’s broker-only. We place it and compare it to every other B-lender.

MCAP

Its alternative arm

Self-employed

A core fit

~650

Typical credit-score floor

1–3 yr

Short bridge terms

What is MCAP Eclipse?

Eclipse is MCAP’s alternative-lending brand. Where MCAP’s prime products serve strong-credit borrowers, Eclipse takes a common-sense view of files that don’t fit the conventional box — pricing for the risk and looking past a bruised credit history, a self-employed income structure or a recent life event. Brokers access Eclipse through MCAP’s broker portals, so your application and its progress stay in one place.

Who MCAP Eclipse is for

Self-employed borrowers who can document cash flow through bank statements rather than two years of tax returns.
Borrowers rehabilitating credit after a proposal, collection or rough patch.
Clients whose income source or net worth doesn’t fit a conventional lender’s tick-box.
Anyone who needs a short-term bridge to keep or buy a home while they strengthen their file.

MCAP prime vs Eclipse

One lender, two lanes

	MCAP (prime)	MCAP Eclipse
Best for	Strong-credit prime borrowers	Self-employed, credit rebuild, non-traditional
Underwriting	Standard prime criteria	Common-sense, risk-priced
Typical term	1–5 years	Short 1–3 year bridge
Access	Broker-only	Broker-only

How a Calgary mortgage broker helps with MCAP Eclipse

Eclipse is broker-only, and alt approvals hinge on how the file is built:

We document your income the way an alt underwriter needs to see it — bank statements, add-backs and all.
We compare Eclipse against Equitable, First National Excalibur, RFA Alternative, Home Trust and more — on rate and fees.
We map the exit back to prime at renewal from day one.
It’s free, with no credit hit to start and no obligation.

Mortgage Application

Self-employed or rebuilding credit? Let’s find your yes

2-minute form
No credit check to start
Bank-level encryption
No obligation

Frequently asked questions

What is MCAP Eclipse?

Eclipse is MCAP’s alternative-lending program for borrowers whose credit, income source or net worth do not meet conventional criteria. It uses common-sense, risk-priced underwriting and is available only through mortgage brokers.

Can the self-employed qualify for MCAP Eclipse?

Yes. Self-employed borrowers are a core fit and can often qualify around a 650 credit score using a few months of bank statements rather than two years of tax returns. Exact criteria vary and are subject to change.

Are Eclipse terms shorter than prime?

Usually. Eclipse mortgages often run on short 1 to 3 year terms, designed as a bridge that rebuilds your credit so you can move back to a prime mortgage at renewal.

How do I get an MCAP Eclipse mortgage?

Eclipse is broker-only. A licensed mortgage broker packages your file, submits it through MCAP’s broker portal, and compares Eclipse against other alternative lenders to find your best fit.

Don’t fit a conventional lender? Eclipse might fit you

We’ll build your file, compare MCAP Eclipse against every other B-lender, and plan your route back to prime. Apply online in about two minutes, or book a no-pressure discovery call.

Apply online Book a discovery call

Free · No credit check to start · No obligation

This article is general information, not financial, mortgage or legal advice. Lender products, rates, features and penalty structures vary, are subject to change and depend on lender approval. MCAP is not affiliated with Mortgages for Less and no endorsement is implied. Please speak with a licensed mortgage professional about your specific circumstances. Mortgages for Less with INDI Mortgage.