Residential Mortgage Solutions for Your Dream Home
Finance single-family homes, condos, townhomes, and investment properties with competitive rates and personalized service
Property Types We Finance
From first homes to investment properties, we provide financing for all residential property types
Detached houses perfect for families and first-time buyers
Low-maintenance living in managed buildings with amenities
Attached homes offering space and affordability
Duplexes, triplexes, and fourplexes for investors
Second homes and seasonal properties in desirable locations
Brand new homes built to your specifications
Residential vs Commercial Mortgages
Understanding the key differences between mortgage types
- Lower interest rates
- Longer amortization periods (up to 30 years)
- Easier qualification requirements
- Personal income-based approval
- Lower down payment options
- Mortgage default insurance available
- Tax-deductible interest (in some cases)
- Variety of government programs
- Higher interest rates
- Shorter amortization periods
- Stricter qualification requirements
- Business income-based approval
- Larger down payment required (25-35%)
- No mortgage default insurance
- Limited tax benefits
- Fewer government programs
What Lenders Look For
Key requirements for residential mortgage approval
Minimum 600-680 credit score, with 720+ receiving the best rates
As low as 5% for first-time buyers, 20% to avoid insurance
Total debt should be below 43% of your gross monthly income
Stable employment for at least 2 years in the same field
Professional valuation to confirm market value and condition
Pay stubs, T4s, and tax returns to verify earnings
Flexible Financing Options
Choose the mortgage product that fits your needs
Why Choose a Residential Mortgage
The advantages of financing your home purchase
Residential mortgages typically have lower rates than commercial
15-30 year terms make monthly payments more affordable
Simpler application process based on personal finances
Mortgage interest may be tax-deductible in some cases
Each payment builds ownership in your home
Fixed-rate mortgages lock in predictable payments
Home Affordability Calculator
See how much home you can afford based on your income
Maximum Home Price
$463,135
Monthly Payment (P&I)
$2,367
Required Down Payment
$46,314
Estimated Total Monthly Costs
$2,888
Includes taxes and insurance
Your Path to Homeownership
Simple steps from application to closing
Initial Consultation
Discuss your homeownership goals and financial situation
Pre-Qualification
Get an estimate of how much you can afford to borrow
Home Search
Find your perfect property with your real estate agent
Formal Application
Submit complete application with income and asset verification
Property Appraisal
Professional inspection ensures the property value
Underwriting Review
Lender reviews and approves your mortgage terms
Closing
Sign documents and receive keys to your new home
What Our Clients Say
Real stories from homeowners we've helped
"We were first-time homebuyers and the team made the process so smooth. They explained everything clearly and helped us get pre-approved within days. We're now proud homeowners!"
"As an investor looking to purchase my third rental property, I needed competitive rates and flexible terms. The residential mortgage program exceeded my expectations."
"After struggling with my credit score, I thought homeownership was out of reach. The mortgage specialists worked with me to improve my application and I qualified for a great rate!"
"Moving from a condo to a single-family home seemed daunting, but the team handled everything. From pre-approval to closing, they were there every step of the way."
Frequently Asked Questions
Get answers to common questions about residential mortgages
For first-time buyers, you can put down as little as 5% on homes under $500,000. For homes over $500,000, you'll need 5% on the first $500,000 and 10% on the remaining amount. A 20% down payment avoids mortgage default insurance premiums.
Most lenders require a minimum credit score of 600-680 to qualify for a residential mortgage. However, scores of 720 or higher typically receive the best interest rates and terms. We can help you improve your credit score if needed.
Pre-approval involves submitting your financial information including income, debts, assets, and credit history. A lender reviews this and provides a conditional commitment for a specific loan amount. This process typically takes 1-3 business days.
Fixed-rate mortgages lock in your interest rate for the entire term (1-10 years), providing payment stability. Variable-rate mortgages have rates that fluctuate with the market, often starting lower but carrying more risk. Your choice depends on your risk tolerance and market outlook.
Closing costs typically range from 1.5% to 4% of the purchase price and include legal fees, title insurance, land transfer tax, appraisal fees, and home inspection costs. For a $500,000 home, budget $7,500 to $20,000 for closing costs.
Most mortgages allow prepayment options, typically 10-20% of the original principal per year without penalty. Some mortgages also allow increased payment amounts. Check your mortgage terms for specific prepayment privileges and penalties.
If you put down less than 20%, you'll need mortgage default insurance (CMHC, Sagen, or Canada Guaranty). This protects the lender if you default on your loan. The premium ranges from 0.6% to 4% of the loan amount and can be added to your mortgage.
Pre-approval can be completed in 1-3 business days. Once you've found a property and submitted a formal application, full approval typically takes 2-4 weeks. Having all your documentation ready can speed up this process significantly.
Ready to Start Your Homeownership Journey?
Get pre-approved today and discover what you can afford