Haventree Bank
Is Part of RateShop Mortgage's Trusted Canadian Lender Network
Haventree Bank: Trusted Mortgage Solutions with RateShop Mortgages
History as a Mortgage Lender in Canada
Haventree Bank is a Canadian Schedule I Bank founded in 2016, specializing in alternative mortgage solutions. Based in Toronto, Haventree focuses on helping underserved borrowers, particularly those with non-traditional income or credit challenges. It has grown rapidly, supporting thousands of Canadians who may not qualify for conventional bank mortgages.
Types of Mortgage Products & Programs
Haventree Bank offers a diverse range of mortgage products tailored for residential borrowers:
Residential Mortgages:
Fixed-Rate Mortgages: Predictable payments for terms ranging from 1 to 5 years.
Variable-Rate Mortgages: Competitive rates linked to the prime lending rate.
Alternative Mortgages: Flexible options for borrowers with unique credit or income situations.
Home Equity Loans: Access up to 80% of your home’s value for renovations or debt consolidation.
Refinancing Solutions: Tailored plans to help you consolidate debt or access home equity.
Commercial Mortgages:
Customized financing solutions for small businesses and investors.
Minimum Credit & Income Requirements
Haventree Bank specializes in flexible lending criteria, ideal for non-traditional borrowers:
Credit Score: Minimum 550; options available for clients with past credit challenges.
Income Requirements:
Salaried Employees: Recent pay stubs and T4s.
Self-Employed Borrowers: Bank statements and stated income programs available.
Contract Employees: Proof of consistent contract income.
First-Time Home Buyers: Special programs with reduced documentation requirements.
Mortgage Underwriting Criteria for Approval
Haventree’s underwriting process focuses on:
Debt-to-Income (DTI) Ratio: Up to 50%, depending on the borrower's profile.
Loan-to-Value (LTV): Up to 80% for alternative mortgages.
Credit Flexibility: Consideration of recent credit issues, bankruptcies, or consumer proposals.
Property Appraisal: Required to ensure accurate valuation.
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*Advertised rates may not be offered by this lender. Mortgage lender offers are aggregated by RateShop & its Brokerage Network subject to change without notice. Speak with our mortgage broker about APR and qualification requirements.
Locations Serviced and Branch Presence in Canada
Haventree Bank operates primarily through digital platforms, serving clients across Canada. Although it does not have physical branches, its comprehensive online services and broker network provide nationwide support.
Mortgage Application Checklist
To apply for a Haventree mortgage, prepare the following:
Government-issued ID
Proof of income: Pay stubs, bank statements, or T4s
Credit history: Detailed credit report pulled by the lender
Property details: Purchase agreement or property assessment
Down payment verification: Bank statements or other assets
How to Start a Mortgage Pre-Approval
Consult a RateShop Broker: Receive tailored advice based on your financial profile.
Submit Documents: Provide income, credit, and property information.
Get Pre-Approved: Secure a pre-approval valid for up to 120 days.
How to Get Mortgage Rates
Online: Visit RateShop’s website for real-time Haventree mortgage rates.
Through Brokers: RateShop brokers access exclusive, competitive rates.
Direct Consultation: Contact Haventree Bank’s mortgage specialists.ns.
Mortgage Pre-Payment Options
Haventree Bank offers flexible pre-payment options:
Annual Lump-Sum Payments: Up to 20% of the original mortgage amount per year.
Increased Payments: Increase regular payments by up to 20% annually.
Haventree Bank, partnered with RateShop Mortgages, offers customized mortgage solutions for Canadians with diverse financial backgrounds. With competitive rates and flexible criteria, they help turn homeownership dreams into reality. 🏡
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Contact Information
6 Indell Lane, Brampton ON L6T 3Y3, Canada
Local: 416-827-2626
Toll: 800-725-9946
RateShop Inc. is a Mortgage Brokerage offering lowest mortgage rates to Canadians. We are provincially licensed in the following provinces: Mortgage Brokerage Ontario FSRA #12733, British Columbia BCFSA #MB600776, Alberta RECA #00523056P, Saskatchewan FCAA #00511126, PEI #160622, New Brunswick FCNB #88426, Newfoundland/Labrador. Our Quebec Mortgage Transactions are serviced by Orbis Mortgage Group AMF# 181136.
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