Home Trust Company
Is Part of RateShop Mortgage's Trusted Canadian Lender Network
Home Trust Company: Your Path to Tailored Mortgage Solutions
Home Trust Company: Your Path to Tailored Mortgage Solutions
History as a Mortgage Lender in Canada
Founded in 1977, has established itself as one of Canada’s premier alternative financial institutions. As a subsidiary of Home Capital Group, Home Trust focuses on serving borrowers with unique financial situations who may not qualify with traditional banks. With over $20 billion in assets under administration, it ranks as a top-tier alternative lender. Its partnership with RateShop Mortgages enhances its reach, providing customers with expert advice and access to tailored products.
Founded in 1977, has established itself as one of Canada’s premier alternative financial institutions. As a subsidiary of Home Capital Group, Home Trust focuses on serving borrowers with unique financial situations who may not qualify with traditional banks. With over $20 billion in assets under administration, it ranks as a top-tier alternative lender. Its partnership with RateShop Mortgages enhances its reach, providing customers with expert advice and access to tailored products.
Types of Mortgage Products & Programs
Home Trust and RateShop Mortgages offer a comprehensive suite of mortgage products to serve residential and commercial clients:
Residential Mortgage Products:
Fixed-Rate Mortgages: Stable payments with locked-in rates for peace of mind.
Variable-Rate Mortgages: Benefit from market-based rate fluctuations.
Equity-Based Lending: For borrowers with significant home equity but limited income documentation.
Refinancing Options: Consolidate debt or access equity for personal projects.
Reverse Mortgages: Tailored for senior homeowners seeking financial flexibility.
Commercial Mortgage Products:
Financing for mixed-use and multi-residential properties.
Mortgages for retail, office, and industrial spaces.
Development and construction loans for real estate projects
Specialized Programs:
First-Time Home Buyer Options: Flexible down payments and guidance through government incentives.
Stated Income Mortgages: Ideal for self-employed individuals or commission-based earners.
Newcomer Mortgages: Supporting recent immigrants with limited Canadian credit history.
Credit Rebuilding Mortgages: Designed for borrowers recovering from financial challenges.
Fixed-Rate Mortgages: Stable payments with locked-in rates for peace of mind.
Variable-Rate Mortgages: Benefit from market-based rate fluctuations.
Equity-Based Lending: For borrowers with significant home equity but limited income documentation.
Refinancing Options: Consolidate debt or access equity for personal projects.
Reverse Mortgages: Tailored for senior homeowners seeking financial flexibility.
Financing for mixed-use and multi-residential properties.
Mortgages for retail, office, and industrial spaces.
Development and construction loans for real estate projects.
First-Time Home Buyer Options: Flexible down payments and guidance through government incentives.
Stated Income Mortgages: Ideal for self-employed individuals or commission-based earners.
Newcomer Mortgages: Supporting recent immigrants with limited Canadian credit history.
Credit Rebuilding Mortgages: Designed for borrowers recovering from financial challenges.
Minimum Credit & Income Requirements
Home Trust and RateShop Mortgages work to accommodate borrowers who may not fit the mold of traditional lenders:
First-Time Home Buyers:
Minimum Credit Score: 550-600 for specialized programs.
Down Payment: Starting at 5% with insurance.
Salaried and Contract Employees:
Steady income proof via pay stubs or employment contracts.
Self-Employed Borrowers:
Bank statements or stated income programs to verify income.
Credit-Challenged Borrowers:
Lower credit scores may qualify with higher down payments or equity-based programs.
We'll find great rates like this one from one or our several lending partners across Canada.
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Everyone's rate is unique.What's yours?
It is our job to get your lowest possible rate. Your rate qualification depends on certain factors, such as credit score and home equity as per regulations.
*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.
Home Trust and RateShop Mortgages work to accommodate borrowers who may not fit the mold of traditional lenders:
First-Time Home Buyers:
Minimum Credit Score: 550-600 for specialized programs.
Down Payment: Starting at 5% with insurance.
Salaried and Contract Employees:
Steady income proof via pay stubs or employment contracts.
Self-Employed Borrowers:
Bank statements or stated income programs to verify income.
Credit-Challenged Borrowers:
Lower credit scores may qualify with higher down payments or equity-based programs.
Mortgage Underwriting Criteria for Approval
Home Trust evaluates applications with flexible yet responsible underwriting criteria:
Credit Score: Generally, a minimum of 550, with leniency for equity-rich borrowers.
Debt Service Ratios (DSR): Housing costs capped at 39% of gross income; total debts capped at 44%.
Property Value Assessment: Requires a formal appraisal to confirm market value.
Income Verification: Flexible documentation, including alternative income sources.
Equity-Based Approval: Borrowers with significant equity may qualify despite low income or credit scores.
Home Trust evaluates applications with flexible yet responsible underwriting criteria:
Credit Score: Generally, a minimum of 550, with leniency for equity-rich borrowers.
Debt Service Ratios (DSR): Housing costs capped at 39% of gross income; total debts capped at 44%.
Property Value Assessment: Requires a formal appraisal to confirm market value.
Income Verification: Flexible documentation, including alternative income sources.
Equity-Based Approval: Borrowers with significant equity may qualify despite low income or credit scores.
Locations Serviced and Branch Presence in Canada
Home Trust Company operates nationwide with headquarters in Toronto, Ontario, and regional offices in major cities such as Vancouver, Calgary, and Montreal. RateShop Mortgages extends Home Trust’s services through its online platform, ensuring comprehensive access to borrowers across Canada.
Mortgage Application Checklist
Borrowers should prepare the following documents for a seamless application process:
Identification: Valid government-issued ID.
Income Proof: Pay stubs, tax returns, or bank statements (depending on the program).
Down Payment Evidence: Savings statements or gift letters.
Credit Report: Optional, as Home Trust will pull a credit check.
Property Details: Purchase agreement or property appraisal.
Borrowers should prepare the following documents for a seamless application process:
Identification: Valid government-issued ID.
Income Proof: Pay stubs, tax returns, or bank statements (depending on the program).
Down Payment Evidence: Savings statements or gift letters.
Credit Report: Optional, as Home Trust will pull a credit check.
Property Details: Purchase agreement or property appraisal.
How to Start a Mortgage Pre-Approval
Getting pre-approved with RateShop Mortgages and Home Trust Company involves:
Application Submission: Fill out RateShop’s secure online pre-approval form.
Document Upload: Provide the necessary financial and identification documents.
Consultation: A broker reviews your options and guides you to the right mortgage product.
Pre-Approval Letter: Valid for up to 120 days, offering a guaranteed rate and confidence in your budget.
Getting pre-approved with RateShop Mortgages and Home Trust Company involves:
Application Submission: Fill out RateShop’s secure online pre-approval form.
Document Upload: Provide the necessary financial and identification documents.
Consultation: A broker reviews your options and guides you to the right mortgage product.
Pre-Approval Letter: Valid for up to 120 days, offering a guaranteed rate and confidence in your budget.
How to Get Mortgage Rates
RateShop Mortgages ensures borrowers get competitive rates from Home Trust and other lenders:
Use RateShop’s rate comparison tool for real-time insights.
Speak directly to a mortgage broker to explore customized options.
RateShop Mortgages ensures borrowers get competitive rates from Home Trust and other lenders:
Use RateShop’s rate comparison tool for real-time insights.
Speak directly to a mortgage broker to explore customized options.
Mortgage Pre-Payment Options
Home Trust allows borrowers to manage their mortgage efficiently with flexible pre-payment features:
Lump Sum Payments: Pay up to 20% of the principal annually without penalties.
Payment Increases: Boost regular payments to accelerate repayment.
Double-Up Payments: Add extra payments alongside regular installments to reduce interest costs.
Home Trust allows borrowers to manage their mortgage efficiently with flexible pre-payment features:
Lump Sum Payments: Pay up to 20% of the principal annually without penalties.
Payment Increases: Boost regular payments to accelerate repayment.
Double-Up Payments: Add extra payments alongside regular installments to reduce interest costs.
With RateShop Mortgages and Home Trust Company, borrowers benefit from:
Tailored solutions for non-traditional borrowers.
Competitive rates and flexible terms.
Expertise in alternative lending for self-employed and credit-challenged clients.
Take the next step toward securing your dream home or investment property with RateShop Mortgages and Home Trust Company today!
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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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