Magnum Mortgage Corp Mortgage Lender Profile
Generally for Albertans outside bank guidelines, including the self-employed, people with damaged credit, newcomers and investors needing short-term money.
Who they are
Magnum Mortgage Corp is a family-owned mortgage brokerage and private lending office in Sherwood Park, Alberta, and has been operating since the early 2000s. It is licensed by the Real Estate Council of Alberta and belongs to the Alberta Mortgage Brokers Association. The firm does three things: it brokers mortgages, it lends privately from its own funds and from investor funds, and it administers private loans. The money it lends comes partly from individual investors, including through registered plans such as RRSPs and TFSAs, and is placed into mortgages secured against Alberta real estate.
What they lend on, and who for
Magnum lends on residential near-prime and sub-prime first and second mortgages, including second mortgages that sit behind A and B lenders. It is generally for people who fall outside bank guidelines: the self-employed, applicants with damaged credit, newcomers to Canada, and property investors who need short-term or bridge financing. Its lending is concentrated on Alberta properties, though the firm also works with brokers elsewhere in Canada whose clients own Alberta real estate. It also assists in foreclosure situations. Each loan is structured to the individual file, so terms vary from borrower to borrower.
How to approach Magnum Mortgage Corp
You can contact Magnum Mortgage Corp yourself; nothing stops you. What you cannot easily find out is what they will actually accept. What loan-to-value they will genuinely go to on your property, what exit they want to see, what the lender fee comes to, and how fast they can fund — none of that is published in full anywhere, and it moves.
A licensed broker who places files with lenders like this every week knows those criteria, and more usefully knows how to structure a file so it lands inside them rather than just outside. On anything that is not a straightforward salaried purchase, that structuring is most of the difference between an approval and a decline. It costs you nothing on a prime mortgage — the lender pays the broker when it funds.
| Lender type | Private |
| Registered as | Magnum Mortgage Corp. |
| Head office | 100 - 450 Ordze Road, Sherwood Park, AB T8B 0C5 |
| Website | magnumlending.ca |
| Phone | 780-467-6393 |
Get notified 90 days before your renewal
Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
Borrower ratings for Magnum Mortgage Corp
In today’s world, reviews dictate the service industry. Brokers have taken the hit for bad lenders. We bring the consumer experience to light to help borrowers decide.
How quickly did they issue a commitment and get to funding?
Was the rate you got competitive for the product you qualified for?
Could you reach someone, and did they resolve things?
Portal, e-signing, document upload, online account — did it work?
Were the terms, fees and penalties clear before you signed?
Worked with Magnum Mortgage Corp?
Score them on the five things above. We confirm every review by email before it publishes, and we publish the bad ones too.
Questions about Magnum Mortgage Corp
Is Magnum Mortgage Corp a real mortgage lender?
Yes. Magnum Mortgage Corp is a private based in Alberta. Its own site is magnumlending.ca.
What kind of lender is Magnum Mortgage Corp?
Private — categorised in our directory as Private Lender. Equity lenders — the property matters more than the borrower. Short terms, higher rates, lender fees, and speed. Right for a genuinely temporary problem, wrong as a destination.
Should I go to Magnum Mortgage Corp directly or through a broker?
You can approach them yourself. The reason most people do not is that a lender's real criteria — how income is read, what is accepted as documentation, what will be allowed as an exception — are not published, and they change. A broker who works with Magnum Mortgage Corp regularly knows them and knows how to present a file to fit them, which on anything other than a simple salaried purchase is usually what decides the answer. On a prime mortgage it costs you nothing either way, because the lender pays the broker when it funds.
Would Magnum Mortgage Corp approve me?
No profile page can answer that, and any site that tries is guessing. It turns on how your income is earned and how much of it a lender will count, your credit history, the property itself, and how much you need against what it is worth. Those are the questions a licensed broker asks before naming a lender — and they will tell you which ones realistically fit, this one included, and which would price it better.
Where does Magnum Mortgage Corp lend?
Its head office is in Alberta. Lending areas change and are not always the same as where the lender is based — confirm current coverage with the lender or a broker before planning around it.
Would Magnum Mortgage Corp take your file?
Send us the details and a licensed broker will tell you which lenders fit — this one included, and the ones that would price it better.
Send us the file