Lender History:
Home Trust was founded in 1977 with the goal of helping Canadians, particularly those with non-traditional financial situations, access affordable financial products. Over the years, it has grown into a prominent federally regulated lender offering a range of services, including mortgages, credit cards, and deposit products. Home Trust specializes in providing solutions to individuals who may have limited credit history or are self-employed, along with newcomers to Canada. It operates nationwide, with its headquarters in Toronto and offices in major cities like Vancouver, Calgary, Montreal, and Halifax
Lender Key Strengths
Home Trust’s key strengths lie in its flexible mortgage programs designed to cater to diverse financial situations:
Stated Income Programs: Home Trust offers stated income options for self-employed individuals or those with irregular income, making it easier for non-traditional borrowers to qualify for a mortgage.
Extended Ratios: With more lenient qualifying criteria and extended debt service ratios, Home Trust helps borrowers qualify more easily, even if they have higher levels of debt.
Rental Property Program: Their rental property program offers financing for real estate investors, providing competitive options for those looking to grow their property portfolio.
No Minimum Beacon Score: Home Trust doesn't require a minimum credit score, making homeownership accessible for individuals with past credit challenges or no credit history.
These strengths make Home Trust an ideal lender for those with non-traditional financial backgrounds
Factors to consider:
Does Home Trust offer Bilingual Service? Yes.
What kind of rates would they offer? Rates are based on risk level so the advertised rate is often lower than the offered rate.
Will Home Trust lend funds for a mortgage in a holding company? Yes.
Does Home Trust have any brick and mortar offices? No.
Does Home Trust have any other banking services? They have investing and credit cards.
