Community Trust is an Ontario-based lender that offers a variety of mortgage products, including both prime and alternative solutions. As part of the Questrade Financial Group, Community Trust is known for its flexibility, especially for borrowers who may not qualify with traditional banks.
They focus exclusively on working through mortgage brokers, so their products are not available directly to consumers.
What Types of Mortgages Does Community Trust Offer?
Community Trust provides a range of mortgage options designed to support borrowers in different financial situations:
- Prime Mortgages – For clients with strong credit and standard income.
- Alternative Mortgages – For clients with bruised credit, self-employment income, or non-traditional applications.
- Rental and Investment Property Mortgages – For buyers acquiring secondary properties or investment units.
- Refinancing Options – Access home equity for debt consolidation, renovations, or life changes.
- Second Mortgages and HELOCs – For clients who need to tap into their home’s equity but aren’t breaking their first mortgage.
Ideal Clients and Use Cases
Community Trust may be a good fit for:
- Borrowers with non-traditional or self-employed income
- Applicants who have experienced credit challenges
- Homeowners looking to refinance and consolidate debt
- Real estate investors seeking rental property financing
- Clients purchasing or refinancing homes outside of major cities
Community Trust is known for evaluating the full story of a borrower, not just the credit score.
Advantages of Working with Community Trust
- Flexible Lending Criteria – Especially useful for those with unique income or credit situations.
- Quick Turnaround Times – Their broker portal allows for efficient application processing.
- Range of Mortgage Products – They offer both conventional and alternative lending solutions.
- Support for Brokers – Community Trust works exclusively through brokers, meaning your mortgage professional can help structure a deal that works for you.
Potential Downsides
- Broker-Only Access – You cannot apply directly; you need a mortgage broker.
- May Charge Lender Fees – Especially on alternative products or higher-risk files.
- Limited Product Visibility – Because they don’t deal directly with the public, many borrowers may not know they’re an option until a broker introduces them.
Not All Brokers Have Access
It’s worth noting that not all mortgage brokers have access to Community Trust. At The Local Broker, we do have access and can help determine whether Community Trust is the right fit for your mortgage or refinancing needs.
If you’re exploring your options, we’re here to help. You can get started online or contact us directly to discuss your unique situation.
