Home Trust is a well-established Canadian lender known for its non-prime and alternative mortgage solutions, serving clients who don’t fit traditional bank criteria. As a federally regulated trust company founded in 1977, they focus on building flexible mortgage options through mortgage brokers across Canada.
What Mortgage Products Does Home Trust Offer?
Home Trust offers a range of mortgage products designed for varying borrower needs:
- Classic Mortgage (Alternative Lending)
Ideal for borrowers with non-traditional income, bruised credit, or who may not qualify with a bank. Available for down payments of 20% or more. - Prime Fixed and Variable Mortgages
For clients with strong credit histories, Home Trust offers competitive prime-rate products similar to a bank. - Rental Property Mortgages
Designed for investors purchasing secondary homes or rental properties. - Refinancing and Renewals
Offers options to refinance existing mortgages or renew current terms with new features.
Who Is Home Trust Best Suited For?
Home Trust is a strong match for:
- Self-employed individuals with fluctuating or on-paper income.
- Borrowers with challenged credit or limited credit history.
- Newcomers to Canada who lack established credit records.
- Real estate investors purchasing rental properties.
- Homeowners seeking flexible refinancing or equity access through their Credit Card solution.
That said, prime borrowers might prefer banks or lenders with more traditional packages. Home Trust excels when flexibility and accessibility are required.
Advantages of Home Trust
- Flexible approval process, especially for non-traditional applicants
- Competitive rates for both prime and alternative products.
- HELOC-like EquityLine Visa with no annual fee or foreign transaction charges.
- Broker-exclusive access, meaning approvals are arranged through licensed professionals, not walk-in applications.
- Digital account portal (Home Digital) provides easy access to statements and account details.
Things to Keep in Mind
- No pre-authorized mortgage approvals online—all applications go through brokers
- Appraisal fees and legal costs may apply.
- Some product restrictions exist, such as limited availability for modular homes or certain property types hometrust.ca.
- Alternative products carry higher rates compared to prime mortgages.
How to Know If Home Trust Is Right for You
Working with a mortgage broker will help you determine the right fit. Not every lender is suitable for every borrower, and Home Trust may be an excellent choice if:
- You have non-standard income from freelancing or commissions.
- Your credit history was impacted by past financial challenges.
- You’re looking to unlock home equity responsibly.
- You want an alternative option when banks say no.
At The Local Broker, we help identify which lender works best based on your full financial profile. If you’re looking to apply, our online mortgage application makes it easy to explore options—including Home Trust’s.
Final Thoughts
Home Trust is a trusted lender in the alternative mortgage space, offering flexible and accessible products to borrowers who may not fit traditional lending standards. From first-time buyers to investors and those self-employed or with credit challenges, Home Trust offers meaningful solutions.
Interested in learning more or comparing your options? Contact us to discuss your situation and explore whether Home Trust or another lender is the best fit for you.
