Private & Alternative Mortgage Lender in Ontario
Fast and Flexible Mortgage Solutions in Ontario
Calvert Home Mortgage works with real estate investors, mortgage brokers, and homeowners across Ontario.
Over 50 years of experience
Over 11,000 deals funded
Over 2.8 billion in loans
Your Success is Our Priority
Calvert Home Mortgage Investment Corporation has been leading short-term mortgage solutions since 1975. For over 50 years our team built a legacy around understanding the unique challenges experienced by mortgage brokers, real estate investors and homeowners. Our team delivers valuable resources, insights and education to empower you to make confident, informed financial decisions.
Why Work With Calvert Home Mortgage?
No appraisals required on properties valued up to 1.5 million*
We’re backed by reliable, proven capital that allows us to fund opportunities with certainty.
Fully open mortgages — no prepayment penalties
Properties funded in any condition
Use equity from other properties as additional security
Commitment letters issued within 1 business day, funding in 2-3 business days
*Some conditions apply
Our Mortgage Solutions
Fix and Flip / Renovate and Refinance
Buying to fix up and resell for profit or buy, renovate, rent, and refinance.
— 6-month terms with flexibility to extend
— Key considerations: renovation scope, budget, and exit plan
— Borrowed funds accepted for down payment
— Down payments as low as $10,000
— Fully open mortgages, payout at any time
Interim Purchase
Purchasing to sell or refinance within 12 months with no renovations.
— Short-term solutions for time-sensitive investment opportunities.
— Fully open terms with interest-only payments
— Up to 12-month terms
Bridge
Quick turnaround financing between buying and selling properties.
— Buy even if your home is only listed
— Solves urgent buying situations like misaligned dates or qualification delays
— Access up to 85% Loan-to-Value
— Get financing within 2-3 days with all documentation
Equity Takeout
Access property equity to fund major expenses or investments.
— Open or closed mortgage options
— Use equity from other properties as security
— No appraisal required up to $1.5M
— Max Loan to Value is 75%
Flip/BRRR, Interim Purchase, and Bridge financing are fully open with interest-only payments and terms up to 12 months.
Key Questions
What Ontario mortgage brokers and real estate investors need to know about our lending solutions
We lend to qualified borrowers across Ontario, focusing on markets with strong and stable demand.
Our lending areas include:
- 100,000+ population centres, or communities within a 25 km driving distance
- 50,000+ population centres, or communities within a 10 km driving distance
- 10,000+ population centres within city limits
- Select rural and acreage properties
*Some restrictions may apply.
**For rural and smaller markets, we apply more conservative loan-to-value (LTV) ratios, along with adjusted rates and fees, to reflect market conditions.
For Mortgage Brokers
- Application
- Most recent NOA (to confirm no tax arrears)
- Proof of funds (bank statements, JV agreements, gifted funds, etc.)
- Property details (MLS/photos)
- Credit (minimum ~500, though stronger credit helps on larger loans)
- Clear deal notes (purchase price, renovation budget, ARV, and exit plan)
We have a lifetime client guarantee. If you have brought us a client, we are committed to referring them back to you any time they bring in a deal.
For Real Estate Investors
We also offer flexibility by allowing you to use equity from another property you own as security. This equity can be used to access additional funds for renovations, larger down payments, or potentially lower interest rates.
Most traditional lenders use the purchase price or as-is value. We assess the After-Repair Market Value (ARV) considering the value of the property as if renovations were completed when providing Flip (fix and sell) or Renovate and Refinancing.
Having a clear renovation plan with timelines is important and maximizes your likelihood of success.
The other benefit? We fund properties in all conditions. Our team understands the value beyond appearances and we focus on the opportunity, not the condition
Trusted by Investors, Brokers, and Homeowners Across Ontario
We provide short-term mortgage solutions powered by attentive care, and a responsive, collaborative team of experts.
Rating
Most lenders won't help clients with dreams of buying, fixing, and selling a property, to put some money in their pocket. Except for Calvert. A big part of their business is helping people with vision; to bring a property back to life for someone else to enjoy, and help everyone benefit from it. They are a grounded lender with common sense and many many years of experience when it comes to what we call Flip Financing. Always a pleasure to partner with Calvert to help our clients renovate and sell properties.
Always enjoy working with Calvert. Fast, reliable, easy to work with, 10 out of 10!!
Spenser, Katarina and the team at Calvert Home Mortgage are true partners. When working with clients who are looking for creative financing solutions for their investment projects, true teamwork and cooperation with my lenders is important to me --- for me, Calvert provides this, which is why I will continue to recommend them as a partner to my clients.
Kat and Hannah are incredible partners and worked magic for our clients. Great lenders with great products :)
Calvert is amazing and always a pleasure to work with. As a mortgage broker, they have provided me with super fast and effective solutions that have been able to help my clients when funds were quickly required. Thank you!
We had such a great experience working with the Calvert Mortgage team! A special shout out to Logan and Garrett for their exceptional service. They were always quick to respond, provided clear communication, and went above and beyond with creative solutions to make sure our clients' purchase transaction closed smoothly and on time. Their professionalism, problem-solving skills, and dedication truly set them apart. We couldn’t be happier and would highly recommend the Calvert Mortgage team to anyone looking for knowledgeable and reliable mortgage support!
I recently used Calvert Homes, and I must say Hannah was awesome to deal with and was very efficient and kept me up to date as the deal was getting processed. Hannah was also very knowledgeable and was able to turnaround the deal and get it funded in about a weeks time and honestly was great to deal with throughout the whole process and was always available to answer any questions I had. I will definitely be utilizing Calvert homes again in the near future. Thanks Sukhy
Protect your personal information. This company experienced a data breach and unnecessarily compromised my personal banking information despite not needing to store that information any longer. I reached out and spoke with their Chief Risk Officer many times for more information on the issue but he could not share many details. They assured me that the “experts” they consulted determined the risk to be minimal and offered a one year subscription to a credit monitoring agency. After researching, I requested an extension because I was not satisfied with 12 months of coverage. Many emails and phone calls later, the answer was a flat out “no”. The conversation remained amicable but it’s clear that no exceptions will be made and their relationship with me as a former client was not important. Two stars were given due to their initial response, the rest were docked because of their lack of transparency and unwillingness to compromise.
As a Mortgage Broker, I would like to thank Spenser Brooks (UW) and Calvert Mortgages. It was my immense pleasure to work with you. You are one of the most amazing Underwriters at Calvert that I had a pleasure of working with. Your skillset truly helped navigating the the entire file in the holiday season. Kuddos to you. Manny more files coming to Calvert and surely your way! Thank you once again for all the support. One of the best lenders in private space so far.
As a mortgage broker, I work with many lenders, but I have to say that Maggie truly stands out. From the very beginning, she went above and beyond to help me navigate complex deals with clarity and efficiency. Maggie is not only knowledgeable and thorough but also incredibly responsive, always ready to answer questions and provide valuable insights to keep my transactions moving smoothly. I highly recommend working with Calvert!
As a mortgage broker, I was looking for a quick second mortgage solution for my clients to consolidate debts, and working with Calvert Home Mortgage Investment Corporation was an incredible experience. Rob and Spenser were outstanding throughout the process. Spenser, my dedicated underwriter on this file, was highly professional and knowledgeable, making the entire transaction seamless. The team acted swiftly, understanding the urgency, and ensured the file was funded quickly without any hurdles. Their expertise and efficiency exceeded my expectations, and I’m beyond impressed with the service. I highly recommend Calvert for anyone needing reliable and professional mortgage solutions!
I needed a last-minute bridge loan for a client, and as always, Calvert delivered. Their responsiveness to my questions and the application process was impressive, and they secured approval in record time. I truly appreciate their reliability and efficiency!
Garrett from Calvert was quick to respond and found a very reasonable solution to my finance request. Turn around was super quick and deal funded on time :). Thank you
I had an outstanding experience with Calvert Home Mortgage! Their service was top-notch, offering great products and incredibly quick turnarounds. A special shout-out to Rob Maver, who was exceptional throughout the entire process. Rob was incredibly responsive, providing answers and updates around the clock, which made the entire experience smooth and stress-free. It’s clear that Calvert Home Mortgage values their clients and broker partners, and goes above and beyond to ensure satisfaction. Highly recommend their products for anyone in need of a reliable mortgage lender!
I worked with Calvert on a recent mortgage for one of my clients. This client was working on a flip opportunity and Calvert made the mortgage approval process quick and easy for the home purchase. I worked with Spencer and Meena. They were fantastic and very knowledgeable. Thanks, Calvert.
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