Whether the market is hot or cooling off, one thing stays the same: real estate investors need to act fast. A pre-approval from Calvert Home Mortgage is designed specifically for real estate investors. It gives you the confidence that we’re ready to lend to you or your corporation, so when the right property comes along, you can move quickly and decisively.
Why Get Pre-Approved Before You Find a Property?
We understand that you’re not buying a forever home — you’re investing in a project. That’s why we tailor our process and financing solutions to support your investment strategy. Pre-approval gives you the confidence to act quickly, knowing we’re comfortable lending to you and ready to support your next deal when the right opportunity comes along.
Personal or Corporate Pre-Approval
Our pre-approvals are based on you or your corporation, not a specific property. We review your profile in advance to confirm we’re comfortable lending to you. While it’s not a commitment to fund a particular deal, it’s an indication that when you find a profitable project that fits our lending criteria, we’re ready to support it.
Think of it as a green light to start your search. When you identify the right opportunity, we’ll complete a full review and valuation to move things forward quickly.
Free Property Reviews
Found a property you’re interested in? We’re happy to review it before you make an offer to help you assess its potential. While this isn’t formal approval, it can give you extra confidence while negotiating. Our Real Estate Analysts can also complete in-house valuations quickly and at no cost to you, saving you time and money.
Valid Up to One Year
No need to reapply with each deal. Just send in updated documents (outlined below) and keep moving forward.
What You’ll Need to Get Pre-Approved
We keep our document requirements to a minimum. To get started with a personal or corporate pre-approval, you’ll need:
- Completed application
- Most recent Notice of Assessment (NOA)
- Credit check (we’ll pull this once we receive a signed application)
- Proof of available capital for Flip/BRRR projects to cover down payment, renovations, and carrying costs. Statements should include your name and be dated within the last 30 days.
For corporations, we may request additional documents depending on your structure.
Once pre-approved, and when you have a property in mind, we request:
- Property address
- Offer to purchase (if available)
- Renovation plan, budget, and timeline. Use our Renovation Budget Checklist to make this easy; here’s an example of the completed checklist.
- Clear, recent photos of the property (interior/exterior), if not listed on MLS
- Deadline for submitting offers (to help us prioritize the valuation)
- Details of similar past projects, if applicable (address or photos)
This allows us to complete an internal valuation so you can make confident, competitive offers.
It’s important to note that pre-approvals don’t include a dollar amount but confirm your financial readiness. We keep your application, credit, and NOA on file for a year. Proof of capital is required for each deal. Additional documents may be required, depending on the nature of the deal. You can learn more about our mortgage requirements here.
Final approval will still depend on a full review of the property and underwriting requirements, but with pre-approval in place, you’re already a step ahead.
Let’s Get You Deal Ready
Pre-approval is a smart first step for any real estate investor looking to move quickly and make informed investment decisions.
Connect with us to start your pre-approval today.
For Alberta pre-approvals or to learn more about Calvert Home Mortgage, contact Kaelan Nelson.
Email: kaelan@chmic.ca
Cell: 587-585-4571
Office Phone: 403-278-0249
Book a meeting here.
For Ontario pre-approvals, click here.
To learn more about Calvert Home Mortgage in Ontario, contact Katarina Jarossy and Dan Werner.
Based in the GTA?
Email: katarina.jarossy@chmic.ca
Cell: 416-799-2553
Office Phone:1-888-752-4642
Book a meeting here.
Anywhere else in Ontario:
Email: dan.werner@chmic.ca
Cell: 416-316-5336
Office Phone: 1-888-752-4642
Book a meeting here.
FAQs
Q: Does getting pre-approved affect my credit score?
A: Yes. We run a credit check as part of the process, which may have a small impact on your score. The good news is we only need to pull your credit once, and we can keep it on file for up to a year (subject to change). Learn more about how credit checks affect your score from Equifax Canada.
Q: Can I use my pre-approval for more than one deal?
A: Yes—your pre-approval is valid for 12 months. Just update your documents as new deals arise. Be prepared to update your documents, as some information may need to be refreshed over time.
