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Obtaining financing is a key step when you’re purchasing a home. There’s a lot of information you’ll need to provide – documentation of income, tax documents, proof of employment, and more. Brookfield Residential is with you every step of the way, including the mortgage process. Our preferred lender, BRP Home Mortgage, works directly with our homebuyers to offer a seamless financing experience and expert assistance from day one.
We believe that everyone deserves a simple and straightforward home financing experience. When you work alongside us, you can expect a diverse selection of home loans, competitive rates, knowledgeable professionals, and a streamlined digital mortgage process, from pre-qualification to closing.
BRP Home Mortgage is committed to making your mortgage application as simple and seamless as possible. Working hand-in-hand with Brookfield Residential from start to finish removes you as the coordinator resulting in a smoother transaction from start to finish. This means you’ll have the keys to your new home before you know it!
Our lending team offers a variety of loan products to tailor your home financing to your individual needs.
Using BRP Home Mortgage’s digital consumer portal, you can complete your application online, anytime and from anywhere.
The home financing process will be demystified so you can focus on personalizing the home of your dreams.
Prevent your interest rate from increasing while your home is being built.
Functioning like convenient ‘one-stop shopping,’ you’ll receive timely updates, accurate documents, and a more certain closing.
*Please contact your Loan Consultant for specific details.
Once you’ve reserved a home, you need to put money down to take it off the market to make it officially “yours.” Typically it will be a deposit of around 3% of the price of the home. Those funds will be held in escrow until it’s time to close, then they convert and become part of your total overall down payment.
You don’t need perfect credit to obtain financing. At BRP Home Mortgage, we offer a wide range of products for various FICO scores. If you feel your FICO score may not meet the criteria, we can always assist with other financial services designed to raise your credit.
We have to pull our own credit report to issue the Pre-Approval. It is all auto generated and we are not able to pull in another mortgage company’s credit report into our system.
We will pull it when completing your Pre-Approval, at time of reservation (only if it has expired), and the last time would be about 45 days prior to closing (only if it has expired).
Our credit reports are good for 120 days.
No, we will allow it to expire and only run it again about 45 days prior to closing.
No, we will always call or email you prior to running it. Even if you have given permission in the past.
It can, depending on how many times you have run your credit in the last few months and if your credit score is under 680. If you’ve ran your credit several times in the last few months to obtain a mortgage, that shouldn’t affect the credit. If you have been shopping for a car and opened up a new credit card when also applying for a mortgage, yes that will drop your score.
We want our homebuyers to feel empowered and knowledgeable when it comes to making the right home financing choice. We offer several tools, calculators, and homebuyer tips to help you feel informed and confident throughout your home financing process.
Play with the mortgage calculator to estimate your monthly payment, including your principal and interest estimated balances. Use the affordability calculator to help determine your budget and how much you can afford. The Rent Vs. Own calculator allows you to sort through the fees, taxes, and monthly payment to better understand and decide between these two options.
The language used in home financing can be full of acronyms and verbiage you may not have experience with if you haven't been through the process before. In the Mortgage Glossary, we've defined a few of the most common terms you'll see during and after submitting your loan application.
Whether you’re purchasing your first home or you’ve bought houses in the past, BRP Home Mortgage wants to make your experience as smooth as possible. Our collection of Homebuyer Tips provides important insights and advice on how to navigate the process.
At BRP Home Mortgage, we provide mortgage solutions that are personalized, convenient, and faster. We work directly with Brookfield Residential, your new home builder, to offer you a seamless design and finance experience to create the best place to call home. We can’t wait to work with you! Contact us today for answers to all your mortgage related questions.