Your Medicine Hat
Mortgage Broker.

Mortgage Broker
Medicine Hat You Trust.

Medicine Hat is known for its affordability, sunshine, and strong energy community. If you work in oil and gas, you're self-employed, or you're transitioning into retirement, we understand your income and know how to present it to lenders. We work with dozens of lenders and specialize in the situations that banks decline.

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What Makes a Medicine Hat Mortgage Different

Medicine Hat is one of the most affordable cities in Alberta, with a steady economy built on natural gas, agriculture, healthcare, and small business. That affordability makes ownership realistic for a lot of people — as long as the financing is put together right.

An affordable market worth getting right

Home prices in Medicine Hat are among the lowest of any Alberta city, which puts a first home within reach for many buyers and young families. But a low price only helps if your file gets approved. Lining up the down payment, the qualifying income, and the right lender is what turns an affordable listing into your home — and a real pre-approval can hold a rate for up to 120 days.

Income that doesn’t fit the bank’s box

Medicine Hat runs on agriculture, gas, trades, and small business — a lot of local income is farm income, self-employment, or contract work. Banks tend to read that conservatively. Alternative (B) lenders can often work from your business bank statements instead of your tax returns and see your full earning power. Knowing which lenders do this is where a broker earns their keep.

Three paths to approval, not one

There isn’t one way to get a mortgage — there are three, and the right one depends on your file. A-lenders (the banks and credit unions) offer the most competitive rates when you have strong credit and provable income. B-lenders are built for self-employed, bruised-credit, or unusual-income files, usually as a one- to two-year bridge back to an A-lender. Private lenders are equity-focused for tight timelines or complex files, and generally need 20–25% or more down. A single bank can only offer you the first path — we shop all three and build a plan to move you up to better terms over time.

Medicine Hat Mortgage Questions, Answered

Do I need to live in Medicine Hat to work with you?

No. We’re licensed across Alberta and work with buyers, owners, and renewers throughout Medicine Hat and the surrounding area. Everything is handled by phone, email, and secure e-signing, so you never have to visit an office.

Can I get a mortgage in Medicine Hat if I’m self-employed or farm?

Yes — self-employed and farm files are a specialty. A-lenders usually average your last two years of declared income, while alternative (B) lenders can often use about a year of business bank statements instead, which helps if you write off heavily. We match your file to the lender that reads it best.

How much down payment do I need?

For an owner-occupied home, as little as 5% on the first $500,000 and 10% on the portion above that, up to a $1.5 million purchase price. A rental or investment property generally needs at least 20% down, and private financing usually asks for 20–25% or more. We’ll give you the real number for your plan before you start shopping.

What credit score do I need to buy a home in Medicine Hat?

There’s no single cutoff. A-lenders want stronger credit, but B-lenders regularly work with scores below 600 when the rest of the file is solid, and private lenders look mainly at your equity and down payment. A past bankruptcy, consumer proposal, or collection doesn’t automatically disqualify you.

Should I just renew with my current lender?

Not without checking your options first. The renewal letter your lender sends is a starting point, not their best offer — and since late 2024 you can switch lenders on a straight renewal without re-passing the stress test, which opens up the whole market. A quick review often saves real money.