Jumbo Mortgages in Toronto & the GTA
High-Value Homes. Financing Assessed on Its Merits.
Large loans on high-value properties don't always fit a bank's lending limits or income rules. BNQ Financial is a private mortgage lender for jumbo mortgages in Toronto and across Ontario. We assess every deal on the property, the equity, and the exit plan — with term sheets in 24–48 hours on a complete file, subject to underwriting.
in funded deal volume across our principals
Years of cumulative principal experience
Hours to term sheet on a complete file
Your Path to a Jumbo Mortgage
A jumbo mortgage finances a high-value home with a loan larger than many lenders' standard limits. BNQ Financial works through a network of FSRA-licensed mortgage agents who guide you from first call to closing.
Connect with a Licensed Agent
We only work with FSRA-licensed mortgage professionals whose brokerage is registered with BNQ Financial. They know how we structure large-loan private residential files for the best outcome. If you don't have a broker, we can connect you with one.
Share Your Scenario
Your agent gathers the details — the property and its value, the loan amount, your down payment or existing equity, your income and assets, and your exit plan. We look at the full picture, not just a credit score.
Receive Your Term Sheet — Within 24–48 Hours
BNQ Financial reviews your complete file and responds with a clear term sheet, subject to underwriting and appraisal. Rates, fees, and terms are disclosed upfront — no moving goalposts.
Close With Confidence
Your agent coordinates closing with our team. We recommend independent legal advice before you sign, and your documentation is FSRA-compliant from start to finish.
What Can a Jumbo Mortgage Fund?
Private financing for high-value residential properties in Toronto and across Ontario, in first or second position. Every deal is structured around a clear exit strategy — not a one-size-fits-all policy.
High-Value Home Purchase
Buy a high-value home when the loan size or your profile falls outside a bank's limits.
Homes priced at $1.5 million or more aren't eligible for default mortgage insurance, so buyers need at least 20% down and a lender willing to carry a large loan. A first-position private mortgage can help you close while you arrange long-term financing.
- Property and equity first — assessed on the appraised value, your down payment, and the plan.
- Short terms — 1- and 2-year terms designed as a bridge, not a permanent home.
- Firm closing dates considered — time-sensitive files are reviewed promptly.
Typical exit plan: refinancing with a conventional lender, or a property sale.
Bridge Financing for Upsizing
Buy your next home before your current one sells.
Upsizing in Toronto often means carrying two high-value properties at once. Bridge financing can unlock the equity in your current home to fund the purchase, with repayment planned from the sale.
- Close on your timeline — fund the new purchase before your sale completes.
- Equity-based — assessed on the equity in your existing property.
- Short-term by design — structured around a defined sale.
Typical exit plan: repayment from the sale of your existing property.
Equity Take-Out on a High-Value Home
Access the equity built in your Toronto property.
For renovations, investment, business capital, or debt consolidation — a first or second mortgage can unlock equity in a high-value home without relying solely on your reported income.
- First or second position — refinance outright or keep your existing first mortgage in place.
- Lump-sum funding — for planned, clearly defined uses.
- Assessed on today's value — based on the property's current appraised value and available equity.
Typical exit plan: refinancing with a conventional lender, or repayment from a sale or other defined source.
Complex Income or Declined Elsewhere
Strong assets but a complex profile? It doesn't automatically mean no.
Business owners, investors, newcomers with foreign income, and borrowers with a recent credit event often hold significant assets but don't fit standard income rules for a large loan. We assess each file individually.
- Self-employed and business owners — income that doesn't fit a T4 template.
- Asset-rich borrowers — significant equity or investments behind the file.
- Declined late in the process — files facing a firm closing date.
Typical exit plan: refinancing into a conventional mortgage once the file fits bank criteria.
For Mortgage Brokers: Jumbo Files, Assessed on Their Merits.
BNQ Financial is a broker-first residential lender. Every mortgage we fund comes through a registered mortgage agent — we don't go around you, we work through you. When your client's high-value file doesn't fit a bank's limits, bring us the full deal.
Key Points
- 24–48 hour term sheets on complete files, subject to underwriting
- Committed capital, no syndication required
- Commitment letters — clean commitments that match borrower disclosure requirements
- Submit via Finmo, Velocity, Filogix, Scarlett, or BOSS
- FSRA-compliant documentation on every file
Our Professional Associations
Testimonials
FAQs on Jumbo Mortgages in Toronto
What is a jumbo mortgage in Canada?
A jumbo mortgage is a large loan used to finance a high-value home. Canada has no single official jumbo threshold — the term usually describes loans above a lender's standard limits, or homes priced above the $1.5 million cap for default mortgage insurance. BNQ Financial Corp. (FSRA Licence #13618) offers private jumbo mortgages in Toronto and across Ontario, assessing each deal on the property, the equity, and the exit strategy.
How much down payment do I need for a jumbo mortgage?
Homes priced at $1.5 million or more aren't eligible for default mortgage insurance, so conventional lenders require at least 20% down. Private lenders set loan-to-value limits deal by deal based on the property, its location, and your exit plan. Your agent will confirm what applies to your file.
Why would a bank decline a jumbo mortgage?
Large loans face tighter scrutiny. A bank may decline when income doesn't support the payments under the federal stress test, when income is self-employed or foreign, when the property is unique, or when the loan exceeds the bank's internal limits.
How do I qualify for a private jumbo mortgage?
Private lenders like BNQ Financial focus on the property's value and condition, your equity or down payment, and a clear exit strategy, along with your overall financial picture. Approval is subject to underwriting and appraisal and is not guaranteed.
How much can I borrow with a jumbo mortgage?
Loan amounts are assessed deal by deal based on the property's appraised value, its location and condition, your equity, and your exit plan. There is no one-size-fits-all limit — your agent can review your scenario with our team.
What does a private jumbo mortgage cost?
Private mortgages carry higher interest rates than bank mortgages, plus fees such as lender, brokerage, appraisal, and legal costs. Rates, fees, and terms are set deal by deal and disclosed upfront in your term sheet. Interest accrues over the term, and prepayment terms vary by product, so review your total cost of borrowing with your agent and lawyer.
How fast can I get a jumbo mortgage in Toronto?
BNQ Financial issues term sheets within 24–48 hours of receiving a complete file, subject to underwriting. Closing timelines depend on the appraisal, legal work, and the specifics of your deal.
What happens at the end of the term?
Private jumbo mortgages typically run 1 or 2 years. Before maturity, most borrowers refinance with a conventional lender, renew with BNQ Financial if eligible, or repay through a sale. Refinancing and renewal are not guaranteed, so plan your exit early with your agent.
Do I need a mortgage broker to get a mortgage from BNQ Financial?
Yes. BNQ Financial works only through FSRA-licensed mortgage agents whose brokerage is registered with us. If you don't have one, contact us and we'll connect you with a licensed agent.
Which areas does BNQ Financial serve?
BNQ Financial provides private residential mortgages in Ontario only — including Toronto and the Greater Toronto Area, Hamilton, Ottawa, Niagara, and surrounding communities. Contact our team to confirm whether your property is within our lending area.
BNQ Financial Corp. | FSRA Licence #13618 — a private mortgage lender and licensed Ontario mortgage brokerage. This page is for general information only and does not constitute financial, legal, or tax advice. All mortgages are subject to underwriting, appraisal, and approval; approval is not guaranteed. Rates, fees, and terms are assessed deal by deal, disclosed in your term sheet, and subject to change. Private mortgages cost more than conventional financing: interest accrues over the term, and fees and prepayment penalties may apply. Private mortgages may not be suitable for everyone. Obtain independent legal advice before signing any mortgage agreement. Residential lending available in Ontario only. Applications are submitted through FSRA-licensed mortgage agents.