Indi Mortgage mortgage review — a broker's perspective
Broker-channel alt-A platform focused on BFS, self-employed, and complex-income files. Tech-forward submission and underwriting model with national broker network access.
- Founded
- Founded 2018
- Headquarters
- Vancouver, BC
- Products
- 3 product types
- Tier
- Alt-A / B-lenders
- Broker licence
- FSRA #13737 broker
Who is Indi Mortgage good for?
Indi Mortgage suits self-employed with 1-2 years of incorporation and bruised credit (500-680 Beacon) with a clear story. It is strongest on: BFS + self-employed, Tech-forward platform, Complex income files, National broker access.
Strong fit for
- Self-employed with 1-2 years of incorporation
- Bruised credit (500-680 Beacon) with a clear story
- Stated-income BFS files A-lenders decline
- Borrowers exiting a power-of-sale or consumer proposal
Probably not the right fit if
- Clean salaried files (better priced at an A-lender)
- Beacons under 500 (usually private territory)
- Files needing 90%+ LTV (alt-A typically caps 75-80%)
Not sure where your file fits? Start a free pre-qualification and we’ll check your fit across 99+ lenders — no credit check to begin.
What kind of lender is Indi Mortgage?
Indi Mortgage sits within the alt-a / b-lenders tier of Canada's mortgage market. For files A-lenders decline: BFS, bruised credit, complex income. Rates typically run about 0.5–1.5 percentage points above A-lender rates. We map the A-lender exit.
Working across 99+ Canadian lenders, our brokerage knows Indi Mortgage's underwriting appetite — what they say yes to, what they push back on, and what file structure gets a clean approval the first time. Indi Mortgage fills the gap between A-lender bank decline and private-mortgage territory — competitive pricing on files that don't fit clean bank boxes.
Indi Mortgage rate context — May 13, 2026
We can't publish lender-specific rates by name (lender confidentiality + daily-changing rate sheets). Here is today's market context for alt-a / b-lenders pricing. Your exact Indi Mortgage rate depends on your file, term and insurance.
What mortgages does Indi Mortgage offer?
Indi Mortgage funds 3 mortgage types. We can access its full broker-channel menu.
- Purchase
- Refinance
- Self-employed
Should you go to Indi Mortgage directly or use a broker?
Indi Mortgage sells only through brokers, so a licensed brokerage like ours is the way in. We’re not employees of Indi Mortgage. We’re an independent FSRA-licensed brokerage that sends your file to Indi Mortgage when it’s the best fit — and to a different lender when it’s not.
Going direct to Indi Mortgage vs. through us
| Aspect | Direct with Indi Mortgage | Through Mortgage Squad Advisors |
|---|---|---|
| Rate sheet | Broker-channel only — no direct retail access | Direct broker-channel access — our day-one cost |
| Lenders shopped | Just Indi Mortgage | 99+ lenders incl. Indi Mortgage |
| If declined | Application ends; reapply elsewhere | Re-route to next-best lender same day |
| Cost to borrower | $0 — bank pays its own staff | Disclosed up front (private/alt files only) |
| Underwriting strategy | Indi Mortgage's lens only | We structure your file to Indi Mortgage's preferences before submission |
| Renewal benchmarking | Indi Mortgage sends a single offer; you accept or counter | We benchmark across 99+ lenders 120 days before renewal |
Same Indi Mortgage loan documents. Different shopping power. Start a pre-qualification to see what your file looks like across 99+ lenders.
How we work with Indi Mortgage
- Discovery
A 5-minute call about your income, credit, down payment, home and timeline. No credit check to start.
- Match
We compare your file with 99+ lenders, not just Indi Mortgage. If Indi Mortgage fits best, we go there.
- Submit
We send a full package to Indi Mortgage's broker desk, set up the way their underwriters like it.
- Funding
Approval, conditions, lawyer, funding. We manage every step.
Other alt-a / b-lenders we shop alongside Indi Mortgage
Same tier, often similar rates. We compare Indi Mortgage with these every time.
Indi Mortgage mortgage broker — major Canadian cities
We place Indi Mortgage files across Canada. Pick your city for local market context.
Don’t see your city? Browse all Canadian markets — we lend nationally.
Indi Mortgage — common questions
Don’t see yours? Ask Maya.
What are Indi Mortgage's current mortgage rates in Canada?
How do I qualify for a mortgage with Indi Mortgage?
Is Indi Mortgage a good mortgage lender?
Can I switch to Indi Mortgage at renewal?
Does Indi Mortgage work with self-employed borrowers?
How long does Indi Mortgage take to approve a mortgage?
What's the difference between Indi Mortgage branch rates and broker rates?
Does Indi Mortgage offer pre-approvals?
What prepayment privileges does Indi Mortgage offer?
What if Indi Mortgage declines my mortgage application?
Pillar guides relevant to Indi Mortgage files
Our most comprehensive first-time-buyer guide. Pre-approval to closing day, the FHSA + RRSP Home Buyers' Plan stack, 30-year insured amortization for first-time buyers, the stress test in plain English, and closing-day costs.
Refinancing isn't always a win. This guide gives you the break-even method we use: penalty + fees vs. monthly savings, with three illustrative scenarios (rate drop, debt consolidation, equity take-out).
Related lenders
Same broker. Different lender appetite.
Browse other lender tiers
Editorial commitment
This page is an editorial profile written from our brokerage’s perspective. We are not employed by Indi Mortgage and receive no payment from Indi Mortgage for this content. We compensate-disclose: on A-lender files the lender pays our brokerage compensation, and we earn the same regardless of which A-lender funds your file — so our recommendations are rate-agnostic. Rates and program details are reviewed quarterly; last reviewed May 13, 2026.
Get the best-fit lender for your file.
A 5-minute pre-qualification. No credit check to begin. We compare 99+ lenders — including Indi Mortgage — and recommend the right one.
Questions first? Chat with Maya, our AI assistant, or call us.