A-lender monolines

RFA Mortgage Corporation mortgage review — a broker's perspective

Strong broker-channel monoline with competitive insured + insurable rates. RFA Capital (the parent) also runs alt-A and private-debt arms, giving them a multi-tier product set under one corporate umbrella.

Founded: Founded 1969
Headquarters: Toronto, ON
Products: 5 product types
Tier: A-lender monolines
Broker licence: FSRA #13737 broker

Start Pre-Approval See live rates 4.9 ★★★★★ Google RFA Mortgage Corporation website

Reviewed by Mortgage Squad Advisors Editorial Team · Licensed Mortgage Advisors · Reviewed by the Principal Broker

FSRA Brokerage #13737 · 15+ years · Last reviewed May 13, 2026

Where RFA Mortgage Corporation stands out

Who is RFA Mortgage Corporation good for?

RFA Mortgage Corporation suits rate-sensitive borrowers wanting 10-25 bps below Big-6 and insured first-time buyer files with full doc. It is strongest on: Prime A-lender pricing, Specialty BFS + alt-A access, RFA Capital private debt, Investor-friendly underwriting.

Strong fit for

Rate-sensitive borrowers wanting 10-25 bps below Big-6
Insured first-time buyer files with full doc
Insurable transfers from a Big-6 at renewal
Borrowers comfortable with broker-only access (no branch)

Probably not the right fit if

Borrowers who require in-branch service
Files with non-standard income (most monolines stick to clean files)
Newcomers without 3+ months Canadian credit history
Complex refinances needing in-person review

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.

Overview

What kind of lender is RFA Mortgage Corporation?

RFA Mortgage Corporation sits within the a-lender monolines tier of Canada's mortgage market. Broker-channel non-bank funders. Typically 10-25 bps below the Big-6 on insured + insurable purchases.

Working across 99+ Canadian lenders, our brokerage knows RFA Mortgage Corporation's underwriting appetite — what they say yes to, what they push back on, and what file structure gets a clean approval the first time. RFA Mortgage Corporation is broker-channel only, meaning the only way to access their rate sheet is through a licensed mortgage brokerage like ours.

Live · updated Oct 24, 2026

How does RFA Mortgage Corporation price its mortgages today?

These are RFA Mortgage Corporation's lowest current rates across 100 broker-channel products in our live feed. Your exact rate depends on your file, term, down payment and insurance.

5-yr fixed

4.44%

5-yr variable

3.70%

3-yr fixed

4.49%

1-yr fixed

5.34%

RFA Mortgage Corporation rates by term Get your exact rate

Product menu

What mortgages does RFA Mortgage Corporation offer?

RFA Mortgage Corporation funds 5 mortgage types. We can access its full broker-channel menu.

Purchase
Renewal
Refinance
Self-employed
Investment

First-time buyer Renewal Refinance Self-employed Investment property

Bank direct vs broker channel

Should you go to RFA Mortgage Corporation directly or use a broker?

RFA Mortgage Corporation sells only through brokers, so a licensed brokerage like ours is the way in. We’re not employees of RFA Mortgage Corporation. We’re an independent FSRA-licensed brokerage that sends your file to RFA Mortgage Corporation when it’s the best fit — and to a different lender when it’s not.

Going direct to RFA Mortgage Corporation vs. through us

Aspect	Direct with RFA Mortgage Corporation	Through Mortgage Squad Advisors
Rate sheet	Broker-channel only — no direct retail access	Direct broker-channel access — our day-one cost
Lenders shopped	Just RFA Mortgage Corporation	99+ lenders incl. RFA Mortgage Corporation
If declined	Application ends; reapply elsewhere	Re-route to next-best lender same day
Cost to borrower	$0 — bank pays its own staff	$0 — lender pays our compensation
Underwriting strategy	RFA Mortgage Corporation's lens only	We structure your file to RFA Mortgage Corporation's preferences before submission
Renewal benchmarking	RFA Mortgage Corporation sends a single offer; you accept or counter	We benchmark across 99+ lenders 120 days before renewal

Same RFA Mortgage Corporation loan documents. Different shopping power. Start a pre-qualification to see what your file looks like across 99+ lenders.

How we work with RFA Mortgage Corporation

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 RFA Mortgage Corporation. If RFA Mortgage Corporation fits best, we go there.
Submit
We send a full package to RFA Mortgage Corporation's broker desk, set up the way their underwriters like it.
Funding
Approval, conditions, lawyer, funding. We manage every step.

Alternatives

Other a-lender monolines we shop alongside RFA Mortgage Corporation

Same tier, often similar rates. We compare RFA Mortgage Corporation with these every time.

Merix Financial

30-yr amort on uninsured

CMLS Financial

CMHC MLI Select multifamily

Strive Capital

Insured A-lender pricing

Manulife Bank

Manulife One all-in-one

Marathon Mortgage Corp

Insurable transfers

Radius Financial

Insured A-lender

By city

RFA Mortgage Corporation mortgage broker — major Canadian cities

We place RFA Mortgage Corporation files across Canada. Pick your city for local market context.

Toronto Vaughan Mississauga Brampton Markham Oakville Richmond Hill Burlington

Don’t see your city? Browse all Canadian markets — we lend nationally.

FAQ

RFA Mortgage Corporation — common questions

Don’t see yours? Ask Maya.

What are RFA Mortgage Corporation's current mortgage rates in Canada?

RFA Mortgage Corporation's rates change daily and are channel-specific — branch rates differ from broker-channel rates. As a brokerage we access RFA Mortgage Corporation's broker-channel sheet, typically 15-30 bps below their walk-in rate. Our live rate board (last reviewed May 13, 2026) shows current best-in-network across 99+ lenders. See our live rate board.

How do I qualify for a mortgage with RFA Mortgage Corporation?

Standard Canadian qualifying: 5%+ down (under 20% requires CMHC/Sagen/Canada Guaranty default insurance), OSFI B-20 stress test at the higher of contract rate + 2% or 5.25%, GDS ≤ 39% and TDS ≤ 44%. RFA Mortgage Corporation's underwriting has specific preferences we know from working with them — we'll tell you whether your file is a strong fit before submitting.

Is RFA Mortgage Corporation a good mortgage lender?

RFA Mortgage Corporation is genuinely strong on: Prime A-lender pricing, Specialty BFS + alt-A access, RFA Capital private debt. As your broker we evaluate RFA Mortgage Corporation against 99+ other Canadian lenders for your specific file — sometimes they're the best fit, sometimes a different lender is. The honest answer depends on your file profile, not the lender's marketing.

Can I switch to RFA Mortgage Corporation at renewal?

Yes, if your file qualifies. A transfer-in at renewal typically costs you $0 — RFA Mortgage Corporation covers the discharge fee from your old lender and the appraisal as a transfer incentive. We benchmark RFA Mortgage Corporation's offer against your existing lender's renewal rate and the broader market 6 months before renewal so the switch (or stay) is timed properly.

Does RFA Mortgage Corporation work with self-employed borrowers?

Yes — RFA Mortgage Corporation has specific BFS / self-employed programs we route those files to. See our self-employed mortgages.

How long does RFA Mortgage Corporation take to approve a mortgage?

RFA Mortgage Corporation's commitment turnaround on a clean broker-channel file is typically 24-72 hours from submission. Complex files (BFS, foreign income, atypical down payment) can take 5-10 business days. Conditional approval to funding is usually 14-30 days depending on appraisal, lawyer, and conditions.

What's the difference between RFA Mortgage Corporation branch rates and broker rates?

RFA Mortgage Corporation is broker-channel only — they do not sell mortgages direct to the public, so there is no retail rate to compare against. Their entire pricing comes through licensed brokers.

Does RFA Mortgage Corporation offer pre-approvals?

Yes — RFA Mortgage Corporation, like all major Canadian lenders, offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to RFA Mortgage Corporation for a real underwritten pre-approval, not just a soft rate-hold. This means if rates rise you're locked, and if they fall most lenders honour the lower rate. Start your pre-approval here.

What prepayment privileges does RFA Mortgage Corporation offer?

Most major Canadian lenders including RFA Mortgage Corporation offer 15-20% annual lump-sum prepayment plus 15-20% payment-increase privileges per anniversary year. The exact privilege depends on the specific product family (insured/insurable/conventional) and term selected. We disclose the privileges and IRD calculation method up front so you know your exit cost before you sign.

What if RFA Mortgage Corporation declines my mortgage application?

As a broker we don't single-submit — if RFA Mortgage Corporation declines, we have 98+ other lender options across A-tier, alt-A, MIC, and private. We'll diagnose the decline reason (credit, income, LTV, property type, beacon), fix what's fixable, and re-strategize. A bank decline ends your bank application; with us, it's one route taken off the map and we pivot.

Pillar guides relevant to RFA Mortgage Corporation files

The First-Time Buyer Roadmap

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.

The Renewal Playbook

Your bank's first renewal offer is an opening bid. This playbook covers the 21-day federal notice rule, the lender early-renewal window (often up to 120 days), and how to compare your bank's offer against the market instead of auto-renewing.

The Refinance Decision Framework

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).

Building a Real Estate Portfolio in Canada

The mortgage-side guide for Canadian real estate investors. Rental income offset vs. add-back, CMHC MLI Select, BRRRR-friendly lenders, portfolio limits, DSCR-style products, and how to keep your file qualifying as you scale.

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Same broker. Different lender appetite.

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Editorial commitment

This page is an editorial profile written from our brokerage’s perspective. We are not employed by RFA Mortgage Corporation and receive no payment from RFA Mortgage Corporation 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.

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