Mortgages Newfoundland and Labrador
Mortgages Newfoundland and Labrador - Compare Providers
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| $500 – $35,000 | 9.99% – 34.95% | 6 – 84 months | Learn more | |
| Up to $10,000 | 34.99% | Open-ended | Learn more | |
| Up to $5,000 | 34.37% | Open-ended | Learn more | |
| $500 – $150,000 | 9.99% – 34.95% | 9 - 240 months | Learn more | |
| $500 – $25,000 | 29.99% – 34.99%* | 6 – 60 months | Learn more | |
| Up to $20,000 | 19.8% – 34.99% | Up to 36 months | Learn more | |
| Up to $10,000 | 34.99% | 6 - 60 months | Learn more | |
| $500 – $25,000 | 29.9% or 34.28% | 6 – 84 months | Learn more | |
| $500 – $100,000 | 12.99% – 34.99% | 9 – 60 months | Learn more | |
| $500 – $1000 | Up to 32% | 3 months | Learn more | |
| Up to $1,000 | Up to 35% | Depends on loan amount | Learn more | |
| $1,000 – $35,000 | 8.99% – 34.99% | 36 or 60 months | Learn more | |
| $500 – $5,000 | Up to 32% | 3 – 4 months | Learn more | |
| $500 – $15,000 | 9.9% – 29.9% | 12 – 60 months | Learn more | |
| $1,000 – $1,000,000 | 10.4% | 12 months | Learn more | |
| Up to $35,000 | Starting at 12.99% | Up to 60 months | Learn more | |
| $15,000 | 6.7% | Up to 60 months | Learn more | |
| Up to $25,000 | 24.99% – 29.99% | 30 or 60 months | Learn more | |
| $500 – $50,000 | Varies | 6 – 60 months | Learn more | |
| $300 – $3000 | 18% + fees | 6 months | Learn more | |
| $500 – $100,000 | Starting at 12.99% | Up to 60 months | Learn more | |
| $1,500 – $10,000 | Not listed | 12 – 60 months | Learn more | |
| $500 – $15,000 | 10.99% – 34.99% | 9 – 60 months | Learn more | |
| Up to $1,250 | Up to 32% | 90 – 150 days | Learn more | |
| $500 – $1000 | 23% | 90 – 150 days | Learn more | |
| $300 – $1500 | Starting at 18% | 3 – 7 months | Learn more | |
| $300 – $1,000 | 28% – 35% | 90 days – 16 weeks | Learn more | |
| Up to $5,000 | 19.9% – 35% | 6 – 36 months | Learn more | |
| $250 – $1,500 | 23.99% – 29.99% | 3 – 4 months | Learn more | |
| $500 – $750 | ~23% | 3+ months | Learn more | |
| $1,000 – $15,000 | 19% – 34.95% | 12 – 60 months | Learn more | |
| $300 – $1,000 | Up to 32% | 62 – 160 days | Learn more | |
| Up to $15,000 | Not listed | Not listed | Learn more | |
| $1,000 – $35,000 | 12.99% – 29.99% | 12 – 84 months | Learn more | |
| $500 – $15,000 | Starting at 18.9% | 6 – 60 months | Learn more | |
| $300 – $3,000 | 18% + fees | 6 months | Learn more | |
| $300 – $3,000 | 18% + fees | 6 months | Learn more | |
| $300 – $3,000 | 18% + fees | 6 months | Learn more | |
| $150 – $1,600 | 10 – 35% | 3 – 6 months | Learn more | |
| $10,000; no maximums | From 9.99% | 3 - 60 months | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| Up to $1,500 | $14 per $100 | Up to 60 days | Learn more | |
| up to $1,500 | $14 per $100 | 14 days | Learn more | |
| $100 – $1,500 | $14 per $100 | 14 – 90 days | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| Up to $750 | 0% | Up to 90 days | Learn more | |
| $30 – $250 | 0% | Open-ended | Learn more | |
| Up to $500 | 0% | Open-ended | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| Up to $100,000 | 3.99% - 19.9% | 24 -96 months | Learn more | |
| Min $10,000 | 6.93% – 19.99% | 18 – 96 months | Learn more | |
| $500 – $150,000 | 9.99% – 34.95% | 9 - 240 months | Learn more | |
| Up to $50,000 | Not listed | 6 – 60 months | Learn more | |
| $5,000 – $65,000 | Up to 29.99% | 12 – 96 months | Learn more | |
| $5,000 – $75,000 | Not listed | 12 – 96 months | Learn more | |
| Up to $50,000 | Not listed | Up to 60 months | Learn more | |
| $500 – $50,000 | Varies | 6 – 60 months | Learn more | |
| Not listed | Not listed | 12 – 84 months | Learn more | |
| Not listed | Starting at 4.2% | Not listed | Learn more | |
| Starting $7,500 | Not listed | 12 – 96 months | Learn more | |
| Min $7,500 | Not listed | 12 – 96 months | Learn more | |
| $7,500 + | Not listed | 6 – 96 months | Learn more | |
| Not listed | Not listed | Not listed | Learn more | |
| $5,000 – $45,000 | 4.90 % – 29.95% | Not listed | Learn more | |
| Not listed | Not listed | 24 – 84 months | Learn more | |
| Not listed | Not listed | Not listed | Learn more | |
| Not listed | Starting at 12.9% | Not listed | Learn more | |
| Not listed | Not listed | up to 96 months | Learn more | |
| Up to $1,000,000 | Not listed | Up to 15 years | Learn more | |
| Not listed | Not listed | Not listed | Learn more | |
| Not listed | Not listed | Not listed | Learn more | |
| Not listed | Starting at 10.99% | Not listed | Learn more | |
| Not listed | Not listed | Not listed | Learn more | |
| Not listed | Not listed | Not listed | Learn more | |
| $1,000 – $35,000 | 12.99% – 29.99% | 12 – 84 months | Learn more | |
| Up to $50,000 | Not listed | Up to 96 months | Learn more | |
| Not listed | Not listed | Up to 96 months | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| $10,000 – $500,000 | Starting at 10% | Not listed | Learn more | |
| Min $110,000 | 4.14% – 6.29% | 24– 120 months | Learn more | |
| $5,000 + | 6% – 16% | 12 – 60 months | Learn more | |
| Not listed | From 3.60% | 6 – 60 months | Learn more | |
| $500 – $150,000 | 9.99% – 34.95% | 9 - 240 months | Learn more | |
| Second mortgage: up to $300,000 | 14.99% – 20.25% | 12 – 60 months Amortization up to 25 years (second mortgage) or 30 years (refinancing) | Learn more | |
| $5,000 – $60,000† | 19.99% – 25.99%* | 36 – 120 months | Learn more | |
| Not listed | Not listed | Not listed | Learn more | |
| Not listed | 4.54% – 7.49% | 6 – 120 months | Learn more | |
| Not listed | 4.19% – 6.04% | 12 – 120 months | Learn more | |
| Not listed | 4.49% – 6.63% | 1 – 10 years | Learn more | |
| Up to 55% of home value | Not listed | 12 – 60 months | Learn more | |
| $50,000+ | Not listed | 12 – 120 months | Learn more | |
| $150,000 – $1,500,000 | 2.99% – 5.49% | 6 – 60 months | Learn more | |
| Not listed | Not listed | Not listed | Learn more | |
| Not listed | 4.50% – 5.97% | 12 – 60 months | Learn more |
| Provider | Services | Details |
|---|---|---|
| Learn more | |
| Learn more | |
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| Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| $1,000 – $300,000 | 5.49% – 22.79% | 12 – 120 months | Learn more | |
| $5,000 – $800,000 | Not listed | 6 – 24 months | Learn more | |
| $10,000 – $2,000,000 | 10%+ | Up to 36 months | Learn more | |
| $10,000 – $20,000,000 | Not listed | Not listed | Learn more | |
| Up to 2 million | Not listed | Flexible | Learn more | |
| $10,000 – $300,000 | Not listed | 3 – 24 months | Learn more | |
| $5,000 – $300,000 | 9% – 35% | Varies by product | Learn more | |
| $ 1,000 – $500,000 | 4.96% – 24.93% | 1 – 60 months | Learn more | |
| $15,000 – $1,500,000 | Not listed | 6 – 36 months | Learn more | |
| Up to $40,000 | $0.75 per $1,000 per day | Not listed | Learn more | |
| $500 – $50,000 | Varies | 6 – 60 months | Learn more | |
| Up to $250,000 | Not listed | 3 – 24 months | Learn more | |
| $50,000 – $12,000,000 | Not listed | 24 – 96 months | Learn more | |
| Up to $5,000,000 | Not listed | 24 – 72 months | Learn more | |
| $1,000 – $1,000,000 | 6% – 20% | Not listed | Learn more | |
| $500 – $50,000 | 2.75% – 8.25% | 12 week cycles | Learn more | |
| Up to $250,000 | Not listed | Up to 48 months | Learn more | |
| $10,000 – $1,000,000 | 4% – 14% | 12 – 84 months | Learn more | |
| Starting at $5,000 | Not listed | Up to 84 months | Learn more | |
| Up to $1,000,000 | Not listed | Up to 15 years | Learn more | |
| BP 2,500 – BP 100,000 | Not listed | 6 – 60 months | Learn more | |
| Up to $1,000,000 | Not listed | Not listed | Learn more | |
| $10,000 – $300,000 | Not listed | Not listed | Learn more | |
| Up to $500,000 | Not listed | Up to 15 years | Learn more | |
| Up to $100,000 | Not listed | 5 – 8 years | Learn more | |
| Up to $1,000,000 | Not listed | Up to 15 years | Learn more | |
| Up to $250,000 | Not listed | Not listed | Learn more | |
| Up to $250,000 | Not listed | Up to 10 years | Learn more | |
| Not listed | Not listed | Not listed | Learn more | |
| Not listed | Not listed | Not listed | Learn more | |
| Not listed | Not listed | 24 – 60 months | Learn more | |
| Not listed | Not listed | Not listed | Learn more | |
| Up to $1,000,000 | From 1.2% per month | Not listed | Learn more | |
| Not listed | Not listed | 12 – 60 months | Learn more | |
| $1000 – $250,000 | Not listed | Not listed | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| Up to $25,000 | 24.99% – 34.99% | Not listed | Learn more | |
| Up to $50,000 | Not listed | Not listed | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| Varies | 0% | 6 or 8 weeks | Learn more |
Last updated: October 29, 2026
While the process of moving can be a bit of a hassle in Newfoundland and Labrador, it can also be a very exciting time in your life. While thousands of people move every year in and out of Newfoundland and Labrador, the process of finding and purchasing a house is complex and takes time.
But, the good news is, we can help all those living in Newfoundland and Labrador get approved for the mortgage they need to purchase the home they want.
Looking for a business loan in Newfoundland and Labrador? Take a look at this.
How to Save For a Down Payment in Newfoundland and Labrador?
However, in addition to saving up for the monthly payments, you’ll need to make, you also need to save up for a down payment. If you want to avoid mortgage insurance, you will need to save up a 20% down payment, which can potentially be a lot of money.
Click here to learn more about high ratio mortgages and mortgage default insurance.
So how do you give yourself the best chance at saving up enough for a down payment? Well, there are a lot of things you can do, including:
- Cutting down on unnecessary spending such as subscriptions and memberships that you don’t really need.
- Eliminate your debts as quickly as possible so you have more to save. However, some people in Newfoundland and Labrador prefer to stop paying their debts and put that money toward a down payment, but that is risky as it can hurt your credit.
- Get rid of a second vehicle or downgrade if you are able to.
- Prioritize saving for a down payment over things like entertainment cost, vacations, etc.
- If you have trouble saving, it could be worthwhile to have money automatically go to a savings account to ensure that even when you forget, you are still saving a little bit of money.
To see more ways of getting a down payment for a house in Canada, check this out.
Mortgage Amortization vs. Term
When people in Newfoundland and Labrador are learning about mortgages, it can be quite confusing. One of the most head-scratching things of all is knowing and learning the difference between mortgage amortization vs. mortgage term. Well, let us simplify things for you.
Mortgage Amortization
The amortization period of your mortgage is the total time that it takes to pay off your mortgage. You can choose a wide range of time periods when it comes to amortization, with 25 years being among the most commonly chosen amortization periods. The longer your amortization, the more you will pay overall, but the less than your monthly payments will be.
Mortgage Term
On the other hand, the mortgage term is the actual length of time that you are committed and locked in with a certain lender in Newfoundland and Labrador including the rate and conditions. These can range anywhere from a few months up to 10 years, and 5 years is a common time frame for a mortgage term.
How to Compare Mortgage Offers in Newfoundland and Labrador?
No matter where you live in Newfoundland and Labrador, there is a good chance that you have access to a wide range of lenders who can offer you a variety of different types of mortgages. However, how do you compare one mortgage offer to another? While a lot of people will simply compare the interest rate and choose the lender who offers the lower rate, that isn’t the only thing to consider.
Read this if you’ve been trying to compare lenders in Canada.
There are a variety of other things to compare from one mortgage offer to another, including:
- The term and/or amortization rate
- If they are open to prepayment options or not
- Is the mortgage closed or open?
- Is the rate fixed or variable?
The mortgage that you choose will depend on what you value more. Some will go with a certain offer because it is a fixed rate, open mortgage, while others would prefer a variable rate mortgage with prepayment options. As you can see, there are many different choices you can make when it comes to what kind of mortgage you want in Newfoundland and Labrador.
For information about the types of mortgage payments, you can choose, read this.
Frequently Asked Questions
Where is the best place to get a mortgage?
What are the penalties for paying my mortgage early?
I have bad credit. Can I still qualify for a mortgage?
Finding the Perfect Mortgage For You in Newfoundland and Labrador
Searching for the right mortgage in Newfoundland and Labrador can be a difficult and stressful time. However, by reaching out to Loans Canada, you can rest assured they will do all that they can to help you find the perfect mortgage for you.