Mortgages in Regina
Compare lenders, rates, and eligibility for mortgages available to Regina residents.
About Mortgages in Regina
Long-term secured loan to finance the purchase of a home, with the property as collateral. Subject to CMHC insurance if down payment is under 20%.
Best for: Home buyers with a 5%+ down payment who can pass the federal stress test (qualifying rate currently around 5.25%).
Local insight: Regina's Crown corporation employment base (SaskTel, SaskPower, SGI) supports stable lending with strong income verification.
With a population of 230,000 and an average household income of $73,000, Regina's lending market is supported by major employers including Government of Saskatchewan, SaskTel, Mosaic Company. Lenders use stable employment with these institutions as a positive signal during loan underwriting.
Top Lenders Serving Regina
No lenders are currently listed for SK. Browse all lenders →
Calculators for Regina Borrowers
Frequently Asked Questions
What credit score do I need for a mortgage in Regina?
Most Regina lenders require a minimum credit score of 600 for prime mortgages (rates from 4.49%). Borrowers with scores under 600 can still qualify through alternative lenders, typically at higher APRs up to 6.99%.
How much can I borrow with a mortgage in Regina?
Mortgage amounts in Regina typically range from $200,000 – $1,500,000. Final approval depends on your income, debt-to-income ratio, and credit history. The provincial maximum for personal loans in Saskatchewan is $50,000.
Are mortgages regulated in Saskatchewan?
Yes — lenders operating in Saskatchewan are regulated by Financial and Consumer Affairs Authority (FCAA). The provincial usury cap is 60% effective annual rate, meaning no licensed lender can charge an effective annual rate above this threshold.
How fast can I get a mortgage in Regina?
Most online lenders serving Regina approve applications within 1–2 business hours and fund within 24–48 hours via Interac e-Transfer or direct deposit. Bank-issued loans typically take 2–5 business days.