Butler Mortgage Review 2026
Butler Mortgage: Our quick take
Butler Mortgage is a national mortgage brokerage that consistently advertises some of the lowest mortgage rates we see. Butler's low rates are often the product of "buying down" rates, or taking a smaller commission from lenders.
Who is Butler Mortgage best for?
Butler Mortgage is known for its low rates, which makes the brokerage a strong choice for highly rate-sensitive home buyers.
Butler works with many mortgage lenders and has access to a wide variety of mortgage products, which can be beneficial if you're in need of specialized lending products.
Who's eligible for a mortgage with Butler Mortgage?
Butler Mortgage works with many different lenders. Eligibility varies from lender to lender.
Butler has relationships with several alternative lenders, who have more lenient credit score and debt service ratio guidelines, making it easier to qualify for a mortgage with them. You might only need a credit score of 500 to qualify for a mortgage with one of Butler's alternative lender partners.
If you apply for a mortgage with one of Butler's mainstream lender partners, the qualification guidelines are typically:
Minimum credit score: 680.
Down payment amount: At least 5% for a home under $500,000. For homes between $500,000 and $1,499,999, you need 5% of the first $500,000 and 10% of the amount above $500,000. For a home that costs $1.5 million or more, you’ll need 20% of the purchase price.
Debt service ratios: Your gross debt service ratio should not exceed 39%; your total debt service ratio should not exceed 44%.
What types of mortgages does Butler Mortgage offer?
Butler Mortgage advertises a long list of mortgage types on its website, including:
Fixed-rate mortgages.
Variable-rate mortgages.
Mortgage renewals.
Mortgage transfers.
A home equity line of credit.
Mortgage refinances.
Construction mortgages.
Purchase plus improvement.
Mortgages for newcomers to Canada.
Investment properties and second homes.
Mortgages for self-employed individuals.
Cash-back mortgages.
Open and closed mortgages.
Mortgages for those with low credit scores.
Best mortgage rates in Canada
Compare offers from Canada’s top mortgage lenders and brokers.
Review of Butler Mortgage mortgage features
NerdWallet Canada's editorial team sifted through dozens of lender websites looking for features borrowers are interested in. Then, we summarized how each lender compares to its competitors using the labels "limited," "standard" or "excellent."
To see the details that led to each summary, expand the box below each entry.
Advertised rates
EXCELLENT
Butler Mortgage advertises 11 term lengths online, which is more than other mortgage brokerages we've seen, and the rates are also among the lowest.
Butler Mortgage works with at least 20 different lenders, so if you don't see a rate for the mortgage product you're after, there's a good chance it's available. You'll just need to contact Butler to learn more.
Area served
EXCELLENT
Butler Mortgage states on its website "we provide mortgages anywhere in Canada and can easily and conveniently complete the entire process over the phone." The company also has offices in Ontario, BC and Alberta.
What it’s like to apply at Butler Mortgage
You can start the application process with Butler Mortgage by clicking the “Apply Now” button near the top of the brokerage’s home page.
After you fill out a simplified application form, which won’t take more than a minute or two, you’ll be contacted by someone at Butler Mortgage to discuss your mortgage options.
About NerdWallet mortgage reviews
When the NerdWallet Canada editorial team reviews a mortgage lender, we look for the options it offers customers, transparency in advertising, ease of application and flexibility it offers mortgage-holders.
Of course, a mortgage is a highly personalized product. The offer you receive depends on the details of your financial situation. A lender may have a less-than-transparent website but offer you a great rate.
Use this review to familiarize yourself with this mortgage lender. To get the best mortgage rate, work with a mortgage broker or negotiate directly with multiple lenders.
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Clay Jarvis
Clay Jarvis
Clay Jarvis