What is the FlexDown? It's the No Down Payment Saved Mortgage Solution

6328 104th St NW Floor 2, Edmonton, AB T6H 2K9
The FlexDown Mortgage
Great Rates
No Fees
100% Ownership
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If you have no down payment saved you can still buy a home!

Yes it's possible. If you have good credit you may borrow the minimum 5% down payment. Why wait a few more years, living with the uncertianty of rent, when you can have privacy, security and your own space.

Down Payment How it Works
The Borrowed Down Payment

The down payment loan is an open term. Meaning you can pay off at anytime without penalty. So instead of your home savings going into an account, and waiting years to reach the 5%, you get the home now and simply pay off the loan monthly, as you would have saved

Credit History What's Required
Credit History

Here's the catch. All applicants must have good credit history with an Equifax FICO score of 650 or more.

Employment Income What's Used
Employment Income

Solid Employment income is key. We can use overtime, bonus, maternity income, Child Benefit and more. New postiions, on probation, or variable income is workable as well!

You Move in ASAP

It's a good feeling when you give your Landlord notice that you are no longer paying their rent. Once you are pre-approved, you could be shopping for any MLS listed home (excluding mobile homes) within the week!

You Own the Home

Unlike Rent to Own schemes, which are incredibly risky for the buyer, you are the sole owner on title. And unlike Government Incentives (which requires you to have the 5% downpayment saved already) there is absolutely no equity share. The home is 100% yours.

Fantastic Rates

You get the exact same rate had you saved the down payment. It's true. In fact the rate will be lower than your bank's. You get the same discounted broker rate with all the same great features

Federally Regulated

This mortgage is secure and with a federally regulated insurer, meaning you have peace of mind that your mortgage is in the right hands.

The FlexDown Process
What are the steps?
Step 1: Start with a Quote from us
Send us a Quick Quote and we'll give you a rough idea of what purchase price you may qualify for. With no credit check and no obligation.
Step 2: Set up the Pre-Approval
Next we'll collect a paystub and T4's, along with written permission from you to look up your Equifax FICO score. And then get you an exact maximum home purchase price.
Step 3: Set up the Downpayment
Now that we know your pre-approved amount, we can set up the 5% down payment loan.
Step 4: Search Online Home Listings
Now that you have a maximum pre-approval, your next task is to search Realtor.ca for properties that meet your criteria. Those listings are sent to us, and we book viewings for you. Yes! As an in-house licensed Realtor with Re/Max River City, we help with this too - for free!
Step 5: Make and Offer
Your Pre-Approval is ready, the Down Payment is good to go, and you've found a property and our Realtor has taken you to view it. The final step is to make an offer, complete the mortgage, and get you ready to move.
The Mortgage Rate
And you get a fantastic Rate!


It's true. The Five Year, guaranteed Fixed rate, offered to you will likely be lower than your own bank. You are not penalized for not having the 5% down payment saved, you get the same benefits, the same features, same everything with this mortgage.

5.84% 5 Year Fixed Rate*

*Rate is subject to change without notice. OAC.

Your mortgage Broker
The Flexdown is offered exclusively in your area by:

Over the years, the feedback from my Flexdown clients is overwhelmingly positive. No longer stuck renting for years, my clients come back to me with tens of thousands of dollars in home equity. Equity they would not have had they delayed buying a place of their own.

As your mortgage broker, and Flexdown specialist, I look forward to doing the same for you!

Jason Hilborn

Manager, Residential Mortgages

Jason's Happy Clients

Sam J.

We reached out to Jason when we were purchasing our home and he is honestly the kindest, sincere individual you will ever work with! I wont ever work with another broker and I will ensure that anyone I know uses Jason. Moving and buying a home is such a stressful process and he was just able to give such reassurance during the whole process. He really is so knowledgeable and I would recommend him to anyone! Thanks again for everything :)

Tonni L.

Highly recommend using this company no matter your financial situation especially if you don't have a down payment, or don't have great credit, you'll be surprised at what they can help you with! Honestly, I thought I was years away from being a home owner again and am writing this review on signing day.

I thought this company was a scam haha and thought I'd be stuck renting for several more years. But it's not, Jason was great to work with so don't hesitate to reach out and see how they can help.

Customer service was great, response time was always quick, and he was super accommodating to any communication style (text, email, phone). Thanks Jason, keep up the great work!

Duncan and Tammy H.

We had Jason Hilborn as our mortgage specialist and champion for our home purchase. Jason was very hands on with us from setting up our financing by creating a realistic plan to follow and succeed with all the way through the lengthy waiting time obtaining approval that our home purchase can proceed. His knowledge, willingness to be clear in mentoring us through this purchase was invaluable and in my experience incredibly rare to receive from this profession. His honesty was also appreciated to help ensure we had the best opportunity at getting a home to fit all our needs while also not over extending ourselves to a point where we would be able to enjoy are new home purchase.

We have no reservation in recommending Jason and have passed his name on within our own circle so that they also can benefit from the amazing service, professionalism, and good personality. My profound thanks and appreciation to Jason. He made a very stressful situation bearable and in some cases enjoyable.

Read all of our client reviews at:

The FlexDown Mortgage

The grass is greener when you own the lawn

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