Neha Joneja is a Mortgage Agent Level 2 in Brampton who arranges home purchase mortgages for first-time buyers, newcomers to Canada, self-employed borrowers, investors and people building a home. She compares banks, credit unions, alternative lenders and private lenders, then explains each option in English, Hindi or Punjabi before you sign anything.
- 4.8 on Google (18 reviews)
- FSRA-licensed brokerage #13812
- English · हिन्दी · ਪੰਜਾਬੀ
- Women-owned
- First-Time Home BuyersDown payment tiers, FHSA and HBP, land transfer tax refund and pre-approval, explained step by step for your first Brampton home.
- Mortgage Pre-ApprovalKnow your real budget before you shop: stress test, debt ratios, rate hold and a lender-reviewed file, explained in plain language.
- Home Purchase MortgagesBuying again in Brampton? Bridge financing, porting, new builds, appraisals and conditions, handled so both closings line up.
- Newcomers to CanadaPR or work permit, thin credit, savings from back home: newcomer mortgages explained by an agent who made the move herself.
- Self-Employed MortgagesTax returns, add-backs or stated income: mortgage options for Brampton business owners, contractors and owner-operators.
- Investment Property MortgagesRental purchases, legal basement suites and growing portfolios, with clear answers on down payment and rental income rules.
- Construction MortgagesDraw mortgages for custom builds and major renovations, plus financing for new homes bought from a builder.
Where should you start when buying in Brampton?
Start with your situation, not the listing. Lenders look first at who is borrowing: how long you’ve been in Canada, how your income is documented, and whether the home is for you or for tenants. Many buyers fit two lanes at once, and one conversation sorts out which rules apply.
How do you choose the right purchase mortgage?
You haven’t started shopping yet
Get a mortgage pre-approval in Brampton first. It shows a realistic price range and flags missing documents early. If you’ve never owned a home, see the first-time home buyer mortgage page: the FHSA, the RRSP Home Buyers’ Plan and Ontario’s land transfer tax refund of up to $4,000 can all apply to one purchase.
You’ve found the home
A home purchase mortgage is about the deal in front of you: the financing condition, appraisal and closing. Budget roughly 1.5% to 4% of the price for closing costs. Brampton has no municipal land transfer tax, only the provincial one.
Your income or status needs explaining
If you arrived recently on permanent residency or a work permit, a newcomer mortgage uses programs where many lenders accept rent receipts or an international credit report instead of Canadian credit history. If you work for yourself, a self-employed mortgage starts with two years of T1 Generals and Notices of Assessment; alternative (B) lenders, which sit outside the big banks and have more flexible income rules, can help when your tax returns understate what you earn.
You’re investing or building
Buying a rental calls for an investment property mortgage, because lenders treat rental income and down payments differently. Building a custom home is a construction mortgage, where funds are released in stages as work is completed.
Minimum down payment examples
| Purchase price | Minimum down payment |
|---|---|
| $500,000 | $25,000 |
| $700,000 | $45,000 |
| $900,000 | $65,000 |
| $1,200,000 | $95,000 |
| $1.5 million or more | 20% (can’t be insured) |
Approval subject to lender criteria (O.A.C.). Rates subject to change. Examples are for illustration only.
Neha Joneja is a Mortgage Agent Level 2 in Brampton, Ontario, with Mortgage Assurance Inc. (FSRA Brokerage #13812), helping first-time buyers, newcomers, self-employed borrowers and homeowners refinancing or consolidating debt, in English, Hindi and Punjabi. If you’d like to talk it through in your own language, see mortgage help in Punjabi and Hindi or book a call.
Frequently asked questions
Should I get pre-approved before I start viewing homes in Brampton?
Yes, in most cases. It shows the price range lenders are likely to support and surfaces document problems early. It isn’t a final approval: the lender still reviews the property and your updated paperwork.
Can I buy a home in Brampton with less than 20% down?
Yes, for homes under $1.5 million. You need 5% on the first $500,000 and 10% on the portion above that, plus mortgage default insurance. Homes priced at $1.5 million or more need at least 20% down.
Can my parents or siblings buy with me?
Often, yes. Lenders can combine family co-buyers’ incomes, but everyone on the mortgage shares the debt and their own debts count too. It can also affect first-time buyer benefits, so decide who goes on title early.
Do you only work with the big banks?
No. A Level 2 licence lets Neha work with major banks, credit unions, alternative (B) lenders and private lenders.
Sources
Last reviewed by Neha Joneja, Mortgage Agent Level 2, November 2026. General information only, not financial advice for your situation.