×

Review Keywords Analysis

  1. Canada
  2. Best Mortgage Brokers
  3. Mortgage Brokers in British Columbia
  4. Kelowna
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator Kelowna, BC

How much house can you afford in Kelowna? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · 2026 stress test and CMHC rules

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax and rules are for this province.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Kelowna

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Rampone-Marsh Mortgages

Rampone-Marsh Mortgages specializes in handling complex mortgage situations, including multi-property financing and simultaneous closings. Their team offers clear communication and responsive support throughout the mortgage process, helping first-time and experienced borrowers alike. Customers appreciate their thoroughness and ability to secure competitive rates.

Services & Prices
Home Mortgage Free Consultation
Refinancing Free Consultation
Commercial Mortgage Free Consultation
View Profile
(250) 801-8834
Open 9:00 AM - 9:00 PM
1290 St Paul St #316, Kelowna, BC V1Y 2C9, Canada
General Services
Mortgage Services
2

The Mortgage Centre - B.C. Direct Mortgages

With over 20 years of experience, BC Direct Mortgages offers a family-run approach that combines expert guidance with a focus on client education. Their team helps with purchases, refinances, and renewals, often assisting first-time buyers and self-employed clients. Customers appreciate their thorough communication and willingness to go beyond typical hours.

View Profile
(250) 762-2070
Open 9:00 AM - 9:00 PM
1631 Dickson Ave Ste 1159, Kelowna, BC V1Y 7W6, Canada
3

Jewels Ferris Mortgages - Kelowna Mortgage Broker

Jewels Ferris Mortgages specializes in tailored home financing solutions for individuals, families, first-time buyers, and investors, backed by deep local market knowledge. The team offers services like mortgage purchases, renewals, refinancing, and investment property mortgages, with clear communication and ongoing support throughout the process. Customers appreciate their responsiveness and… more...

Jewels Ferris Mortgages specializes in tailored home financing solutions for individuals, families, first-time buyers, and investors, backed by deep local market knowledge. The team offers services like mortgage purchases, renewals, refinancing, and investment property mortgages, with clear communication and ongoing support throughout the process. Customers appreciate their responsiveness and straightforward guidance.

Services & Prices
First Time Home Buyer Assistance Free Consultation
Mortgage Renewal Free Consultation
Equity Financing Free Consultation
View Profile
(778) 821-2873
Closed Now
1505 Harvey Ave #200, Kelowna, BC V1Y 6G1, Canada
General Services
Mortgage Services
4

Ric Lazare - Mortgage Broker Kelowna

Known for responsive communication and patient guidance, Ric Lazare helps clients navigate mortgage renewals, first-time homebuying, and multi-unit property financing. The team offers clear explanations and support throughout the process, with customers appreciating their availability and thoroughness even in complex situations. Some note occasional delays in responses, but overall service is… more...

Known for responsive communication and patient guidance, Ric Lazare helps clients navigate mortgage renewals, first-time homebuying, and multi-unit property financing. The team offers clear explanations and support throughout the process, with customers appreciating their availability and thoroughness even in complex situations. Some note occasional delays in responses, but overall service is described as helpful and reassuring.

Services & Prices
Mortgage Renewal Free Consultation
First-Time Homebuyer Assistance Free Consultation
Multi-Unit Property Financing Free Consultation
View Profile
(250) 317-3882
Closed Now
1180 Sunset Dr #201, Kelowna, BC V1Y 9W6, Canada
General Services
Mortgage Services
5

Mortgage Okanagan

Specializing in mortgages for first-time buyers, self-employed individuals, and those with unique financial situations, Mortgage Okanagan offers personalized guidance through a wide range of lending options. The team is known for clear communication and responsiveness, helping clients navigate refinancing, private mortgages, and renewals with confidence.

Services & Prices
Refinancing Assistance Free Consultation
Mortgage Rate Comparison Free Consultation
View Profile
(250) 826-3111
Closed Now
1425 Ellis St, Kelowna, BC V1Y 2A3, Canada
General Services
Mortgage Brokerage
Where they are 10 on the map Click a pin for the profile and directions
6

Creative Mortgage - Shaun Pierce

Creative Mortgage focuses exclusively on serving borrowers, not lenders, drawing on more than 20 years of industry experience. The team assists with a variety of mortgage needs, including first-time purchases, refinancing, vacation homes, and reverse mortgages. Clients appreciate their responsive communication and knowledgeable guidance throughout the process.

View Profile
(250) 717-8949
Closed Now
1505 Harvey Ave #200, Kelowna, BC V1Y 6G1, Canada
7

The Steve Dyment Mortgage Team - Your Kelowna Mortgage Broker

With over 17 years of experience, The Steve Dyment Mortgage Team specializes in strategic mortgage planning that helps clients use home equity to build wealth. They assist with mortgage restructuring, debt consolidation, and first-time homebuyer guidance, offering clear communication and personalized support throughout the process. Customers appreciate their thorough advice and reliable… more...

With over 17 years of experience, The Steve Dyment Mortgage Team specializes in strategic mortgage planning that helps clients use home equity to build wealth. They assist with mortgage restructuring, debt consolidation, and first-time homebuyer guidance, offering clear communication and personalized support throughout the process. Customers appreciate their thorough advice and reliable responsiveness.

Services & Prices
Purchase Mortgages Free Consultation
Refinancing Free Consultation
Pre-Approval Free Consultation
View Profile
(250) 470-9154
Closed Now
1631 Dickson Ave 11th floor, Kelowna, BC V1Y 9X1, Canada
General Services
Mortgage Services
8

Kelowna Mortgage Broker | Kyle Wilson

Known for a straightforward approach and clear communication, Kelowna Mortgage Broker | Kyle Wilson helps clients navigate mortgage options with confidence. The team offers personalized guidance through the lending process, making it easier for first-time buyers and experienced homeowners alike. Customers appreciate their friendly, knowledgeable service, though some note the process can require… more...

Known for a straightforward approach and clear communication, Kelowna Mortgage Broker | Kyle Wilson helps clients navigate mortgage options with confidence. The team offers personalized guidance through the lending process, making it easier for first-time buyers and experienced homeowners alike. Customers appreciate their friendly, knowledgeable service, though some note the process can require patience.

View Profile
(250) 869-7880
Open 8:00 AM - 8:00 PM
1915 Foxtail Terrace, Kelowna, BC V1P 1T9, Canada
9

Michelle Scheibel Mortgage Broker Kelowna

Michelle Scheibel Mortgage Broker Kelowna specializes in helping clients secure mortgages quickly and with clear communication. The team assists with home purchases and refinancing, guiding customers through each step to reduce stress. Clients appreciate their responsiveness and professionalism throughout the process.

Services & Prices
Mortgage Refinance Assistance Free Consultation
View Profile
(250) 317-4723
Closed Now
1290 St Paul St #316, Kelowna, BC V1Y 2C9, Canada
General Services
Mortgage Services
10

Huber Mortgage

Huber Mortgage offers a client-focused approach backed by 12 years of lending experience and a promise to process applications within 48 hours. They handle a wide range of mortgage needs, from first-time buyers to investors and self-employed clients, providing clear guidance and access to top lenders. Customers appreciate the smooth communication and personalized support throughout the process.

Services & Prices
Residential Mortgages Free Consultation
Commercial Mortgages Free Consultation
Refinancing Free Consultation
Comparative Rate Analysis Free Consultation
View Profile
(250) 212-7954
Closed Now
554 Leon Ave #101, Kelowna, BC V1Y 6J6, Canada
General Services
Mortgage Services
Kelowna Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Rampone-Marsh Mortgages 5.0 546 Free Consultation (250) 801-8834 Visit
2 The Mortgage Centre - B.C. Direct Mortgages 5.0 197 — (250) 762-2070 Visit
3 Jewels Ferris Mortgages - Kelowna Mortgage Broker 5.0 191 Free Consultation (778) 821-2873 Visit
4 Ric Lazare - Mortgage Broker Kelowna 5.0 147 Free Consultation (250) 317-3882 Visit
5 Mortgage Okanagan 5.0 131 Free Consultation (250) 826-3111 Visit
6 Creative Mortgage - Shaun Pierce 5.0 130 — (250) 717-8949 Visit
7 The Steve Dyment Mortgage Team - Your Kelowna Mortgage Broker 5.0 121 Free Consultation (250) 470-9154 Visit
8 Kelowna Mortgage Broker | Kyle Wilson 5.0 100 — (250) 869-7880 Visit
9 Michelle Scheibel Mortgage Broker Kelowna 4.9 75 Free Consultation (250) 317-4723 Visit
10 Huber Mortgage 5.0 50 Free Consultation (250) 212-7954 Visit

How this Kelowna mortgage affordability calculator works

Lenders approve a mortgage when two ratios stay under their limits. Housing costs (mortgage payment, property tax and heating) must be no more than 39% of your gross income, and housing costs plus your other debt payments no more than 44%. The payment is tested at the qualifying rate, not your actual rate. The calculator finds the highest home price that passes both tests and the minimum down payment rules, and adds CMHC insurance to the loan when you put down less than 20%.

British Columbia rules and numbers this calculator uses

Stress test
You must qualify at the higher of your rate plus 2% or 5.25% (OSFI and federal insured-mortgage rules).
Debt limits
Housing costs up to 39% of gross income (GDS) and all debts up to 44% (TDS), the CMHC maximums. CMHC also needs a credit score of at least 600.
Minimum down payment
5% of the first $500,000 and 10% of the part above it. Homes priced at $1.5 million or more need 20% down and cannot be insured.
Mortgage insurance
Under 20% down, a CMHC premium is added to the loan: 2.80% of the loan at 15–19.99% down, 3.10% at 10–14.99% and 4.00% at 5–9.99%, plus 0.20% for a 30-year amortization.
Amortization
First-time buyers and buyers of new builds can take 30 years on an insured mortgage; others are tested at 25 years.
Property tax
About 0.31% of the home's value a year (British Columbia average, 2025), plus $100 a month for heating.
Rate
Starts at 4.49% (a typical 5-year fixed, October 2026). Change it to the rate you have been offered.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: CMHC homeowner mortgage loan insurance requirements and premiums, Finance Canada mortgage reforms effective December 15, 2024, OSFI minimum qualifying rate, 2025 municipal residential tax rates.

Frequently asked questions

9 questions
How does the Kelowna mortgage affordability calculator work?
It estimates the highest home price you can afford based on income, debts, down payment, and interest rate, considering CMHC insurance and property tax.
What is the mortgage stress test in British Columbia?
You must qualify at the higher of your contract rate plus 2% or 5.25% to pass the stress test.
What are GDS and TDS ratios?
GDS is housing costs up to 39% of gross income; TDS includes all debts up to 44%, both at the qualifying rate.
How does debt affect my mortgage qualification?
Higher monthly debt payments reduce the mortgage amount you can qualify for, affecting your TDS ratio.
Can first-time buyers in Kelowna get a 30-year mortgage?
Yes, first-time buyers and buyers of newly built homes can get a 30-year amortization on an insured mortgage.
What is the property tax rate in British Columbia?
Property tax is about 0.31% of the home's value annually in British Columbia.
What is the difference between pre-approval and pre-qualification?
Pre-approval confirms your borrowing capacity with verified financials; pre-qualification is an initial estimate without verification.
How much house can I afford with a $100k salary in Kelowna?
Use the calculator to input your salary, debts, and down payment to estimate affordability, considering GDS and TDS limits.
What does a mortgage broker do in Kelowna?
A mortgage broker helps you find and negotiate mortgage terms with lenders, based on your financial situation.

General information, not financial advice — consult a qualified professional.