The move restores Home Trust’s presence across the lending landscape, with Accelerator joining its existing product lines, which include Classic for alternative borrowers, EquityAccess for reverse mortgages and Equityline Visa for home equity financing.
Home Trust will exit the prime mortgage space in 2023 after 15 years in the market, shifting its focus to alternative lending.
Accelerator was acquired by Smith Financial Corporation, which also owns Fairstone Bank. Earlier this year, Home Trust and Fairstone Bank completed their merger, creating one of Canada’s largest privately held financial institutions.
“The timing reflects favorable market conditions and reinforces our commitment to serving a broad range of homebuyers and supporting our broker partners with a broader range of lending solutions,” the company said.
The Accelerator Series now includes six programs—Purchase, Conversion/Transfer, Newcomer to Canada, Rental, Stated Income and Vacation/Second Home—offering fixed and adjustable rate options. All insured and insurable mortgages qualify for CMHC, Sagen or Canada Guaranty, giving brokers the flexibility to meet each client’s needs.
Key features include:
- Loan-to-value (LTV) ratios for owner-occupied homes are as high as 95%
- Some high-ratio borrowers can enjoy 30-year amortization
- Transferable and Assumable Mortgages with No Penalties
- Up to 20% annual prepayment discount with 20% additional payments each year
- Flexible interest rate options with interest rates held for 120 days
- Transparent prepayment fees (the greater of IRD or three months’ interest)
- Eligibility for SPIRE Partner Program Compensation
Check back soon for full details and executive commentary on Canadian mortgage trends…
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Accelerator Home Trust New Product Smith Financial
Last modified: November 6, 2025
