Private Mortgages Course

Level 2 Mortgage Agent Licensing

The Private Mortgages Course is an education requirement that mortgage agents must complete in order to upgrade their license to level 2 and be able to deal and trade in mortgages provided by lenders other than financial institutions and CMHC approved lenders under the National Housing Act, such as:

• mortgage investment companies (MICs)
• syndicates
• private individuals
• agents, brokers, and brokerages
  
  

Below is a list of eligibility requirements for licensing:

• Be 18 years of age or older.
• Be a resident of Canada. 
• Have an Ontario mailing address that can receive registered mail (not a post office box).
• Have a valid email address.
• Be authorized by a mortgage brokerage to deal in mortgages.
• Have already been licensed as a mortgage agent level 1 for at least 12 months over the last 24 months.
• Have successfully completed an approved mortgage agent education program for a Mortgage Agent Level 1 licence. For more information, review the mortgage agent level 1 licence requirements.
• Have successfully completed an approved education program for a Mortgage Agent Level 2 licence (Private Mortgage Course) within two years before you apply for the mortgage agent level 2 licence.
• Be suitable for a licence.

For more details on licensing requirements, please visit  FSRA's website.