Home Deposits Now (also known as Deposit Rocket) provides insurance-backed deposit guarantees for Canadian homebuyers. Instead of providing a cash deposit when making an offer on a home, buyers use a guarantee, which is a promise to pay the deposit at closing.
The product was founded by Don Miller in 2019 to solve a common problem: buyers whose equity is tied up in an existing home and cannot access cash quickly enough for a competitive deposit on a new purchase.
Guarantees range from $10,000 to $100,000 with terms up to 9 months. No loans, no credit checks, no interest charges. Approval requires proof of sufficient home equity or liquid investments (typically 1.5x the guarantee amount). The online application provides instant approvals, and the guarantee is emailed to the buyer and their realtor.
Buyers can make multiple offers on multiple properties using a single guarantee at no additional cost. Fees start at less than 1% of the deposit amount. The product is operated by Deposit Rocket Inc., a licensed brokerage operated by Ai Insurance Organization Inc.
Home deposit guarantees ($10K - $100K)
Instant online approval system
Multi-offer capability on a single guarantee
Integration with mortgage broker and realtor workflows
Homebuyers with equity tied up in an existing property
First-time buyers with liquid investments (or parents as guarantors)
Mortgage brokers looking for deal-saving solutions
Realtors who need to move fast on offers
Buyer is short on accessible cash for the deposit
Deal at risk because deposit funds are tied up in existing home equity
Realtor needs to save a transaction with a time-sensitive offer
Mortgage approval exists but the deposit is the blocker
Buyer wants to make a larger, more competitive offer without releasing funds early
Backed by an A-rated Canadian insurance company (Northbridge)
No loans, no credit checks, no interest
Instant online approvals with guarantees emailed same day
Multi-offer capability at no extra cost
Fees start below 1% of deposit amount
Insurance premium margin (one-time fee based on guarantee amount and term)
Transaction-based fees
Partner revenue share (mortgage brokers, realtors)
Guarantees from $10,000 to $100,000
Terms up to 9 months
Instant online approval for qualifying applicants
Backed by Northbridge General Insurance Corporation
Leadership