About Home Deposit Now

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.

Core Services

Home deposit guarantees ($10K - $100K)

Instant online approval system

Multi-offer capability on a single guarantee

Integration with mortgage broker and realtor workflows

Ideal Client Profile (ICP)

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

When to Refer / When to Use

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