Derek Sparrow

Working with Derek Sparrow and the Innovative Team

Once an Innovative client, always an Innovative client. We built our team and our process in such a way so that we could offer you the very best service not only during your financing process, but through the entire lifetime of your mortgage.


Our BROKER TEAM welcomes you to our business. We will meet with you to discuss what you’re looking for and help you collect the documentation you’ll need throughout the process. This helps ensure everything goes as smoothly as possible once you’ve found a home and need to secure financing.


Our UNDERWRITING TEAM has a deep understanding of our lender requirements, and knows exactly how to assemble your application to secure the right mortgage for you. They work closely with our sales team, your lender, and other applicable industry members to make sure all the conditions of your mortgage approval are met.


Our CLIENT CARE TEAM is all about providing value once your mortgage closes. Questions about your mortgage or looking to make a change to your mortgage details? Client care is here to provide answers and help guide you through those changes. They are also always working diligently in the background to find additional opportunities to help you reach your goals.

Our Process

Meet your Broker Team

We will have an initial discussion to help me and my team gain an understanding of what you’re looking for. I'll also take some time to introduce you to my assistant that will help us navigate the process as seamlessly as possible.
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Step 1


Whether you're looking for a pre-approval or you've found a home and want to apply for a mortgage, step two involves collection all of the documents and information we need to move forward.
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Step 2


Our underwriting team is trained extensively on the requirements for each of the lenders we do business with. They understand how to best structure your application and which lender(s) to submit it to based on what type of mortgage product works best for you.
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Step 3

Conditional Approval

Once we submit your application to a lender, they will review your documentation and application details. If the application package meets their requirements, you’ll receive a conditional approval.
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Step 4

All Conditions Satisfied

Congratulations! Once we’ve met the conditions outlined in your approval, your mortgage is ready to be finalized by your lawyer. They will book an appointment with you to sign the final documents and transfer the title of property to your name.
Step 5
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Current Rates as of: December 1, 2023

*Please note that rates are subject to change and are on approved credit*

Mortgage TermMortgage Rate
1 Year6.84%
2 Year6.29%
3 Year5.79%
4 Year5.64%
5 Year5.39%
7 Year6.05%
10 Year6.44%

The team at Innovative went above and beyond to get me a great first home. Derek Sparrow and Anthony helped me along every step of the way. Would highly recommend to anyone!

Cody Nichols

Easy to renew our mortgage with Derek and Anthony. They were quick to respond and fast to work with.


Derek and Anthony were very helpful with my wife and I purchasing our first home. They made the process much easier to navigate and got us a great rate on our mortgage.

Jared Salte

I had Innovative recommended to me, and I would recommend them to anyone as well. Even though we made an offer during a career change, Derek and Anthony were still able to get us a wicked rate and make the deal happen. They were always quick to respond and willing to give us lots of advice as first time homebuyers.

Matthew Darbyshire

Working with Derek was great. He found amazing rates for my new home and rental, always had time for my questions, was friendly, professional, and informative. Would highly recommend his services

Carolina Ventura

I went through Derek Sparrow and his team at Innovative Mortgage Solutions when purchasing my first home. The experience was very smooth and streamlined and made my biggest purchase super easy! For someone like me who works casually, I don't always have a set income I can guarantee every month so this BIG purchase was a scary one for me. I put my complete trust in Derek and he found me an amazing deal at an even more amazing rate! His team was very helpful and I would like to highlight Donna going above and beyond in helping me scan and print documents the minute I called her(which was super last minute) (did not have a scanner or printer at home at the time). Being swamped at work and stressed about this big purchase, they dealt with my stressful moments professionally and with comfort. I would recommend this team to anyone looking into purchasing a property. Thank you for everything!

Natalie Khiev

I would highly recommend Derek at innovative mortgage. He worked hard to find me great mortgage with a fantastic interest rate. He and his team really went above and beyond answering all my questions and not giving up on finding me a mortgage. Definitely 5 star service!

Lisa Prins

Innovative Mortgage Solution is an amazing company. My mortgage broker was there for me all the way and supported us through the whole experience of acquiring a new mortgage. I highly recommend them!!! They will find you the best mortgage available! Thank you Derek and team!!! You guys are the best!!!

Myriam Orlando