Loan option
Bad Credit Mortgage in the GTA
When your credit score keeps a traditional bank or A-lender from approving your mortgage, alternative and private lending partners can look at the equity in the property as the primary qualifier.
When homeowners use a bad credit mortgage
- Rebuilding after a consumer proposal, missed payments, or collections
- Refinancing when a bank declined a renewal
- Stopping legal action by paying out arrears or judgments
- Buying time to recover your score before returning to an A-lender
How equity-based qualification works
Approvals are weighted heavily toward equity and property type; credit history is reviewed but not the gatekeeper it is at a chartered bank.
As a general Ontario rule, lending partners want the combined balance of every mortgage that will sit against the property — first, second, and so on — to land at roughly 75%–80% of the appraised value. We are a referral service, not a lender; final pricing and approval are determined by the licensed lending partner.
Bad Credit Mortgage by city in the GTA
Browse bad credit mortgage options in your area. Each page reflects local housing context, but the underlying program is the same equity-based approach.
Other GTA & Ontario cities
Lending Options Across the GTA
Explore equity-based lending options by type and by city. We connect homeowners across the Greater Toronto Area with our network of licensed lending partners.