Bank said no?
B-lenders say yes.
B-lenders and alternative lenders approve mortgages for bruised credit, self-employed income, and life after bankruptcy or a consumer proposal — then we coach you back to a prime A-lender rate.
🏠 How Much Could You Qualify For?
Estimates only. Actual amount depends on equity, property appraisal and lender.
- ✓B-lenders approve mortgages for credit scores around 500+ with roughly 20% down.
- ✓They're built for self-employed, post-bankruptcy, consumer proposal, new-to-Canada, and high-debt-ratio borrowers.
- ✓Rates are higher than a bank, plus a ~1% lender fee, on shorter 1–3 year terms.
- ✓A B-lender is a stepping stone — our Reboot plan moves you back to a prime lender at renewal.
A bruised credit file
isn't the end of the story.
Big banks (A-lenders) demand strong credit and two years of T4 income. B-lenders and private lenders look at the whole picture — your equity, your down payment, and your story — and approve borrowers the banks reject.
- Bruised credit, collections, late paymentsB-lenders approve from ~500; equity covers the rest
- After bankruptcy or consumer proposalMany lenders approve shortly after discharge
- Self-employed, commission & contract incomeFlexible, stated-income qualification
- New to Canada or thin credit historyApproved on down payment and overall profile
Say No.
Real people the banks turned away
A "bad credit" file is rarely the full story. Here are the borrowers B-lenders and alternative lenders approve every day.
Post-Bankruptcy
Discharged from bankruptcy or a consumer proposal and ready to rebuild.
Approved earlySelf-Employed
Strong income that doesn't fit a bank's two-year T4 box.
Stated incomeBruised Credit
Late payments, collections, or a score in the 500s–600s.
From 500+New to Canada
Thin or no Canadian credit history but a solid down payment.
Profile-basedHigh Debt Ratios
Debt-service ratios above what A-lenders allow.
Relaxed GDS/TDSA-Lender vs B-Lender vs Private Lender
Understanding the three lender tiers is the key to a bad-credit approval. Here's exactly how they differ.
| Feature | B-Lender (CreditReboot) ✓ Recommended | A-Lender (Bank) | Private Lender | Stay With Bank |
|---|---|---|---|---|
| Min Credit Score | ~500+ | ✗ 680+ | No minimum | ✗ 680+ |
| Income Proof | Flexible | Strict (2yr T4) | Minimal | Strict |
| Down Payment | 20%+ | 5–20% | 25%+ | 5–20% |
| Typical Rate | Mid (+ ~1% fee) | Lowest | Highest | Lowest |
| After Bankruptcy | ✓ Yes | ✗ Usually no | ✓ Yes | ✗ No |
| Best For | Bruised credit, self-employed | Strong files | Urgent / no credit | Perfect credit only |
How much could you qualify for?
Slide the numbers to estimate what a B-lender could approve on your equity.
The Digital CreditReboot Process
No branch visits. No waiting in line. No unnecessary paperwork. Just a simple digital process from start to funded.
Pre-Approval
Fill out the form, speak to a licensed CreditReboot broker, and get your personalized quote — usually within 24 hours. No credit check at this stage.
Application & Approval
We shop your deal across 50+ private and alternative lenders and present you with your best approval to choose from.
Funding
Sign the broker documents, complete the legal paperwork with a lawyer or notary, and receive your funds — typically within 3–5 business days.
Trusted by homeowners
across Canada
Real Google reviews from homeowners in Ontario and Alberta who worked with CreditReboot.
"They were able to help me with a second mortgage based on equity without any income requirements and lowered my monthly payment by helping me consolidate credit card debt. I highly recommend them."
"I was in a total bind looking to get financing against my property in Alberta. Parm gave me options even after letdowns from the banks, and worked tirelessly to find me a lender. By far the best I've worked with in a difficult situation."
"Our bank wasn't helping with refinancing. Parm gave us step-by-step insight on every detail, answered every question, and was always available. If you need help refinancing, look no further than CreditReboot."
Find out if you're approved — even with bad credit
Free eligibility check. No impact on your credit score. Licensed brokers ready to call you today.
Apply in 60 Seconds →Bad Credit Mortgage Rates in Canada (August 2026)
Getting a mortgage with bad credit costs less than most Canadians expect. As of August 2026, B lenders write first mortgages from 4.99%–5.99% and seconds or HELOCs at 7.99%–11.99%; private lenders run 7%–9% on firsts and 9%–14% on seconds. How to get a mortgage with bad credit is less about the score and more about the file: equity, income documentation, and the story behind the damage.
| Option | Typical Rate (August 2026) |
|---|---|
| B-lender first mortgage | from 4.99%–5.99% |
| B-lender second mortgage / HELOC | 7.99%–11.99% |
| Private first mortgage | 7%–9% |
| Private second mortgage | 9%–14% |
Your written quote itemises the rate and every fee before you commit to anything.
Bad Credit Mortgage Ontario
Ontario is Canada’s largest bad credit mortgage market — and its most competitive, which works in your favour. We are FSRA-licensed and place Ontario files with B lenders and private lenders who read equity first, from Toronto and the GTA to London and Windsor. Power of sale pressure, consumer proposals, CRA arrears — all placeable when the equity holds up.
Bad Credit Mortgage Alberta
In Alberta the same two tiers apply, priced against the property. We are licensed in Alberta and work bad credit files in Edmonton, Calgary, and the surrounding towns — including foreclosure rescues, where speed decides the outcome.
Can You Renew a Mortgage With Bad Credit?
Usually yes — your current lender will typically renew a mortgage in good standing without re-checking credit. The real question is the terms: you take what is offered, and you cannot pull equity or consolidate debt at renewal without requalifying. If the numbers no longer work, a broker-arranged refinance through a B lender or private lender resets them — approved on equity plus income, or on equity alone.
Bad Credit Mortgage Lenders: B Lenders vs. Private
Bad credit mortgage lenders split into two camps. B lenders want equity plus income they can work with — flexible and stated documentation programs. Private mortgage lenders in Ontario and Alberta qualify the property alone, which keeps the door open after every bank has said no. We shop both camps at once — 50+ lenders, no hard credit pull to see your options.
Run your own numbers
- Home Equity Loan Calculator — see what your equity supports before you apply
Related reading
- Bad-credit refinancing in Ontario — the process step by step
- Bad-credit refinancing in Calgary — what Calgary homeowners qualify for
- Bad-credit refinancing in Toronto — the GTA lender options
- Bad-credit refinancing in Alberta — province-wide options
- Declined for a refinance in Alberta — which lender tier still writes the file
Common questions
Answers to the questions we hear most from homeowners in Ontario, Alberta, and Saskatchewan.