Bad Credit Mortgages
Credit challenges do not have to stop you from getting a mortgage. There are lenders and programs designed for borrowers rebuilding their credit.
Banks and traditional lenders have strict credit requirements that can exclude many deserving borrowers. Whether you have experienced a consumer proposal, bankruptcy, collections, or simply have a lower credit score, there are mortgage options available. I work with alternative and private lenders who look beyond your credit score to consider your overall financial picture, property equity, and ability to make payments.
Who Is This For?
- Borrowers with a credit score below 600
- Those who have experienced a consumer proposal or bankruptcy
- Homeowners or buyers with recent collections or charge-offs
- Those with limited credit history or thin credit files
- Borrowers who have been declined by banks due to credit issues
Common Goals
- Purchase a home despite credit challenges
- Refinance an existing mortgage with bruised credit
- Consolidate debt to improve cash flow and rebuild credit
- Access home equity for urgent financial needs
- Transition from alternative lending to A-lending as credit improves
How It Works
We review your credit report together and I explain what lenders see and how to address concerns.
I identify lenders whose programs align with your credit profile, from B-lenders to private options.
I present your application in the strongest possible light, emphasizing your strengths and equity.
I create a plan to transition you to better rates as your credit improves over time.
Important Considerations
- *Interest rates for bruised credit are typically higher than conventional rates.
- *A larger down payment or more equity can offset credit concerns for lenders.
- *Credit rebuilding takes time, but strategic steps can accelerate the process.
- *Private mortgages are short-term solutions with the goal of moving to better lending.
Mortgage approval for borrowers with credit challenges depends on individual circumstances, property equity, and lender criteria. Higher rates and fees may apply. O.A.C.
Ready to Get Started?
Free consultation, no credit check. I search 65+ lenders and 7,000+ solutions to find your best fit.
Subject to lender approval. O.A.C.
Typical Documents Needed
- Government-issued photo ID
- Credit report (I can pull this with your authorization)
- Proof of income
- Bank statements (90 days)
- Discharge papers (if bankruptcy or consumer proposal)
- Property details and existing mortgage statement (if applicable)
Related Solutions
Advertising Disclosure: Michael Noble Green, Mortgage Agent Level 1 (Licence #M21002443) at 8Twelve Mortgage Corp. (Brokerage Licence #13390). All mortgage products and services are subject to lender approval. O.A.C. Rates and terms are subject to change without notice. This page is for informational purposes and does not constitute a commitment to lend.