When it comes to private lending — especially with equity-based lenders like Lendworth — your credit score is not the deciding factor.
👉 In many cases, borrowers get approved with:
- Low credit scores
- Bad credit
- No credit history
- Missed payments or collections
Because the real question isn’t:
“What’s your score?”
It’s:
“How much equity do you have?”
🧠 Why Credit Score Doesn’t Matter as Much
Banks are rigid. They rely heavily on:
- Credit scores
- Income verification
- Debt ratios
- Stress tests
Private lenders are different.
At Lendworth, we focus on:
- ✅ Property value
- ✅ Loan-to-value (LTV)
- ✅ Equity position
- ✅ Exit strategy
👉 This is called equity-based lending — and it’s why approvals happen when banks say no.
📊 What Actually Gets You Approved
Instead of a credit score, here’s what matters:
🏡 1. Your Equity
The more equity you have, the stronger your file.
- Typical private lending range: up to 65–75% LTV
- Lower LTV = faster approvals + better rates
📍 2. Your Property
Location and type matter.
- Toronto & GTA = strongest approvals
- Residential properties = easiest
- Rural or unique properties = case-by-case
🔄 3. Your Exit Plan
Private mortgages are short-term solutions.
Lenders want to know:
- Will you refinance?
- Sell the property?
- Improve credit/income?
👉 A clear exit = smoother approval
⚠️ When Credit Still Plays a Role
Credit isn’t ignored — it’s just not the gatekeeper.
It may impact:
- Interest rate
- Loan structure
- Terms
But it rarely stops a deal if equity is strong.
🆚 Bank vs Private Lending
| Factor | Banks | Private Lenders |
|---|---|---|
| Credit Score | Critical | Flexible |
| Income | Strict | Flexible |
| Approval | Hard to get | Equity-based |
| Speed | Slow | Fast |
🔥 Why More Canadians Are Choosing Equity Over Credit
In 2026, borrowers are dealing with:
- Higher renewal rates
- Stricter bank rules
- Self-employment income challenges
- Credit dips from inflation pressure
👉 That’s why equity is becoming more valuable than credit.
💰 Get Approved Based on Your Equity
At Lendworth, we specialize in fast, flexible private mortgages across Ontario.
✔ No minimum credit score
✔ Equity-based approvals
✔ Fast funding (days, not weeks)
✔ Solutions for complex situations
👉 Your Equity Deserves More™