When would I use a private purchase mortgage instead of a bank?

You might use a private purchase mortgage if you are self-employed, have bruised or bad credit, need to close quickly, are buying a unique property, or have been declined by the bank but still have sufficient down payment and solid equity in the deal.

Can a private purchase mortgage help me with a tight closing date?

Yes. Many buyers use private purchase mortgages when they have firm offers with tight closing dates. Once we have the property details, purchase agreement, and basic financial information, we can often issue a conditional approval within 24 hours and fund within a few business days, subject to lawyers and due diligence.

What types of properties can you finance with a private purchase mortgage?

We can typically finance owner-occupied homes, condos, townhomes, rental properties, and some small residential investment or mixed-use properties across Ontario, depending on location, condition, value, and the strength of your down payment.

When would I use a private purchase mortgage instead of a bank?

You might use a private purchase mortgage if you are self-employed, have bruised or bad credit, need to close quickly, are buying a unique property, or have been declined by the bank but still have sufficient down payment and solid equity in the deal.

Can a private purchase mortgage help me with a tight closing date?

Yes. Many buyers use private purchase mortgages when they have firm offers with tight closing dates. Once we have the property details, purchase agreement, and basic financial information, we can often issue a conditional approval within 24 hours and fund within a few business days, subject to lawyers and due diligence.

What types of properties can you finance with a private purchase mortgage?

We can typically finance owner-occupied homes, condos, townhomes, rental properties, and some small residential investment or mixed-use properties across Ontario, depending on location, condition, value, and the strength of your down payment.

New Purchase Mortgage Ontario

Buying a home and need fast mortgage approval? We offer private purchase mortgages for all types of borrowers — including self-employed, bad credit, and buyers needing quick closings.

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Need a Purchase Mortgage?

Equity lending that works for real people.

Rates starting from 8.99%
Easy approval — credit challenges welcome
Up to 80% combined LTV (case-by-case)
Lightning-fast funding — 24 to 48 hours
Flexible proof of income requirements
Clear terms, no surprises, no hidden fees
Servicing Ontario homeowners across GTA, Vaughan, Toronto, York Region

We lend based on the equity in your home, not the complexity of your income.

Is Lendworth Right for You?

A Lendworth mortgage is ideal if you want to.

At least 20% down payment
Bad or limited credit okay
Self-employed or stated-income borrowers
New job, contract income, or commission-based
Bank decline or income mismatch
Buying a home fast (short closing)
Purchasing a rental or investment property

If you have a down payment and a property in mind, you likely qualify.

How Much Can You Borrow?

Your home’s equity determines your approval.

Loan amounts: $25,000 – $5,000,000+
Combined LTV: Up to 80% depending on location & risk
Terms: 6–24 months
Rates: Starting from 8.99%
Property Types: Residential single-family homes, townhomes, semis, condos (case-by-case), investment properties

We prioritize location, liquidity, and realistic valuations.

Our Lending Criteria.

Simple, fast, transparent.

Ontario homeowners with equity
Minimum property value: $400,000 (city-dependent)
Strong preference for GTA, Vaughan, Toronto, York Region, Peel, Durham, Halton
Appraisal may be required (same-day approvals available)
No minimum credit score required

If you’ve been turned down elsewhere — we can likely help.

Your Fast, Reliable Partner for Closing on Your New Home.

Lendworth gives you purchase approvals in hours.

More Loan Products We Offer

Explore more of our loan options below and find the one that best fits your needs.

Whether you’re exploring first mortgages, looking to tap additional equity through a second mortgage, or preparing for a new property with a purchase mortgage, Lendworth offers fast, flexible solutions for every situation. Homeowners who want to lower payments often choose a refinance, while those needing revolving access to funds may benefit from a home equity line of credit (HELOC). If you're buying before selling, our bridge loans provide seamless short-term financing, and borrowers with unique properties can take advantage of specialized land loans. For major renovations or new builds, our construction loans offer staged funding designed to keep your project moving without delay.

Mortgage Solutions We Offer

We have a solution built around your home equity and your goals.

Whether you need fast access to equity through private lending, flexible solutions designed for self-employed borrowers, or a clear path to debt consolidation, Lendworth provides efficient, borrower-focused options for every situation. Homeowners facing urgent timelines can rely on our support to stop power of sale, manage mortgage arrears, or secure specialized probate and estate loans during challenging transitions. When unexpected expenses arise, our emergency loans offer rapid funding, and clients navigating separation can benefit from our tailored divorce buyout loans that help preserve stability and protect their homeownership goals. Check our FAQs for more information.

Why Borrowers Trust Lendworth

We are a GTA-based private mortgage lender committed to transparency, fast turnaround, and strong investor-backed lending. Our approvals rely on real-world property values, ensuring you receive a fair and accurate offer every time.

Backed by Lendworth MIC’s disciplined underwriting process, we focus on capital preservation, efficient execution, and five-star service.