Private Purchase Mortgages in Ontario — Close on Time with Confidence
Buying a home and need financing fast?
Whether your bank said no, your closing is approaching, or your situation doesn’t fit traditional lending — you still have options.
Many buyers use a private mortgage in Ontario to secure a purchase based on the property, down payment, and a clear closing plan — even with credit or income challenges.
If timing is critical, acting quickly can help you avoid delays, penalties, or losing your deal.
If your financing falls through, you risk losing your deposit — or the property entirely.
✽ Serving Ontario
Why Homebuyers Use Private Purchase Mortgages
Close Without Delays
Secure financing quickly so you don’t risk losing your purchase or deposit.
Equity & Property-Based Approvals
Decisions are based on the property and your down payment — not strict income or credit requirements.
Fast Decisions & Funding
Many files receive same-day direction, with funding possible within 24–48 hours once conditions are met.
Who Qualifies?
Designed for Ontario buyers who don’t fit traditional bank criteria:
Purchasing a home in Ontario
Minimum 20% down payment
Recently declined by a bank
Self-employed or non-traditional income
Credit challenges or limited history
Need fast mortgage approval for a tight closing timeline
How it Works
Request a Review
Submit your purchase details — no obligation.
Deal Assessment
We review the property, down payment, and closing timeline to structure a realistic mortgage.
Close on Time
Funds are released once due diligence is complete — helping you meet your closing date with confidence.
What a Purchase Mortgage Can Be Used For
Bridge the gap between approval and closing with a fast, structured mortgage solution designed to get your deal closed on time.
✔ Buy a home with a short closing timeline
✔ Secure financing after a bank decline
✔ Purchase investment or rental property
✔ Bridge gaps in income or documentation
✔ Complete deals that banks cannot approve in time
Why Homebuyers Choose Lendworth
Lendworth provides fast, flexible purchase mortgage solutions across Ontario using equity-based lending designed for real-world timelines.
We focus on execution, clarity, and getting your deal closed — not unnecessary delays or rigid bank processes.
Don’t Lose Your Purchase
Real estate transactions move fast.
If financing falls through, you risk losing your deposit — or the property entirely.
Acting early gives you more options and helps ensure your deal closes on time.
What You Can Expect
When securing a purchase mortgage, the goal is speed, certainty, and execution:
Fast, Property-Based Approvals
Decisions based on the property and structure — not strict bank formulas.
Flexible Mortgage Solutions
Built around your closing timeline and financial situation.
A Clear Path to Closing
Move forward with a structured plan designed to complete your purchase.
Trusted Purchase Mortgage Solutions in Ontario
Lendworth helps buyers secure financing quickly and close with confidence when traditional lenders delay or decline.
Top Purchase Mortgage questions answered
Request a private purchase mortgage review
A private purchase mortgage is alternative financing used to buy a home when banks can’t approve you due to income, credit, self-employment, or tight timelines.
Lendworth funds directly based on equity, down payment strength, and property value, allowing faster approvals and simplified underwriting.
Most clients use this option to purchase a home without delays or bank conditions.
We can approve most purchase mortgage applications within the same day, and fund in 24–48 hours, depending on your lawyer.
This is ideal for buyers facing:
Firm closing dates
Bank declines at the last minute
Self-employed income issues
Urgent timelines
If your deal is closing soon, we can step in immediately.
Most private purchases require at least 20% down, but stronger properties or urban locations may qualify with slightly less.
Your down payment can come from:
Savings
Gifted funds
Sale of another property
Equity in current home (bridge financing)
Lendworth structures flexible solutions around your situation.
No. Private purchase mortgages are not credit-score dependent and do not require traditional income documents.
We primarily look at:
Property value
Down payment
Location
Loan-to-value (LTV)
Your exit strategy (bank refinance or sale)
This makes private financing perfect for self-employed buyers or anyone a bank declined.
Rates depend on property type and LTV. Typical Ontario ranges:
First-position purchase mortgage: 7%–10%
Second-position purchase mortgage: 10%–14%
Fees may include lender fee, legal fees, appraisal, and title insurance.
Lendworth provides all fees upfront in writing with no surprises.
Ready to Close Your Purchase?
If your closing date is approaching, timing matters.
Lendworth helps Ontario buyers move quickly with clear, equity-based purchase mortgage solutions — without delays or unnecessary conditions.
Related Mortgage Solutions
Private Mortgage Ontario
Flexible, equity-based mortgage solutions across Ontario.
Bridge Loans
Close on time when your sale hasn’t completed yet.
Refinance
Replace your mortgage or access equity with flexible refinance solutions.
Can't Pay Mortgage
Act early to stop missed payments from turning into legal action.