New Purchase Mortgage Ontario
Buying a home and need a fast, equity-based option?
We provide private purchase mortgage options for Ontario buyers with complex income, credit, or tight closing timelines.
Private Purchase Mortgages — Equity-Based Lending
Clear lending decisions fast, with transparent terms and direct access to real lenders.
Rates starting from 8.99%
Flexible credit & income scenarios welcome
Up to 80% combined LTV (case-by-case)
Fast closings — often within 24–48 hours
Flexible proof of income requirements
Clear terms, no surprises, no hidden fees
Servicing Ontario homeowners across GTA, Vaughan, Toronto, York Region
We focus on the property, down payment, and a clear closing plan — not endless paperwork.
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 have strong options.
How Much Can You Borrow?
Your down payment, property type, and closing timeline shape your options.
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 (fast decisions once property details are confirmed)
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 delivers clear purchase-mortgage options fast — especially when timing matters.
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.
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 lending decisions rely on real-world property values.
Backed by Lendworth MIC’s disciplined underwriting process, we focus on capital preservation, efficient execution, and five-star service.