Bad credit mortgage
rates — a premium,
not a closed door.
Today’s best A-market 5-year fixed is 4.14% and variable 3.00%. B-lenders typically price about 0.5–1.5 points above A-lender rates. We shop 100+ lenders, map your exit back to A-pricing in 12-24 months, and disclose every fee in writing.
A-market rate as of Oct 24, 2026 from our live rate board. B-lender ranges are illustrative — your rate depends on your file. O.A.C. FSRA #13737.
How bad-credit mortgage
rates actually work.
Your rate is a function of equity, not just your score. Here’s what drives it.
A premium, not a refusal
Bruised credit prices at a premium — B-lenders typically run about 0.5–1.5 points above A-lender rates with a ~1% fee. That door isn't closed; the cost is a bridge.
Equity beats the score
Non-prime and private lending is equity-based. Your down payment or existing equity drives approval and pricing far more than the bureau number does.
We map your exit to A
Re-establish two clean tradelines, keep payments current, and many files refinance to A-pricing in 12-24 months — often saving more than the premium ever cost.
100+ lenders, no judgment
We shop B-lenders, MICs and private firsts across the network to find the lowest real cost for your file — with no bureau pull to start.
From application
to A-lender exit.
Equity first. Fees disclosed. Exit mapped.
That order matters.
Share your file — 5 minutes
Tell us about your property, equity, and situation. No bureau pull to start — we evaluate your file on equity position first, not just the bureau score.
We shop 100+ lenders
B-lenders, MICs, and private firsts — all fees disclosed in writing before you commit a dollar. You see the all-in cost so you can compare on real numbers.
Fund and map your exit
Once placed, we build your credit-rebuild milestones and line up the A-lender refinance so the bridge has a clear end date — 12-24 months for most files.
A path for every
credit situation.
Bankruptcy, consumer proposal, CRA debt, or a low score — tap any situation to see how we approach it.
If you’re…Your score is low but you have strong equity
Your score is low but you have strong equity
B-lenders evaluate equity first. A large down payment or significant existing equity often secures a sharper rate than a clean score with thin equity.
See how equity-based approvals workIf you’re…You need the fastest possible funding — days, not weeks
You need the fastest possible funding — days, not weeks
Private firsts can fund in as little as 48-72 hours. Every fee is disclosed up front and we model the full cost before you commit.
Explore private mortgage optionsIf you’re…You are in or recently completed a consumer proposal
You are in or recently completed a consumer proposal
There is a mortgage path during and after a consumer proposal — we map the approval and the exit back to A-pricing once you're clear.
See the path after a proposalIf you’re…You were discharged from bankruptcy
You were discharged from bankruptcy
Re-establish and finance once discharged. We lay out every step from discharge to A-lender approval and show you exactly what timeline to expect.
Map my post-bankruptcy pathIf you’re…You owe money to the CRA
You owe money to the CRA
CRA debt can often be rolled into a refinance while resetting your credit profile at the same time. We place the file and plan the exit.
Explore CRA debt optionsIf you’re…You want to rebuild to A-pricing as fast as possible
You want to rebuild to A-pricing as fast as possible
Two clean tradelines — secured card and a small instalment loan — reported for 12-24 months typically get bruised files back to A-lender approval.
Start my credit rebuild planThe B-lender bridge —
and the A-lender payoff.
The premium is real. So is the savings when you exit to A-pricing. Here’s what the bridge can look like.
- B-lender rate (illustrative)~5.64% fixed
- Mortgage amount$400,000
- Monthly payment~$2,530
- Lender fee (~1%)$4,000 at funding
- Term1-year (bridge)
- Monthly outflow~$2,530
- A-lender rate (illustrative)~4.14% fixed
- Mortgage amount$400,000
- Monthly payment~$2,150
- Lender fee$0
- Term5-year A-lender
- Monthly outflow~$2,150
Illustrative only — your rate, fees, and savings will differ. We disclose every number in writing before you commit. Learn how bad-credit mortgages work.
Common questions,
clear answers.
Rates, equity, exit timelines, fees — answered plainly, no judgment.
How much higher is a bad-credit mortgage rate?
Expect a premium, not a closed door. B-lenders typically price about 0.5–1.5 percentage points above A-lender rates, often with a lender fee around 1%. Private firsts price higher again, plus lender and broker fees — all disclosed in writing before you commit. The premium is real, but it’s a bridge, not your forever rate.
Why is equity more important than my credit score for the rate?
Non-prime and private lending is equity-based. The lender’s security is the home, so the down payment or existing equity (loan-to-value) drives the approval and the pricing far more than the credit bureau number. A bruised score with strong equity often gets a sharper rate than a clean score with thin equity — which is why we lead with your equity position, not your score.
What credit score do I need (and what rate does it get)?
There’s no single cutoff — with enough equity there’s a path even with a low score, because the deal is equity-based. As a rough map: stronger files land at B-lenders — typically 0.5–1.5 points above A-lender rates — with a ~1% fee, while thinner or more urgent files move to private firsts at a higher rate plus disclosed lender and broker fees. We shop your file across 100+ lenders — no judgment — to find the lowest real cost for your situation.
Can I refinance to a normal rate later?
Yes — that’s the plan. Re-establish two clean tradelines and keep payments current, and many files can refinance to A-pricing in 12-24 months. Many borrowers save more on the A-lender refinance than they ever paid in the B or private premium. We map that exit back to A-pricing from day one, so the bridge has a clear end date.
We’ll try to beat your rate.
If we can’t, we pay you $500.¹
¹ Rate Beat: eligible Big-6 bank written offers only · same product, term & amount · $500 paid to you or your nominated charity at closing · conditions apply
Bad credit mortgage rates across Canada
We place bruised-credit and B-lender files in every major market — find your city below.