Bad Credit Mortgage Help in Newmarket
We turn poor credit into approved mortgages across Newmarket Ontario
Get Your Free ConsultationNo-hassle, No-obligation. Your info is safe, and you’re in control.
Our Ontario Lending Advantage
Fast
Lending Approvals
Low Rates
Some of the lowest rates anywhere
98%
would recommend us
No-Obligation
free, no-hassle conversation
Turn Your Credit Setback into a Fresh Start
Our Newmarket-based mortgage team specialises in helping clients whose credit history has taken a few knocks. Whether your score dipped because of a tough year, a consumer proposal, or late payments, we pair you with compassionate Ontario lenders who see beyond the numbers.
From Stonehaven-Wyndham to Glenway Estates, we know the local market and craft flexible solutions that rebuild credit while keeping payments affordable.
> More Newmarket Mortgage Services
FAQs for Mortgages for people with bad or poor credit in Newmarket, Ontario
Can I get a mortgage in Newmarket if my credit score is under 600?
Yes. We work with alternative and “B” lenders who focus on income strength and property value rather than a perfect score. Many borrowers from communities like Armitage and Summerhill Estates secure financing even with scores in the low 500s.
How much down payment do we need for a bad-credit mortgage in Ontario?
Most non-traditional lenders require 15 %–20 % down to offset the higher risk. We’ll walk you through exact numbers based on your credit file and the home’s value—whether it’s a condo near Upper Canada Mall or a detached on Main Street.
Will the interest rate be much higher than a prime lender?
Rates are typically 1 %–3 % above prime, reflecting added risk. We negotiate hard to keep costs competitive and create a two-year exit plan so you can refinance with a mainstream bank once your credit rebounds.
How soon can we refinance into a lower-rate mortgage?
If you make on-time payments and tackle small debts, many clients refinance within 18-24 months. We review your file every six months and update a credit-improvement roadmap tailored to Newmarket’s housing prices and property taxes.
Do bad-credit mortgages still allow pre-payment options?
Absolutely. Many Ontario alternative lenders let you pay an extra 10 %–20 % annually without penalty—perfect if a bonus comes in or you sell a vehicle at the Newmarket Farmers Market and want to knock down the balance faster.
Please note: it's always best to get in touch with our team to make sure each specific question you might have we can answer directly to ensure 100 % accurate information.
