Bad Credit Mortgage

Our Services – Bad Credit Mortgage

Life happens. Whether it’s missed payments, collections, or past bankruptcy, having bruised credit can make mortgage approval more challenging—but not impossible.

At Anton Mortgage, we work with Canadians navigating poor or recovering credit to explore real financing options, backed by honest advice and transparent support.

What is a Bad Credit Mortgage?

A bad credit mortgage is a home loan for borrowers whose credit score or history doesn’t meet the standard criteria for traditional lenders.

This includes situations like:

• Credit scores below 600

• Past bankruptcies or consumer proposals

• Missed payments or collections

• High debt-to-income ratios

While major banks may decline these applications, there are alternative lenders who assess the full picture—not just the credit score.

Realistic Benefits of a Bad Credit Mortgage

Access to Alternative Lenders:
We work with lenders who specialize in credit-challenged borrowers—offering real options with clear terms.

Use of Equity or Larger Down Payment:
A higher down payment (typically 20%+) or existing home equity can help offset credit risk and improve your approval chances.

Short-Term Recovery Plans:
Some bad credit mortgages are designed as bridge solutions—helping you rebuild credit while maintaining homeownership, with the goal of refinancing later at better rates.

Flexible Qualification:
Alternative lenders may focus more on income stability, property value, and equity than on credit score alone.

Common Questions About Bad Credit Mortgages

Can I get a mortgage with a credit score under 600?
Yes—with the right lender and structure. While big banks often require higher scores, non-bank lenders consider broader criteria. That said, expect higher interest rates and stricter terms to reflect the increased risk.

How much do I need for a down payment?
Typically, at least 20% down is required for an uninsured mortgage with bad credit. If you're refinancing, 20–25% equity is often needed. We’ll show you how different loan-to-value ratios affect your approval.

Will this hurt my credit more?
Not if done correctly. We limit unnecessary credit pulls and help you choose one lender—not apply everywhere. In fact, consistent payments on a bad credit mortgage can help rebuild your score over time.

Can I refinance out of a bad credit mortgage later?
That’s often the goal. Many borrowers use these as short-term solutions and refinance into better terms once their credit improves. We help map out that timeline and check in when the time is right.

How Anton Mortgage Approaches Bad Credit Files

Zero-Judgment Mindset:
We’re not here to lecture—we’re here to listen, understand, and find the best path forward.

Transparent Risk Explanation:
We break down the true costs, rates, and terms—so you can make decisions based on facts, not hope.

Lender Matchmaking:
We don’t shotgun your application. We strategically place it with the lender most likely to say yes and offer reasonable terms.

Long-Term Credit Recovery View:
This isn’t just about getting approved today. It’s about putting you in a stronger position 12–24 months from now.

Had credit challenges? You're not alone.
Book a confidential consultation with Anton Mortgage and explore your options—with clarity, not judgment.