Lenders Valley

Rates updated

Private mortgage rates from Canadian lenders, side by side

See the lowest private lender rate for your credit score and loan-to-value. Pick your profile, send one short form, and a specialist matches you with the right lender.

Residential · 1st position

Private first mortgage rates

For purchases and refinances when the bank says no: self-employed income, bruised credit, or a fast close. Lenders size the loan mainly on the home's equity.

Lenders compared
2
Terms
12 or 24 months
Lender fees
from 1.00%
Provinces
AB, BC
British Columbia, detached house. Rates from, by loan-to-value and credit score.
Credit score
Loan-to-value 680+600–679Under 600
Up to 50%
50–65%
65–75%
75%+

Your estimate

Province
Property type
Term type
How much of the property value do you need?
Your credit score

Rates from 8.95%

Lowest rate across 2 lenders for this profile. Your final rate depends on the property and your exit plan.

Get matched for a first mortgage

Residential · 2nd position

Private second mortgage rates

Borrow against your equity without breaking your bank mortgage. Used for debt consolidation, renovations, tax arrears and bridge financing.

Lenders compared
1
Terms
12 or 24 months
Lender fees
from 1.50%
Provinces
BC
British Columbia, detached house. Rates from, by combined ltv and credit score.
Credit score
Combined LTV 680+600–679Under 600
Up to 50%
50–65%
65–75%
75%+

Your estimate

Province
Property type
Term type
How much of the property value do you need?
Your credit score

Rates from 8.95%

Lowest rate across 1 lenders for this profile. Your final rate depends on the property and your exit plan.

Get matched for a second mortgage

Construction · Draw-based

Private construction loan rates

Funds released in draws as the build progresses, from new single-family homes and laneway houses to small multi-unit projects. Interest is charged only on the amount drawn.

Lenders compared
2
Terms
12 or 24 months
Lender fees
from 1.25%
Provinces
BC
British Columbia. Rates from, by loan-to-cost.
Loan-to-cost Rates from
Up to 60%
60–70%
70–75%

Your estimate

Province
Term type
How much of the build cost do you need?

Rates from 8.45%

Lowest rate across 2 lenders for this profile. Your final rate depends on the property and your exit plan.

Get matched for a construction loan

Commercial · 1st position

Private commercial mortgage rates

First mortgages on retail, office, industrial, mixed-use and multi-family buildings. Useful for quick acquisitions, lease-up periods and properties outside bank guidelines.

Lenders compared
2
Terms
12 or 24 months
Lender fees
from 1.40%
Provinces
AB, BC
British Columbia, retail. Rates from, by loan-to-value and credit score.
Credit score
Loan-to-value 680+600–679Under 600
Up to 50%
50–65%
65–75%
75%+

Your estimate

Province
Property type
Term type
How much of the property value do you need?
Your credit score

Rates from 8.70%

Lowest rate across 2 lenders for this profile. Your final rate depends on the property and your exit plan.

Get matched for a commercial mortgage

Rates shown are the lowest starting rate among the private lenders we work with for each profile, on approved credit and approved property. Lender names are shared once we review your file. Rates can change without notice. A broker fee, appraisal and legal costs may apply in addition to the lender fee. Ask for the APR on any offer.

How it works

From rate table to funded mortgage

  1. Compare the rates

    Pick your mortgage type, province and property, then your loan-to-value and credit score. The grid shows the lowest rate our lenders offer for that profile.

  2. Send one short form

    Tell us the property type, city and what you need. It takes about two minutes and doesn't affect your credit score.

  3. Get matched and funded

    A specialist confirms the best-fit lender, orders the appraisal and walks you to closing, often within 5 to 10 business days.

Questions

Private mortgage FAQ

What is a private mortgage?

A private mortgage is a loan from a non-bank lender such as a mortgage investment corporation (MIC) or private investor. Approval leans on the property's equity more than on credit score or income documents, so it can close faster for borrowers banks decline.

Why are private mortgage rates higher than bank rates?

Private lenders take on files that banks won't, fund from investor capital rather than deposits, and usually lend on short terms of 6 to 24 months. The higher rate and a one-time lender fee price in that risk.

What fees come with a private mortgage?

Expect a lender fee, often 1% to 3% of the loan, plus a broker fee, appraisal and legal costs. Ask for the annual percentage rate (APR) so you can compare offers on total cost.

How fast can a private mortgage close?

Many private files close in 5 to 10 business days once the appraisal and documents are in, and some lenders can move faster for urgent purchases or refinances.

Can I get a second mortgage behind my bank mortgage?

Yes. A private second mortgage sits behind your existing first mortgage, so you keep your bank rate. Lenders look at combined loan-to-value, typically up to 80% to 90% of the property's appraised value.

From the blog

Guides for private borrowers

Commercial

Amir Test

Hello

Second mortgages

How private second mortgages work, and when one makes sense

Combined LTV, interest-only payments, and how to plan your exit before you sign.

All articles →

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