Private Mortgage - Brampton

Private Mortgage in Brampton - Equity-Based Approval for GTA Homeowners

Private mortgage lenders approve based on property equity and loan-to-value - not credit score or income documentation. HB Mortgage Centre arranges private mortgages for Brampton homeowners across all credit situations. FSRA #13449.

Apply Now Call (647) 542-6100

FSRA Brokerage #13449Â·Hardeep Batoo, Broker Licence #M13002408Â·Brampton & Peel RegionÂ·Ontario-wide

The basics

Private mortgages in Brampton - how they work

A private mortgage in Brampton is a real estate-secured loan from a private lender or mortgage investment corporation rather than a bank. Approval is based primarily on your property's equity and loan-to-value ratio, not your credit score or income documentation.

Brampton is one of the fastest-growing cities in Ontario with a diverse residential property market including detached homes, semi-detached homes, and townhouses across a wide range of price points. Brampton's scale and property activity mean a broad range of private lenders are active in the market.

Most private lenders will consider up to 75â€“80% loan-to-value on residential properties in major Ontario urban markets like Brampton. Your usable equity depends on your actual property value, mortgage balance, property type, title, documentation, and lender review - not on regional averages.

Who it's for

Who uses private mortgages in Brampton

Brampton homeowners who contact HB Mortgage Centre about private mortgages typically fall into these situations.

Bank or B lender declined a mortgage application or renewal

Credit challenges, consumer proposal, or past bankruptcy limits conventional options

Self-employed or incorporated income doesn't document the way banks require

Closing deadline approaching - conventional financing cannot move fast enough

Power of sale proceedings started - homeowner needs to pay out their lender

Spousal buyout or separation requires equity access conventional lending can't provide

Short-term bridge while rebuilding credit toward B lender or bank qualification

High combined LTV after refinancing options were exhausted

In each case, the property's equity is the key factor. Brampton's established residential neighbourhoods and high property activity attract a wide range of private lenders.

Rates & costs

What a private mortgage in Brampton costs

Private mortgage rates are higher than bank rates because private lenders accept files banks won't. The total cost includes the rate, lender fee, broker fee (where applicable), legal fees, and appraisal.

Rates are indicative as of May 2026. Rates and fees depend on your LTV, property type, credit situation, and lender. All costs disclosed in writing before commitment. O.A.C. E.&O.E.

What it costs

Private first mortgage rate6â€“8% indicative range (May 2026) - varies by LTV, credit, exit strategy
Private second mortgage rate9â€“12% indicative range - reflects second-position risk
Lender feeTypically 1â€“3% of the loan amount - charged by the private lender
Broker feeWhere applicable - disclosed in writing before commitment (FSRA requirement)
Legal feesBoth your lawyer and lender's lawyer - typically $1,500â€“$3,500 combined
AppraisalRequired by most private lenders - typically $400â€“$700

How it works

How a Brampton private mortgage is arranged

Property and equity review

We start with your property value and mortgage balance. The LTV is the primary qualification - we establish this number first before assessing which lenders are appropriate.

Credit and file assessment

We review your credit situation. This determines which private lenders are most suitable and how to present the file for the best available rate.

Lender matching

We identify private lenders active in the Brampton/Peel market whose criteria fit your specific combination of property type, LTV, and credit situation.

Commitment and disclosure

Before you commit to anything, you receive written disclosure of the rate, all fees, and total cost of borrowing - as required by FSRA.

Legal closing and funding

Your lawyer and the lender's lawyer handle registration. Straightforward files with complete documentation can move quickly.

Brampton property market context

Brampton's housing scale means more private lender options

Brampton is one of the most active residential property markets in the GTA. Private lenders follow property activity - more lenders compete for Brampton files, which generally means better rates and terms than less liquid markets. Your specific property type and location within Brampton still matters.

Compare: private vs B lender →

Why a broker

Local knowledge and private lender access

HB Mortgage Centre is based in Mississauga and has arranged private mortgages for homeowners across the Peel Region including Brampton. We know which property types attract private lenders in Brampton, how lenders assess the local market, and what makes a Brampton private mortgage file more or less workable.

Private lenders active in Brampton don't advertise publicly and don't take retail applications. Access is through established broker relationships - which is why the rates and options available through a broker are different from what you can find on your own.

If a private mortgage does not make sense for your situation, we will tell you that clearly and explain what alternatives might work.

Our lender network →

FAQ

Frequently Asked Questions - Private Mortgage Brampton

Can I get a private mortgage on a Brampton townhouse?+

Yes, in most cases. Townhouses in Brampton are among the more liquid property types in the GTA and generally attract a wide range of private lenders. Stacked townhouses or leasehold properties may have more limited options. Your specific property would be assessed as part of the file review.

Do private mortgage lenders in Brampton require a property appraisal?+

Most private lenders require a current appraisal from an approved appraiser to establish the property value for loan-to-value calculation. The appraisal fee is part of the total cost of the private mortgage.

How does a Brampton private mortgage compare to going to a B lender?+

B lenders still require income documentation, credit review, and stress test qualification - though with more flexibility than major banks. Private mortgage lenders focus primarily on property equity. Private mortgage rates and fees are generally higher than B lender rates. If you qualify for a B lender, that is almost always the lower-cost option.

How long does it take to get a private mortgage in Brampton?+

Timelines vary. Straightforward files with complete documentation, clean title, and a marketable Brampton property can often move faster than traditional bank files. Most private mortgage closings require at minimum the time needed for an appraisal, title search, and legal work. Timelines are not guaranteed.

What are the private mortgage rates available in Brampton?+

Private mortgage rates in Ontario typically range from 6â€“8% for first position and 9â€“12% for second position, as of May 2026. Your specific rate depends on loan-to-value, property type, credit, and exit strategy. Additional lender fees, broker fees (where applicable), and legal costs also apply.

Get a private mortgage assessment for your Brampton property

Call 647-542-6100 or apply online. We review your property equity, LTV, and credit - and tell you what private mortgage options are available before you commit to anything.

Apply Call (647) 542-6100

Qualification subject to lender approval, equity assessment, property appraisal, and market conditions. Private mortgages are generally higher-cost, short-term financing options. All fees disclosed in writing before commitment. O.A.C. E.&O.E.

FSRA Brokerage #13449 Â· Hardeep Batoo, Broker Licence #M13002408 Â· Ontario-wide

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