- Mortgage Agent Level 1
- License #: M22001766
Having bad credit doesn’t mean your dream of homeownership is over. At HP Financial Services , we understand that life happens — whether it’s missed payments, unexpected debt, or financial challenges. Our team specializes in helping Ontarians with less-than-perfect credit secure the right mortgage. With access to over 50 lenders, including banks, credit unions, and private lenders, we’ll work with you to find solutions tailored to your needs.
When traditional banks say no, we step in with options designed for your situation. We don’t believe that poor credit should stop you from owning a home or refinancing your property. Our mission is to guide you through the mortgage process, explain your options clearly, and help you rebuild your financial future.
With HP Financial Services, you get:
Local Expertise – Ontario-focused knowledge of lenders and housing market trends.
Credit in Canada is measured on a scale from 300 to 900. Scores below 650 are generally considered bad or poor credit. Here’s how credit health is typically categorized:
| Credit Score Range | Credit Rating |
|---|---|
| 750–900 | Excellent |
| 720–749 | Good |
| 650–719 | Fair |
| 600–649 | Poor |
| 300–599 | Bad |
While banks prefer higher scores, many lenders still approve applications with scores below 650, especially with a stable income and sufficient down payment. At HP Financial Services, we help clients every day who fall within this range, providing access to private lenders, bad credit mortgage products, and second-chance financing.
Trying to secure a mortgage with bad credit on your own can be frustrating and often leads to rejection. By working with HP Financial Services, you benefit from:
Better Long-Term Planning – Beyond getting you approved today, we provide strategies to rebuild your credit and save on interest later.
Poor credit can result from many life events, including:
Whatever the cause, our goal is not to judge but to support. HP Financial Services works with you to overcome these challenges and find a pathway to homeownership or refinancing.
Bad credit can impact your mortgage approval and terms in several ways:
Lenders may charge more to offset the perceived risk.
Some lenders require a down payment of 20–25% for bad credit mortgages.
Fewer banks will approve applications, making alternative and private lenders more important.
Some mortgages may require default insurance or stricter repayment terms.
Even with these challenges, HP Financial Services helps you find affordable solutions that fit your budget and goals.
Even with these challenges, HP Financial Services helps you find affordable solutions that fit your budget and goals.
Ideal for clients who don’t qualify with traditional banks. B lenders are more flexible with credit requirements and provide competitive alternatives.
Funded by private investors or mortgage companies, these loans offer short-term solutions when banks decline your application.
A great option if you’re not ready for a mortgage yet. You can rent your home with the option to purchase later while building credit in the meantime.
Designed for clients who have faced financial setbacks but are working to rebuild their credit profile.
You deserve a chance to move forward, even if your past financial challenges have affected your credit. At HP Financial Services, we don’t just stop at getting you approved — we also provide education and strategies to rebuild your credit, reduce debt, and improve your financial outlook.
Whether you’re buying your first home, refinancing, or consolidating debt, we’ll help you secure the best bad credit mortgage available in Ontario.
Contact HP Financial Services today for a free, no-obligation consultation and take the first step towards financial recovery and homeownership.
Yes. While banks may decline your application, we work with B lenders and private lenders who are more flexible.
Most banks require at least 650, but we have access to lenders who accept lower scores with larger down payments.
Yes. Many of our clients have secured mortgages after completing bankruptcy or consumer proposals.
Not forever. While initial rates may be higher, we’ll help you rebuild your credit to qualify for better rates in the future.
With the right down payment and lender match, you may qualify immediately. We’ll assess your situation and guide you on the best path forward.
