Private mortgage lenders in Brampton: rates, how much you can borrow, and how it works
Rates, how much you can borrow and the Brampton rules that matter, from a licensed mortgage brokerage.
Written and reviewed by Asim Ali, Mortgage BrokerUpdated 5 November 2026
Licensed: BCFSA (BC) · RECA (Alberta) · FSRA (Ontario) · check our licences
Yes. We arrange private and B-lender mortgages across Brampton, including Bramalea, Springdale, Castlemore, Mount Pleasant and Bram West. In November 2026, private first mortgages in Brampton run about 7.49% to 11.49% and private seconds about 9.49% to 14.99%, interest-only, plus a lender fee and our broker fee, shown in dollars before you commit. Most lenders go to 75% of the appraised value on a first mortgage and 80% combined with a second here. A written commitment usually comes in 1-2 business days and the money in 5-12 business days.
How much can I borrow against my Brampton home?
Private lenders look at what your home is worth today and what you already owe. In Brampton most will lend to 75% of the appraised value on a first mortgage and 80% combined when a second sits behind your current mortgage. Move the sliders to see your own numbers.
You could borrow up to
- Combined loan-to-value
- Likely second-mortgage rate
- Interest-only payment
- Equity you keep
Estimate only, as of November 2026. Lenders use the appraised value, not the assessment. Fees come off the advance.
What are private mortgage rates in Brampton right now?
Rates depend mostly on loan-to-value. The lower your loan against the home, the lower the rate. These are the ranges we see on Brampton files in November 2026.
| Loan-to-value | Private first mortgage | Private second (combined) |
|---|---|---|
| Up to 55% | 7.49-8.49% | 9.49-10.49% |
| 55-65% | 8.49-9.49% | 10.49-11.99% |
| 65-70% | 9.49-10.49% | 11.99-12.99% |
| 70-75% | 10.49-11.49% | 12.99-13.99% |
| 75-80% | Not offered here | 13.99-14.99% |
Interest-only, 12-month terms. Add a lender fee (usually 1-3%), our broker fee (shown in writing first) and about $1,500-2,500 legal. Full rates, fees and APR · All of Ontario
What is the Brampton housing market doing, and why does it matter for your loan?
TRREB, Brampton MLS HPI benchmark prices, October 2026. (trreb.ca) Lenders lend on the appraised value of your own property, not the area figure.
Brampton detached prices fell about 5% and condo apartments almost 10% in the year to October 2026. Households average 3.6 people, the most of any city on this site, so many purchases and refinances pool income from several family members. Main local industries: transportation and logistics (Peel Region is Ontario's trucking hub), manufacturing and retail.
- Brampton's average household size is 3.6 people, the largest of the cities on this site and well above the Ontario average of 2.6. (www150.statcan.gc.ca)
- 52.6% of Brampton households live in single-detached houses and 78.1% own their home. (www150.statcan.gc.ca)
- Brampton requires every additional residential unit (basement or second unit), including older legal non-conforming second units, to be registered with the City. (brampton.ca)
- Brampton reported 20,382 officially registered second units at the end of 2023, after 4,949 were registered that year. (brampton.ca)
- Brampton's population grew 10.6% between 2016 and 2021, while neighbouring Mississauga shrank 0.5%. (www150.statcan.gc.ca)
Who do we help in Brampton?
52.9% of Brampton residents are immigrants and households average 3.6 people, so purchases and refinances often pool income from several family members, some with short Canadian credit histories. Peel is Ontario's trucking hub and about half of its truck-transportation workers are self-employed, so owner-operators with strong revenue but low declared income are common. Owners adding or legalizing a basement unit also need renovation or bridge money. Private and B-lender mortgages can use home equity, bank statements and rental income from a registered second unit where banks will not.
“Nine years on time, and they won't renew me.”
B-lender on bank statements, or a 12-month private first.
How we handle itCheck my options“CRA put a lien on the house.”
The lawyer pays CRA at funding. The lien comes off.
How we handle itCheck my options“I need $120,000 against the house.”
Borrow to 80% combined without touching your first.
How we handle itCheck my options“Will the proposal stop my renewal?”
Both numbers: pay it out, or keep paying.
How we handle itCheck my options“A red notice came by registered mail.”
Pay the arrears and costs inside the window.
How we handle itCheck my options
Which local rules affect a Brampton property?
These rules change what a lender will do, or what a sale or rental is worth. We check them on every Brampton file.
Ontario Land Transfer Tax
Buyers pay Ontario land transfer tax on closing, from 0.5% to 2.5% of the price. First-time buyers can get up to $4,000 back. A refinance does not trigger it. (ontario.ca)
Non-Resident Speculation Tax
Foreign nationals pay an extra 25% when they buy a home anywhere in Ontario. Permanent residents do not. (ontario.ca)
Brampton short-term rental licence
Short-term rental operators need a City licence, may operate only in their principal residence, rental periods must be under 28 consecutive days, and operation is capped at 180 days per calendar year. (brampton.ca)
What happens if a Brampton mortgage goes into default?
In Ontario most lenders use power of sale, which does not need a court order. After 15 days of default the lender can serve a Notice of Sale, and you have at least 35 days to pay what is owed. A private refinance inside that window stops the sale.
Your mortgage is registered electronically in Peel Land Registry Office No. 43 (LRO 43, Brampton). FSRA rules mean you get a written disclosure, with the APR, at least two business days before you sign. If a demand letter or court paper has arrived, read how to stop foreclosure or power of sale and call us the same day.
How does getting a private mortgage work if you live in Brampton?
Form or call. Same-day callback, 8am-8pm Pacific, seven days.
Lender named, rate, fees and APR in writing, usually in 1-2 business days.
A local appraiser visits. You sign with a lawyer near you. Written disclosure two business days before you sign.
Money in 5-12 business days. We write down how you get back to a bank.
Which Brampton neighbourhoods and nearby towns do we cover?
- Downtown Brampton
- Bramalea
- Springdale
- Castlemore
- Mount Pleasant
- Heart Lake
- Fletcher's Meadow
- Sandringham-Wellington
- Credit Valley
- Bram West
- Snelgrove
We also lend in Mississauga, Caledon, Vaughan, Georgetown (Halton Hills), Bolton, and anywhere else in Ontario.
Brampton private mortgage questions
Can I get a private mortgage in Brampton with bad credit?
Yes. Private lenders in Brampton look at your equity, the property and your way out more than your score. Scores under 600, a consumer proposal or CRA arrears are common files. What decides the answer is usually loan-to-value: most lenders here stop at 75% for a first mortgage.
How fast can a private mortgage fund in Brampton?
A written commitment usually takes 1-2 business days. The appraisal in Brampton takes 2-5 days, then both lawyers need a few days. Plan on 5-12 business days from your first call to money in your account. In Ontario you also get a written disclosure at least two business days before signing.
What does a private second mortgage cost in Brampton?
Example: a $100,000 second at about 70% combined loan-to-value, at 11.99% interest-only for 12 months, with a 2% lender fee, a 1.5% broker fee, $1,800 legal and a $450 appraisal. Interest is about $11,990 and fees about $5,750, so the year costs about $17,740, an APR of about 17.7%. Your own numbers come in writing before you commit.
Do I need to visit your office to get a mortgage in Brampton?
No. Brampton files are handled from our Surrey office by phone and video. A local appraiser visits the property and you sign with a lawyer in or near Brampton. Our licence in Ontario is with FSRA; you can check it on the regulator's site.
Do lenders count basement apartment rent in Brampton?
A B-lender often will, and some private lenders do, if the unit is registered with the City. Brampton requires every additional unit to be registered. An unregistered basement unit may not count, and can affect the appraisal.
Can several family members go on one Brampton mortgage?
Yes. Parents, adult children and spouses can all be borrowers or guarantors. Each person's credit and debts count too, so we work out who should be on the application before it goes to a lender.
Other cities in Ontario
Sources. www150.statcan.gc.ca · trreb.ca · brampton.ca · ontario.ca
Talk it through with a licensed broker before you decide
Tell us what is going on in a few lines. We call you back the same day with what lenders will say, what it costs in dollars, and how you get back to a bank. If private is the wrong tool, we say so.
- Your full cost, in dollars, before you commit
- The lender named on your commitment letter
- A written plan to exit within 12-24 months
Asim Ali, Mortgage BrokerSurrey office · BC, Alberta and Ontario
Tell us three things. A licensed broker calls you today.
No credit check. No ID. No date of birth. We ask what a lender decides on: the property, the equity and the deadline.
- 1Same-day call from Asim Ali or a licensed colleague
- 2A range for rate, fees and APR on the call
- 3Written commitment in 1-2 business days if you go ahead
- 4Nothing to pay until the mortgage funds
Asim Ali, Mortgage Broker
Licensed in BC, Alberta and Ontario · (604) 591-3590