No Income Verification Mortgage Lenders: Canada 2025 Guide

No‑income‑verification mortgages (often called stated‑income or “no‑doc” loans) don’t mean “no income”. In Canada, they’re equity‑based mortgages where approval hinges mainly on your property value and available home equity rather than T4s, NOAs or rigid debt‑service ratios. Lenders confirm that payments are feasible using alternative evidence such as bank statements, liquid assets, rental income or a clear exit strategy. These products are typically offered by private lenders and some alternative (“B”) lenders; big banks rarely offer them because of OSFI rules and internal risk policies.

This 2025 guide shows you exactly how these mortgages work, who they suit, and where to find reputable lenders across Canada. You’ll see current LTV limits, rates, fees and terms, province‑by‑province availability, the documents you still need, and the quickest way to apply and fund. We’ll also flag risks, smarter alternatives, and practical tips to compare quotes with confidence—so you can choose the right lender first time. First up: how they work in Canada.

How no income verification mortgages work in Canada

At their core, these are equity‑based loans. No income verification mortgage lenders prioritise your loan‑to‑value over traditional documents like T4s or NOAs, using a current appraisal to size the mortgage and alternative evidence to confirm you can handle payments. With private lenders (not subject to OSFI’s B‑20 stress test), approval is driven by property value, location and available equity, typically up to about 75% LTV for no‑doc/equity deals, with tighter caps for rural or unique properties. Capacity can be shown via bank statements, liquid assets, rental leases, or by structuring prepaid/interest‑only payments and a clear exit strategy. Credit still matters, but mainly for pricing rather than qualification.

Quick triage: A short application and recent mortgage statement trigger a same‑day review; many lenders issue decisions within 24 hours.
Appraisal‑led sizing: A certified appraisal sets the maximum advance (commonly capped near 75% LTV with private funds).
Offer and terms: One‑year (sometimes two‑year) terms, interest‑only or prepaid options, and fees disclosed up front.
Due diligence: Title search, property taxes and CRA status checked; modest document list compared to banks or B‑lenders.
Closing and funding: Legal instructions, registration and wire—often funding within days once appraisal and title are clear.

Who these mortgages suit (and who they don’t)

If your T4s and NOAs don’t tell the full story of your cash flow, equity‑based approvals can be a smart bridge. No income verification mortgage lenders look for strong collateral and a credible way to cover payments, then price the deal accordingly. They shine when speed, simplicity and property value matter more than traditional underwriting, but they aren’t a fit for every borrower or every property.

A good fit for: self‑employed owners with heavy write‑offs; commission/tip earners with fluctuating income; real estate investors; newcomers with assets; retirees living off savings; credit‑challenged owners consolidating debt; time‑sensitive purchases/refis that need fast funding; borrowers with a clear exit back to A‑ or B‑lenders.
Usually not a fit for: buyers needing high‑ratio insured mortgages; owners with little or no equity; properties in remote or hard‑to‑market areas; anyone chasing the very lowest bank rates or long fixed terms; borrowers with no demonstrable cash flow to service even interest‑only payments; unresolved tax arrears with no plan.

Lender types and where to find them

Canada’s ecosystem for stated‑income lending spans banks, alternative lenders and private capital. No income verification mortgage lenders are primarily private firms that size loans on equity and property marketability, while “Alt‑A” (B‑lender) programmes offer stated‑income routes with lighter documentation than banks. Your best path is to map the lender type to your goal, timeline and available equity, then shop terms.

A‑lenders (banks): Rare for no‑doc; OSFI B‑20 and bank policies mean full income verification is usually required.
B‑lenders/Alt‑A: Stated‑income options with filed taxes and bank‑statement support; commonly up to about 75% LTV (sometimes 80% with in‑house products).
Private lenders/MICs: Equity‑first underwriting with typical caps near 75% LTV; fast 24‑hour reviews, interest‑only or prepaid structures.
Where to look: Use a broker who specialises in private/MIC deals; shortlist regional private lenders that publish max LTVs, fees and timelines; verify licensing and independent reviews before you sign.

Next, a 2025 snapshot of availability, regulation and trends by province.

Canada 2025 snapshot: availability, regulation and trends

In 2025, availability is solid nationwide through private capital and selected Alt‑A programmes. OSFI’s B‑20 stress test keeps big banks largely out of true no‑doc lending, so most approvals come from no income verification mortgage lenders that size loans by equity, not T4s. Typical private caps sit near 75% LTV on equity deals, while B‑lenders offer stated‑income options commonly around 75–80% LTV, with some purchase programmes advertising up to 90% LTV where income is stated and supported. Property value and location remain key drivers.

Regulatory reality: Banks rarely participate; Alt‑A requires filed taxes and clean CRA status; private lenders are not subject to B‑20.
Underwriting shift: Equity and marketability lead; alternative proof of capacity (bank statements, assets, rents) supports terms.
Speed-to-fund: 24‑hour reviews and fast closings are standard with private capital once appraisal and title are clear.
Structure trends: Interest‑only and prepaid/reserve payment options remain popular to stabilise cash flow.
Use cases: Debt consolidation, bridge financing and self‑employed scenarios dominate demand.

Eligibility and underwriting checklist

Even when income isn’t verified, approvals rest on hard evidence. No income verification mortgage lenders focus on equity, property marketability and a practical way to cover payments. Use this checklist to line up what private and Alt‑A lenders expect so you can move from inquiry to offer in days.

Equity and appraisal: Current, lender‑approved appraisal to size the loan; private caps commonly near 75% LTV, lower for rural/unique properties.
Title and taxes: Clean title or disclosed liens/writs; property taxes current or a plan to clear them at closing; CRA status reviewed.
Property basics: Address, occupancy, type and condition; marketable location is prioritised.
Capacity substitutes: Recent bank statements, liquid asset statements, rental leases, or other cash‑flow evidence in lieu of T4s/NOAs.
Credit profile (for pricing): Recent mortgage/rent history and overall credit guide the rate/fee, even if not used to qualify.
Payment structure: Interest‑only or prepaid/reserve payments set from proceeds to stabilise cash flow.
Exit strategy: Credible path back to A/B financing or sale within the term.
Insurance and ID: Valid home insurance binder at closing and government‑issued identification.
Programme nuances (Alt‑A): Stated‑income options generally expect filed taxes and no amounts owing to CRA.

Have these ready and most private lenders can issue terms within 24 hours of appraisal and title review.

Loan-to-value limits by scenario (owner-occupied, rental, rural, second vs first)

Loan-to-value (LTV) is the lever that sizes your approval. With private, equity‑based no income verification mortgages, national caps commonly cluster around 75% LTV, set by a fresh appraisal and the property’s marketability. Where you’re adding a second mortgage, lenders assess the total stack: Total LTV = (first mortgage balance + new mortgage) / appraised value. Rentals and rural/unique properties are often trimmed below the headline cap; urban, owner‑occupied homes in marketable areas tend to price closest to it. Alt‑A “stated income” programmes can stretch higher with more documentation.

Scenario	Typical max LTV (guidance)	Notes
Owner‑occupied, urban/suburban (private, no‑doc)	Up to ~75%	Appraisal‑driven; fastest path with no income verification mortgage lenders.
Rental/investment (private, no‑doc)	Up to ~75% but often reduced	Marketability, leases and location influence final cap.
Rural/unique properties (private, no‑doc)	Below private headline caps	Lender appetite varies; expect tighter limits.
Second mortgage (private, equity‑based)	Total LTV usually capped near ~75%	First + second cannot exceed the cap.
First mortgage (private, equity‑based)	Up to ~75%	Similar cap; may price slightly better than seconds.
Alt‑A stated‑income refinance	~75–80%	Filed taxes and clean CRA status typically required.
Alt‑A stated‑income purchase	Up to ~90% (select programmes)	More paperwork than true no‑doc; programme‑specific.

Rates, fees and terms you can expect in 2025

Pricing in 2025 is risk‑based. Alt‑A “stated‑income” programmes generally price below pure private funds because they still review taxes and supporting statements, while equity‑only private deals carry a premium for speed and flexibility. No income verification mortgage lenders set rates mainly from collateral strength and marketability rather than T4s; seconds usually price higher than firsts, and shorter terms are the norm. Expect most offers to centre on 12‑month terms (sometimes 24 months), with interest‑only or prepaid options to stabilise cash flow.

What drives your rate: LTV and lien position (first vs second), property type/location and resale strength, credit/payment history (for pricing, not approval), loan purpose (purchase, refinance, debt consolidation), and documentation strength (Alt‑A stated‑income can price better than true no‑doc).
Fees to budget for: Lender fee and, where applicable, broker fee; appraisal; legal registration and title insurance; admin/processing; potential renewal/discharge costs. Rush closings or complex title issues can add to legal/appraisal spend.
Term and flexibility: Commonly 12 months with renewal options; open/early payout and prepayment privileges vary by lender and are disclosed up front. Align the term with your exit back to A/B financing or a planned sale.

Payment structures: interest-only, prepaid and reserve options

Cash flow is often the hinge on which equity‑based approvals turn. That’s why no income verification mortgage lenders commonly pair their offers with flexible payment structures that match your timeline and exit strategy. The goal is simple: keep monthly obligations predictable (or even nil) while you consolidate debt, renovate, stabilise a rental, or transition back to A/Alt‑A financing. Each structure prices off LTV and property marketability, not T4s, and should be chosen to fit your plan, not the other way around.

Interest‑only: Lowest monthly outlay; preserves cash while you execute your refinance, sale or renewal.
Prepaid (capitalised interest): Payments funded from the advance so you make none during the term; reduces net proceeds.
Payment reserve/holdback: A set number of months escrowed at closing; reserve = monthly interest × months.
Blended approach: Partial reserve plus lower interest‑only payments; useful when timing is uncertain.

Choose the option that supports your exit and keeps total LTV within the lender’s cap.

Documents you still need (even when income isn’t verified)

Even without T4s or NOAs, approvals rely on clear evidence of who you are, what you own, and how funds will be secured and repaid. No income verification mortgage lenders focus on the asset and equity, but they still run due diligence on title, taxes and insurance, and may ask for alternative proof of cash flow to structure payments and price the deal.

Government ID: Valid photo identification for all applicants.
Mortgage and tax status: Recent mortgage statement(s) and latest property tax bill.
Home insurance: Current binder or proof to be arranged before closing.
Appraisal: Lender‑approved appraisal (ordered via the lender/broker).
Title and legal: Title search, payout statements for debts to be cleared, and your lawyer/notary details.
Credit consent: Soft/hard pull for pricing and risk—credit informs rate, not equity qualification.
Bank/assets evidence: Recent bank statements or liquid asset statements; rental leases if applicable.
Strata/condo docs (if applicable): Basic strata/condo documents the lender requests.
CRA items (Alt‑A/stated income): Filed taxes and confirmation no amounts owing to CRA.

Have these ready and most private lenders can move from review to firm terms within days.

Step-by-step: how to apply and get approved fast

Speed comes from clarity and completeness. No income verification mortgage lenders move quickly when equity, property details and your exit plan are clear up front. Have your basics ready, respond same‑day, and green‑light the appraisal promptly to keep the file moving.

Share the essentials: address, estimated value, mortgage balances, loan amount, purpose, occupancy, and your exit strategy.
Pre‑screen in 24 hours: lender/broker checks total LTV, pulls credit for pricing, and confirms the property fits lending appetite.
Gather core docs: photo ID, recent mortgage statement(s), latest property tax bill, insurance details, and any leases/bank statements.
Authorise the appraisal: lender orders a compliant report to size the loan; be available for quick access.
Review terms: you’ll receive rate, fees, LTV cap, term length and payment structure (interest‑only, prepaid, or reserve).
Engage your lawyer/notary: title search, payout statements and insurance binder are coordinated for closing.
Sign and fund: once title is clear and conditions are met, funds are wired—often within days with private no income verification mortgage lenders.

Pro tip: confirm how many months you want reserved or prepaid before you sign; it affects proceeds and peace of mind.

From appraisal to closing: funding timelines explained

Once your file passes the initial review, the clock starts with the appraisal and title work. With no income verification mortgage lenders, speed hinges on fast access for the appraiser and a clean title. Urban properties with recent comparable sales and straightforward payouts can move from appraisal to wire in days; rural or unique homes, strata reviews, or clearing arrears can add time. Your role is to keep every party (appraiser, broker, lawyer, insurer) moving at the same pace.

Appraisal ordered: Access arranged; report sets maximum advance and LTV.
Conditional offer updated: Terms finalised on receipt of appraisal and title search.
Legal instructed: Lawyer/notary gathers payout statements, confirms taxes/insurance, prepares registrations.
Conditions satisfied: You approve payment structure (interest‑only/prepaid/reserve) and sign.
Funding: Lender wires to your lawyer; disbursements made—often within days once appraisal and title are clear.

British Columbia: lender options, typical max LTVs and timelines

British Columbia is well served by equity‑based and stated‑income options. Most true no‑doc approvals come from private capital that sizes loans by appraisal and equity; Alt‑A programmes (via select non‑bank lenders) offer stated‑income when taxes are filed and CRA is clear. In practice, no income verification mortgage lenders in BC prioritise marketable properties and fast, common‑sense underwriting.

Lender landscape: Private lenders/MICs for equity‑only approvals; Alt‑A for stated‑income with supporting bank statements and filed returns.
Typical max LTVs: Private/no‑doc up to about 75% LTV; Alt‑A stated‑income refis around 75–80%; select purchase programmes advertise up to 90% (programme‑specific).
Seconds vs firsts: Total LTV (first + new loan) usually capped near ~75%.
Timelines: 24‑hour file reviews are common, offers often arrive within one business day, and funding follows in days once appraisal and title are clear.
Property notes: Urban/marketable homes see the strongest appetite; rural or unique properties may carry tighter caps and pricing.

Alberta: lender options, typical max LTVs and timelines

Alberta borrowers have steady access to equity‑based approvals via private capital and select Alt‑A programmes. Banks rarely do true no‑doc. Alt‑A stated‑income usually needs filed taxes and bank‑statement support, while private no income verification mortgage lenders size loans by appraisal and equity. Local guidance indicates approvals without traditional proof of income are typically capped near 75% LTV, and some files at higher LTVs may require 12 months of prepaid interest. Expect 24‑hour reviews and funding in days once appraisal and title are clear.

Typical max LTVs: Private ~75%; Alt‑A ~75–80%.
Seconds: Total LTV (first + new loan) usually capped near ~75%.
Property notes: Rural/unique homes see tighter caps and pricing.

Ontario: lender options, typical max LTVs and timelines

Ontario borrowers can access a wide range of equity‑based approvals through private capital and selected Alt‑A programmes. Big banks rarely offer true no‑doc loans, so most fast approvals come from no income verification mortgage lenders who size the deal by appraisal, equity and marketability. In Alt‑A, stated‑income deals are available when taxes are filed and supported by bank statements, with clean CRA status. Urban markets (GTA, Ottawa, Hamilton and surrounds) see the strongest appetite and quickest turnarounds.

Lender landscape: Private lenders/MICs for equity‑only; Alt‑A for stated‑income with support.
Typical max LTVs: Private up to ~75%; Alt‑A refis ~75–80%; select purchases up to ~90%.
Seconds vs firsts: Total LTV (first + new loan) usually capped near ~75%.
Timelines: 24‑hour reviews; funding in days once appraisal and title are clear.
Programme notes: Alt‑A expects filed taxes and no amounts owing to CRA.
Property notes: Urban/marketable homes price best; rural/unique properties face tighter caps.

Quebec: lender options, typical max LTVs and timelines

Quebec has steady access to equity‑based private capital and selected Alt‑A stated‑income programmes. Big banks seldom do true no‑doc, so most fast approvals come from no income verification mortgage lenders who size the deal by appraisal, equity and marketability. Alt‑A options are available where taxes are filed and CRA status is clear, with bank‑statement support. Urban markets (Greater Montréal, Québec City and surrounds) generally see the strongest appetite and quickest turnarounds.

Lender landscape: Private lenders/MICs for equity‑only approvals; Alt‑A for stated‑income with supporting documents.
Typical max LTVs: Private up to ~75%; Alt‑A refis ~75–80%; select purchases up to ~90% (programme‑specific).
Seconds vs firsts: Total LTV (first + new loan) usually capped near ~75%.
Timelines: 24‑hour reviews; funding in days once appraisal and title are clear; closings typically handled by a notary.
Property notes: Urban/marketable homes price best; rural/unique properties face tighter caps and pricing.
Documentation cues: Photo ID, recent mortgage statement, property tax bill and insurance; Alt‑A expects filed taxes and no amounts owing to CRA.

Prairies and territories: lender options, typical max LTVs and timelines

Across Manitoba, Saskatchewan and the territories, equity‑based approvals come mainly from private capital and select Alt‑A; big banks rarely do true no‑doc. Appetite follows marketability: Winnipeg, Regina and Saskatoon see faster turnarounds; remote and northern communities face tighter caps and slower appraisals. No income verification mortgage lenders size by appraisal and equity, with seconds constrained by total LTV.

Lender landscape: Private lenders/MICs for equity‑only; Alt‑A stated‑income where available.
Typical max LTVs: Private ~75%; Alt‑A ~75–80%; seconds limited by total LTV near ~75%.
Timelines: 24‑hour reviews typical; remote appraisals/title logistics can add days.
Property notes: Rural/acreage/manufactured/northern homes often see tighter caps and pricing.

Atlantic Canada: lender options, typical max LTVs and timelines

Across Nova Scotia, New Brunswick, Newfoundland and Labrador, and PEI, equity‑based approvals are mainly delivered by private capital sizing loans on appraisal and marketability; no income verification mortgage lenders handle most fast approvals. Select Alt‑A stated‑income options exist in larger centres when taxes are filed and CRA is clear. Island, rural and coastal properties often see tighter caps or slower appraisals.

Typical max LTVs: Private up to ~75%; Alt‑A ~75–80%.
Timelines: 24‑hour reviews; funding in days once appraisal/title are clear; slower in remote areas.
Property notes: Strongest appetite in Halifax, Moncton, St. John’s and Charlottetown; rural/coastal/seasonal properties face tighter caps and pricing.

Common use cases and strategies that make sense

When your equity is strong but paperwork isn’t, equity‑based approvals can solve real problems quickly. No income verification mortgage lenders excel where timing, consolidation and flexibility matter more than T4s, letting you stabilise cash flow and create a clean route back to A/Alt‑A financing once taxes are filed and credit improves.

Debt consolidation: Pay off high‑interest cards/loans to lower monthly outlay; set interest‑only or prepaid payments for stability.
Bridge financing: Cover a purchase or down payment before your sale completes—size to Total LTV ≤ ~75%.
Self‑employed funding: Smooth uneven income, invest in inventory/marketing, or season bank statements ahead of Alt‑A.
CRA/property tax clean‑up: Clear arrears at closing to unlock better pricing and future lender options.
Renovation/value add: Fund targeted upgrades that improve marketability and appraisal, then refinance out.
Investor moves: Stabilise a rental, finish suites, or restructure seconds to improve DSCR before renewing with Alt‑A.
Spousal buyout/settlement: Use equity to complete buyouts on tight timelines with minimal income docs.

Pair each use case with a defined exit strategy and the right payment structure (interest‑only, prepaid or reserve) to protect proceeds and hit your timeline.

Risks, red flags and how to protect your equity

Equity‑based approvals trade price for speed. Used well, they’re a smart bridge; used poorly, they can erode your equity. Before you sign with no income verification mortgage lenders, pressure‑test the term, total LTV and exit so you’re not forced into an expensive renewal or sale.

Short terms, renewal risk: Twelve‑month terms can roll over at higher pricing if your exit slips. Build a realistic runway and reserves.
Over‑leveraging above ~75% LTV: Higher leverage shrinks options and can trigger prepaid interest requirements that reduce net proceeds.
Fee drag and hidden costs: Insist on a written fee sheet (lender, broker, legal, appraisal, admin) before appraisal is ordered.
Prepayment surprises: Clarify penalties, discharge fees and whether interest is simple or compounding during arrears.
Title/tax issues: Unresolved liens, property tax or CRA arrears can stall funding and worsen pricing—plan to clear them at closing.
Red‑flag behaviours: Guaranteed approvals regardless of equity, pressure to sign blank forms, or large upfront fees before a written conditional offer.

Protect yourself by capping total LTV conservatively, choosing the right payment structure (interest‑only, prepaid or reserve), verifying the lender’s licensing, using an independent lawyer/notary, and locking a credible exit back to A/Alt‑A before your term ends.

Alternatives to no income verification mortgages

If equity‑only lending isn’t the right fit, you still have options that may cost less or better match your goals. Many of these rely on stated income or alternative documentation rather than full T4/NOA packages, and they can stretch LTVs with the right support. Here are credible paths to explore before you commit to offers from no income verification mortgage lenders.

Alt‑A stated‑income (B‑lenders): Use filed taxes, bank statements and clean CRA status; typical refi caps around 75–80% LTV, with some purchase programmes up to ~90%.
Insured Business‑for‑Self (Alt‑A): Mortgage‑insurer backed options designed for self‑employed borrowers without traditional income proofs.
Asset‑based/declared‑income loans: Banks/B‑lenders price sharper when you verify taxes and show liquid assets or business deposits.
Reverse mortgage (retirees): Unlock equity with minimal payment obligations on principal residences.
Bridge financing: Short‑term funds to complete a purchase before your sale closes, sized conservatively to LTV.
Keep the first, add a modest second: If your first is competitive, a smaller, short‑term top‑up can reduce overall cost while you prepare for Alt‑A.

How to compare quotes and choose a reputable lender

Don’t compare on rate alone. With equity‑based offers from no income verification mortgage lenders, your decision should hinge on net advance, structure, and certainty of funding. Read every term sheet line‑by‑line and normalise quotes to the same LTV, term length and payment structure so you’re comparing like‑for‑like.

Net advance and total cost: Compare what you actually receive after costs and reserves. net_advance = gross_loan - lender_fee - broker_fee - legal - title_insurance - appraisal - reserves/prepaid_interest - payouts
Explicit LTV and lien position: Confirm the cap and whether it’s a first or second; ensure total LTV fits your exit plan.
Full fee sheet: Insist on written lender/broker fees, renewal/discharge charges, and admin/default fees.
Prepayment and renewal terms: Check penalty method, renewal fee, and default interest; avoid surprises.
Payment structure options: Interest‑only vs prepaid/reserve should be available and clearly priced.
Funding timeline and conditions: Appraisal panel, title requirements, tax/CRA expectations, and expiry date of the offer.
Reputation and licensing: Work with established private or Alt‑A stated‑income lenders; verify registration and independent reviews; use your own lawyer/notary.

Broker or direct-to-lender: which route is best?

It depends on your file and how much shopping you want to do. With equity‑based approvals, pricing and structure can vary widely across no income verification mortgage lenders and MICs. A specialist broker can match your LTV, property type and exit strategy to the right funder, surface multiple offers, and coordinate appraisal/legal so you fund faster. Going direct can trim a broker fee, but you’ll only see one set of terms—and many private lenders work exclusively through brokers.

Use a broker when: you need a second mortgage, rural/unique property, title or tax clean‑up, reserves/prepaid structuring, or want competitive quotes from several lenders.
Go direct when: your file is straightforward (urban, marketable, conservative LTV), you’re a repeat client with a known private lender, or you already have firm terms.
Whichever route: insist on a full fee sheet, clear LTV cap, payment structure options, prepayment/renewal terms, and a written funding timeline.

Next: answers to the most‑asked questions.

FAQs: no income verification mortgages in Canada

Here are clear, straight answers to the questions borrowers ask most about no income verification mortgages in Canada. Use this to sanity‑check offers from no income verification mortgage lenders and to prepare what you’ll need for a fast approval.

Can I get a mortgage with no income at all? You still need a way to cover payments; interest‑only, prepaid or reserve structures can help, but “zero income” isn’t approved.
What LTV can I expect? Private equity deals typically cap near ~75% LTV; Alt‑A stated‑income refis around ~75–80%, with some purchase programmes up to ~90% (programme‑specific).
First vs second mortgage? Seconds price higher and total LTV (first + second) usually can’t exceed ~75%.
Will lenders check credit? Yes—mainly for pricing and terms; equity drives qualification.
How fast can I close? Many private lenders review in 24 hours and fund in days once appraisal and title are clear.
What documents are still required? ID, appraisal, recent mortgage statement, property tax bill, insurance; Alt‑A usually needs filed taxes and no amounts owing to CRA.
Are banks an option? Big banks rarely do true no‑doc because of OSFI B‑20; access is mainly via private and Alt‑A lenders.
What can I use the funds for? Purchases, refinances, debt consolidation, bridge needs, and clearing arrears at closing.
Do newcomers or self‑employed borrowers qualify? Yes—when equity and alternative capacity evidence (bank statements, assets, rents) are strong.

Apply with Private Lender Inc. for an equity-based second mortgage

Ready to unlock your home equity without T4s? Private Lender Inc. is a direct private lender specialising in equity‑based second mortgages across Canada. We size approvals by appraisal and total LTV, not payroll slips, and can structure interest‑only, reserve or prepaid payments. If you’re comparing no income verification mortgage lenders, our process is fast, transparent and built to fund in days.

Share essentials: address, estimated value, first‑mortgage balance, amount, purpose and exit plan.
24‑hour pre‑screen: we confirm fit and issue indicative terms.
Appraisal ordered: we set your maximum total LTV (typically up to ~75%).
Legal/title coordinated: taxes, insurance and payout statements arranged with your lawyer/notary.
Sign and fund: proceeds are wired to your lawyer for disbursement.

Have photo ID, recent mortgage statement and property tax bill ready to accelerate closing.

Key takeaways

No‑income‑verification mortgages in Canada are equity‑based: your property’s value and marketability drive approval and LTV, not T4s or NOAs. Private options typically cap around 75% LTV and fund fast, while Alt‑A stated‑income programmes often reach 75–80% on refinances and, in some purchase cases, higher with more documentation. Terms are short, structures are flexible, and your exit strategy is as important as the appraisal.

Equity first: Approval is collateral‑led; income is supported via alternatives or payment structure.
Typical caps: Private ~75% LTV; Alt‑A refis ~75–80%; select purchases can be higher, programme‑specific.
Terms and payments: Mostly 12 months; interest‑only, prepaid or reserve options stabilise cash flow.
What to have ready: ID, mortgage statement, tax bill, insurance, appraisal; credit informs pricing.
Protect your equity: Demand full fee transparency, verify licensing, and lock a realistic exit.

Ready to act? Start your equity‑based second mortgage with Private Lender Inc at myprivatelender.com.