One application. 3 lenders.
Apply Now One application routed to where you qualify.
Every Apply button starts the same single application. Your chosen lender is prioritized first.
Three in our network. They lend $25,000 to $10 million against the equity in your home. Rates start at 4.09%, and none of the three publishes a ceiling. All three pay out within a week, and all three consider poor credit, because the home carries the loan. The income minimum is $1,500 a month.
| Lenders | |
|---|---|
| Lend against home equity in Alberta | 3 |
| Lowest published rate | 4.09% |
| Pay out within a week | 3 |
| Consider poor credit | 3 |
| Income minimum | $1,500 a month |
| Amounts | $25,000 to $10,000,000 |
Published lender terms, checked August 2026.
Our application reaches all three and goes to the lender most likely to approve the amount you enter. Alberta's mortgage lenders are on the mortgages in Alberta page, and every home equity lender we work with is on the home equity loans in Canada page.
Usually up to 80% of your home's value. A second mortgage counts that 80% against the appraised value, minus the balance of your first mortgage. So on a $500,000 home with $300,000 still owing, the room is about $100,000. A home equity line of credit is capped lower, at 65% of the home's value.
The lender has the home appraised and lends against that figure, not the price you paid. A bigger first mortgage means less room, whatever the home is worth.
The home first, then the income. Poor credit does not rule you out with any of the three, because the equity covers the risk. Income of $1,500 a month is the lowest any of the three accepts, and the lender wants to see it arriving regularly. Expect an appraisal, proof of what you still owe, and a check that the home is insured.
Reviewed by Vlad Sherbatov, Co-Founder and President, Smarter Loans, 13 October 2026. Lender terms checked August 2026.
Three lenders in our network do, lending $25,000 to $10 million at rates from 4.09%. All three pay out within a week.
Yes. All three lenders consider poor credit, because the loan is secured on your home. The published income minimum is $1,500 a month.
Usually up to 80% of the home's appraised value, less what you still owe on your first mortgage. A home equity line of credit is capped at 65%.
All three lenders pay out within a week. The appraisal is the slow part, so have your mortgage statement ready when you apply.
