In today’s tightening lending environment, many Ontario mortgage brokers are seeing an increase in clients who simply don’t fit the banks’ credit score requirements. Even borrowers with strong equity and stable income are being turned away solely because of a low or thin Beacon score.
That’s where Tembo Financial comes in.
Unlike traditional lenders, Tembo does not require a minimum Beacon score to review or approve a deal. Instead, we use a common-sense, real-world approach to lending — helping brokers save more files, serve more clients, and close more deals.
Below, we break down why Beacon scores have become such a hurdle, what this shift means for brokers, and how Tembo can help you navigate credit-challenged files with speed and confidence.
Over the past year, banks and credit unions across Ontario have significantly tightened credit requirements. Even modest blemishes — late payments, old collections, high utilization — can drop a client below the acceptable Beacon threshold.
This has created a growing gap between:
Many of these clients aren’t “bad borrowers” — they’re facing temporary situations, rebuilding their credit, or have strong equity but imperfect histories. Ontario brokers are seeing this trend firsthand: more clients who could qualify based on assets and property are instead being declined because of credit score minimums.
Tembo Financial removes this barrier entirely.
Whether your client experienced a life event, is new to Canada, or simply had a rough year financially, Tembo evaluates the whole picture. Equity, property value, repayment ability, and real-world circumstances matter far more than an algorithmic number.
With Beacon score restrictions rising across the industry, brokers need reliable private lending partners who can step in quickly. Tembo helps you:
Instead of letting a credit score derail an otherwise strong file, Tembo gives you a viable alternative.
Banks are slow and cautious right now. Tembo provides same-day reviews and fast commitments — perfect for time-sensitive closings.
Borrowers rejected for credit reasons often feel discouraged. Offering a flexible solution builds trust and long-term relationships.
As renewals and refinances stay challenging, brokers who can offer alternative options will win more clients.
Consider Tembo for clients with:
If the story behind the client makes sense, Tembo is ready to take a look.
Tembo offers a wide range of flexible financing products tailored for Ontario brokers:
Every file receives transparent pricing, fast closings, and common-sense underwriting — making it easier for brokers to move deals forward with confidence.
A growing number of Ontarians are finding it harder to qualify with banks, even when they have strong equity or stable financial footing. As a broker, your clients rely on you to find solutions — not roadblocks.
By removing minimum Beacon score requirements, Tembo empowers brokers to deliver:
If you have a scenario you’d like us to review, our team is always available to help.
Submit a deal today for a same-day review — and let’s help your clients move forward.