Own your home in canada
New to Canada Mortgage Solutions
I can help you realize your dream of home ownership with our New to Canada Mortgage program. I have the right solutions available to my permanent and non permanent residents.
Newcomers can purchase a home with as little as 5% insured financing or as much as 35-50% down depending on the program.
Documents Required
Documentation/Information Requirements
- Valid work permit or verification of landed immigrant status
- Six months of bank statement from primary account
- International Credit report
OR
- Two alternative sources of credit demonstrating timely payments (no arrears) for past 12 months
permanent resident (no employment)
Only Applies to PR with No Employment *
Qualified immigrants who have relocated to and established residency in Canada within the last 5 years and have no derogatory Canadian credit history.
Borrower's Qualification
- Mortgage application must be within 5 years of the date the applicant arrived in Canada
- Borrower must have obtained landed immigrant status
- Not available to diplomats or any other foreign political-appointed individuals who do not pay income tax in Canada
Maximum Loan to Value
65%
Offshore assets being used for the down payment must be on deposit with a Canadian financial institution at least 30 days before the closing date.
Borrower Documentation Requirements
Verification of landed immigrant status, provided by one of the following:
- A document in the applicant’s name, issued by Citizenship and Immigration Canada, which bears an official stamp and identifies an entry date within the last 3 years, such as Immigrant Visa and Record of Landing (IMM1000) or Confirmation of Permanent Residence Form (IMM 5292/IMM 5688),
- A Permanent Resident Card (PRC)
- Copies of both a valid immigration visa, plus evidence that the customer’s Application for Permanent Residence in Canada (IMM008) has been approved