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Welcome to Canada

Mortgages for Newcomers to Canada

Take the first step to owning a home.

A beautiful new country, are you looking for a new home to go with it? We'll help you land a mortgage that works (better). There are new restrictions and requirements for buying a home until at least 2025 — we can help you sort out the details.

How It Works

  1. Call us or apply online
    Talk to one of our friendly advisors to help us understand your situation and your goals.
  2. Follow our process
    Follow our simple yet effective process to qualify for the best offers.
  3. Receive your funds
    Once you sign your paperwork, the funds will be released usually within 5-8 business days.

Features of the Newcomer mortgage programs

  • Newcomers with permanent resident status have access to all CMHC, Sagen and Canada Guaranty mortgage insurance products (subject to product-specific eligibility requirements).
  • For permanent residents, where there is limited Canadian credit history and where foreign credit bureaus are not available, alternative sources of payment history may be considered for Loan-to-Value (LTV) ratios up to 95%.
  • Newcomers with non-permanent resident status are subject to federal eligibility requirements and may have access to insured financing of up to 90% LTV ratio for the purchase of a 1-unit, owner-occupied residential property.
  • No additional fees or premiums as a result of residency status — standard product-specific premiums apply.

Benefits of these programs

  • Access to Homeownership. Newcomers with permanent residence status can purchase a home with as little as 5% down payment.
  • Competitive Interest Rates. Access to insured financing, and as a result, competitive interest rates from many banks in Canada.
  • Availability. Coast-to-coast-to-coast, with no set maximum loan amount.

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