New to Canada Mortgage
New To Canada Mortgage

New To Canada Mortgage

The New to Canada Mortgage program is for mortgage applicants who has immigrated or relocated to Canada in the last 5 years. They must meet the criteria of a qualified home buyer, would be eligible to purchase a property with as little as a 5% down payment. They would be eligible for the same discounted mortgage rates as any other borrower.

This program is available to permanent and non-permanent residents. A permanent resident is someone who has been given permanent resident status in Canada but is not a Canadian citizen. A non-permanent resident is someone legally authorized to work in Canada and has been granted a work permit.

There are minimum credit requirements and the insurers may consider alternative method to establish the borrowers credit worthiness in the absence of sufficient credit history from a Canadian credit reporting agency.

Frequently Asked Questions

You will have to be a permanent resident, employed for at least 3 months and not be on probation and to be eligible for a new to Canada mortgage.


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