Financing for New Immigrants

Helping New Canadians own their home sooner and become economically established in Canada

Up to 95% financing for a home for yourself.

You need verification of landed immigrant status or a valid work permit

You need to be employed in Canada prior to applying for a mortgage with a minimum of 3 months full time employment and not on probation
Canadian credit is not required but you need one of the following:

• International Credit Report
• Bank Reference from your country of origin - Bank Manager's Note
• Alternative reference confirmation ( Utility Bills, Verification of rent, etc)

In addition to the down payment you should have:

• 1.5% of the purchase price for closing costs (lawyer, appraisal, transfer tax, etc.)
• You should have the subject removal deposit set aside in cash - can be gifted or borrowed

You should contact a mortgage broker that is familiar with immigration issues.