Mortgages for Newcomers to Canada

Moving to Canada is exciting but buying your first home here can feel overwhelming.

We make it simple, clear, and stress-free, so you can focus on starting your new life.

Can Newcomers Get a Mortgage?

Yes! Whether you’re a permanent resident, temporary worker, or have a valid work permit, you can qualify for a mortgage in Canada. We connect you with lenders who understand the unique needs of newcomers and help you find a mortgage that works.

How Much Down Payment Do You Need?

Permanent residents: You can purchase a home with as little as 5% down (subject to eligibility and home price limits).

If your down payment is under 20%, mortgage insurance may be needed, and we’ll guide you through that too.

What Makes Newcomer Mortgages Different?

• Flexible documentation: Even if you don’t have Canadian credit history, alternative proof of income or payment history can be considered.
• Access to competitive rates: We compare multiple lenders to ensure you get the best rate possible.
• Expert guidance: From pre-approval to closing, we handle the details, so your mortgage process is smooth and stress-free.

How It Works

1. Check your eligibility – We review your residency status, income, and documentation to see which mortgage options fit you best.
2. Get pre-approved – Know how much you can borrow and lock in your best rate before house hunting.
3. Choose your mortgage – Fixed or variable, short-term or long-term we’ll help you pick the right product.
4. Apply with confidence – We gather your documents and submit your mortgage application to the lender.
5. Close your home – Once approved, your lawyer transfers the funds, and you get the keys to your new home.

Example:

Tariq recently moved to Canada from Dubai and wanted to buy his first condo. He didn’t have Canadian credit history, but with our help, he secured a mortgage using his overseas income and savings. The result? He was able to move into his own home quickly, giving him a comfortable place to settle down and start his new life in Canada with confidence and ease.

Ready to buy your first home in Canada?

Get Pre-Approved Now | Talk to a Mortgage Expert | Compare Your Options