NEW TO CANADA – PROGRAM BASICS
The New to Canada Mortgage allows qualified home buyers who have immigrated to Canada from another country, or have been transferred here by an employer, to qualify for mortgage insurance with as little as a 5% down payment.
- No credit history in Canada required
- Only 3 months of full time employment history in Canada required to qualify
- Valid work permit or verification of landed immigrant/permanent status required
- Clients must be in Canada not more than 5 years to be considered under this program.