New to Canada and hoping to buy a home?
If you are new to Canada and want to become a homeowner here, The Mortgage Advisors offer a variety of solutions that allow you to purchase property whether you have landed status or are here on a work visa.
- Newcomers with permanent residence status can purchase a home with as little as 5% down payment.
- Newcomers with non-permanent resident status purchase of a one-unit, owner-occupied residential property with as little as 10% down payment.
- Non-residence lending is a program for Canadians living abroad and non-Canadian Citizens that wish to purchase a property in Canada with 35% down payment.
Even if you don’t have an established credit rating or history in Canada or a significant down payment, there are lots of options that will help you achieve the dream of owning a home. As a new Canadian, let us help streamline the mortgage process for you, from counseling on credit, to obtaining credit references from foreign banks, to confirming foreign income. We’ll advise you on the documents you need to apply for a mortgage, and then present your financial history to the lender or lenders that can best meet your needs.