New Immigrants

If you are a newly landed immigrant you can still qualify for a mortgage. In most cases lenders will require a larger down payment—25 to 35 per cent—than they would from an established Canadian citizen, but in this case, you do not have to provide proof of employment or an established Canadian credit history. Each lender looks at new immigrants differently. Our knowledge of the particular guidelines of each lender, combined with our access to a wide variety of different lenders, means we can offer unparalleled advice and provide the best service for new immigrants.

If you are a new immigrant and can provide proof of income to service the mortgage, many lenders will provide the mortgage with as little as 10 per cent down. As with the larger down payment mortgages, the lenders do not require an established Canadian credit history, as most immigrants will not be able to meet that criteria.
 

Depending on the lender they may also require some of all of the following information: 

• International credit bureau report
• Six to twelve months of payments deposited with the lender
• Bank reference from the country of origin
• Confirmation on date of  landing or of legal status in Canada
• Proof of income (if applicable).
  
   

We have extensive experience outlining all the mortgage options available to new immigrants and helping them establish home ownership in Canada in a very hassle-free manner. After the mortgage completes, we continue to work with them to establish all the necessary paperwork so that the next time they apply for a mortgage, the process will be much simpler.