top of page
Happy Twins

New to Canada  

A mortgage program for permanent or temporary residents (who can show confirmation that they have already applied for permanent residency) and have:

  1. immigrated or landed less than 5 years ago (note you need to take possession of the home BEFORE this 5yr mark)

  2. is working full time

  3. qualifies under standard lender and mortgage insurer guidelines, other than in the area of credit (see below). For more information on the approval process please click here

What About my Credit?

I haven't been able to establish much for credit, if any at all, can I still apply?

Yes. We can then use what is called "alternate credit" where we get a confirmation of your payment history via: letter from insurance co, telus, shaw, epcor, landlord... and/or bank statements to show your regular payments. Sometimes we are able to pull a credit report from the country of origin (most commonly attainable if from USA). 


As a standard in Canada and after your 5yr mark, the credit advised to have for a mortgage is:

  • 2 pieces of active credit

  • that credit in place for 2 yrs 

  • min $2,500 limits

Online Shopping
Working at Home

What do I need to know?

What do I need for down payment on a home?
5% down for home under $500,000.

The Costs
​There are standard closing costs inherit with any property transaction. The mortgage lender will request to see you have .50% to 1% of the purchase price ready to cover closing costs. Most times, 1% is much too high for what we actually pay in Alberta (other parts of Canada pay a lot more). You don't give this money to the lender, you just need to show you have it. 

I would love to help. 

This information isn't a surprise to our clients. Be one of them. 

bottom of page