New Canadians Mortgage
The Welcome to Canada Mortgage is for new immigrants who established their residence in Canada within the last 10 years and are unable to meet normal guidelines. For those clients who have not established credit history in Canada, we require a satisfactory credit reference from a financial institution or a letter of reference from a former employer from the country of origin. The client must have a Canadian Permanent Resident Card or Canadian Immigration Visa or Canadian Immigration ID with official stamp and entry date. The down payment must be a minimum of 25% and come from their own with resources. No income verification is required for this product.