Mortgages for Newcomers to Canada
As a newcomer, you can qualify for a mortgage without a Canadian credit history. I work with lenders who have newcomer programs and help you show your income and savings.
Why newcomer programs exist
Lenders usually rely on Canadian credit history, and new arrivals haven't had time to build one. Newcomer programs use other proof of financial reliability instead, and they generally apply within your first few years in Canada.
What I look at
- How long you've been in Canada and your status documents
- Your employment and income, including a new job offer
- Funds from overseas, and showing how they arrived in Canada
- Your down payment, which is often larger under newcomer programs
How it works
- Start with your goalWe talk about your plans, your arrival date, your income and your savings.
- Find the right programI match you with lenders that offer newcomer options.
- Prepare your fileI help you document your funds and history for the lender.
I want you to know what I know, so we make an informed decision together. My aim is a relationship that lasts longer than your mortgage.
Newcomer Document Checklist
A one-page list of the documents newcomers usually need for a mortgage.
Common questions
Can I get a mortgage without Canadian credit history?
Yes. Several lenders offer newcomer programs that use alternative proof of financial reliability.
Can I use savings from outside Canada?
Often yes, but lenders need to see the money is yours and how it was transferred.