New to Canada Mortgages
Are you new to Canada and require a Canadian mortgage to purchase your own home? Then SAFEBRIDGE is here to help.
We have helped many newcomers to Canada get approved for a Canadian mortgage.
If you have permanent Canadian resident status or just a valid Canadian work permit we know exactly how to put together your application so that you will be quickly approved for a mortgage in Canada.
We help make the process simple and easy for you.
By utilizing the Canadian Mortgage and Housing Corporation (CMHC), “Newcomers to Canada” program, you can realize your dream of owning your own home in Canada.
Newcomer to Canada highlights
- You may purchase a home with as little as 5% down payment (for newcomers with permanent resident status) and as little as 10% down payment for non-permanent status.
- Credit worthiness can be determined by alternative sources of payment history. For permanent residents where there is limited Canadian credit history available,. confirmation of rent or room and board payments for the previous 12 months will be considered. For non-permanent residents a letter of reference from your financial institution may be used.
- No minimum period of residency required.