416-785-2725 info@kemfinancial.com

Mortgage for New Canadian Immigrants

Being new immigrant in Canada doesn’t mean you have to wait for 2-3 years to be eligible for home loans. If you are employed for more than 3 months, you are eligible for a mortgage unlessyou have been transferred to Canada as part of a corporate relocation program. 

Lenders also want to see a history of credit repayment, so if you can provide an international credit report form Equifax or Transunion, or bank references from your country of origin, you will strengthen your mortgage application. Establishing a Canadian credit history is another important step, and applying for a credit card is a good way to start this process.

For non-landed immigrants

Non-landed immigrants who are employed for at least three months and who can meet the same credit/alternative credit guidelines can qualify for up to 90% financing. If you’re in this group, you are limited to purchase transactions (no refinances) and to single-unit primary residences. Also, the lender may want to confirm that you have applied for landed status.  

Find out if you can be approved for Mortgage

We can provide you in-depth knowledge  and you might be approved for mortgage and get your dream home in North America. Give us a call, send text message or schedule a free consultation to find out. 

Schedule a Free Consultation

11 + 10 =