Designed to aid those who have recently become residents of Canada via relocation or immigration, qualified homebuyers are eligible to purchase a property for a down payment as low as 5% thanks to Genworth’s New to Canada Program.
To qualify for a New to Canada Mortgage, you will need to provide proof that you’ve been a full-time employee in Canada for three months or longer.
The down payment minimum is 5%, must come from your savings or gifted from a family member. As for credit, the more history the better. Please apply for a credit card or an overdraft on your bank account as soon as possible to start building your credit.
Purchasing a home in a new country can be challenging, but I am here to help every step of the way and ensure you get the best options available!