Mortgage for Newcomers to Canada

Genworth and CMHC insured financing options allow permanent or non-permanent newcomers to Canada to buy their own home.

Qualified newcomers can buy their own home through financing with as little as 5% down-payment option. The program helps individuals build on their equity and credit line and become economically established citizen.

Financing Features

  • Financing for individuals living in Canada for less than 3 years
  • Standard product premiums – No additional fees
  • No minimum income requisite
  • Up to 95% LTV (Loan-To-Value) for permanent residents
  • Up to 90% LTV for non-permanent residents
  • Low down payment – as low as 5%
  • Different rate mortgage plans – Flexible, fixed, variable
  • No requirement of minimum period of residency

Documents Required

  • Income certificate – a letter from your employer
  • Valid work permit or landed immigration status proof
  • Purchase & sale agreement
  • Confirmation of down payment
  • Proof of credit – letter from Canadian Credit Bureau or an International Credit Bureau letter or from the bank you transaction with.
  • 12 months bank statement which can be verified.

Golden Financial, with a team of experts and a network spanning a large pool of lenders, helps clients who are new to Canada; realize their dream of owning a home. We work comprehensively and in-depth to provide best mortgage plan and lowest rate possible.