New to Canada Mortgages
Welcome home! Lenderoo shops 40+ lenders and connects newcomers to Canada with a top mortgage professional to achieve your dream of homeownership - free, and on your side.
Your Journey to Homeownership Starts Here
Making the move to Canada is a bold and exciting step. Whether you've just arrived or have been building your life here, owning a home is more than just a financial milestone—it's about creating a place where your dreams can flourish and your family can thrive.
We understand the unique challenges newcomers face when navigating the Canadian mortgage system. That's why we've dedicated ourselves to making homeownership accessible and achievable for people just like you. From your first inquiry to the moment you receive your keys, we're here to guide you every step of the way.
Start building equity, establish your roots in Canada, and create lasting memories in a home that's truly yours. Your Canadian dream is within reach, and we're here to help you achieve it.
Who Qualifies?
Those who have received their permanent resident status in Canada
Valid work permit holders with stable employment in Canada
International students with co-signers who are Canadian citizens or permanent residents
Those with accepted refugee claims and proper documentation
New to Canada and purchasing your first Canadian home
Canadian citizens who have been living abroad and are returning home
Key Benefits
No Canadian Credit History Required
We understand you're new to Canada. We can work with your international credit history and employment.
Flexible Down Payment Options
Down payments as low as 5% for qualifying newcomers, with various sources accepted.
Competitive Interest Rates
Access to the same great rates as established Canadians through our lender network.
Expert Guidance
The mortgage professionals in our network specialize in helping newcomers navigate the Canadian mortgage process.
Requirements Comparison
- Permanent Resident card or Confirmation of Permanent Residence (COPR)
- Valid passport
- Employment letter or job offer in Canada
- Minimum 5% down payment
- Proof of down payment source
- Valid work permit with at least 12 months remaining
- Valid passport
- Current employment in Canada
- Minimum 10% down payment (typically)
- Proof of income and employment stability
Minimum Down Payment Requirements
| Purchase Price | Minimum Down Payment | Example |
|---|---|---|
| Up to $500,000 | 5% | $25,000 on a $500,000 home |
| $500,000 to $999,999 | 5% on first $500K + 10% on remainder | $45,000 on a $600,000 home |
| $1,000,000 and above | 20% | $200,000 on a $1,000,000 home |
*Work permit holders may require higher down payments depending on lender requirements
Documentation Needed
Identity Documents
- Valid passport
- Permanent Resident card or COPR (if applicable)
- Work permit (if applicable)
Income Verification
- Employment letter from Canadian employer
- Recent pay stubs (last 2-3 pay periods)
- Job offer letter (if recently employed)
- Notice of Assessment from CRA (if available)
Down Payment Proof
- Bank statements (last 90 days)
- Gift letter (if applicable)
- Proof of sale of foreign assets (if applicable)
- Wire transfer documentation
Success Stories from Newcomers Like You
"We never thought we could own a home so quickly after arriving in Canada. The team understood our situation perfectly and helped us navigate the entire process. Within 6 months of landing, we had the keys to our first home in Mississauga. It felt like a dream come true!"
"As a single mom on a work permit, I was worried about qualifying for a mortgage. But the team found a solution that worked for my situation. Now my daughter has her own room, and we're building our future in Vancouver. I'm so grateful for their expertise and patience."
"I brought funds from Nigeria for my down payment and was concerned about the documentation requirements. The team guided me through every document needed and made the wire transfer process smooth. I closed on my Calgary condo just 4 months after my permanent residency was approved!"
Questions & Answers
Frequently Asked Questions
Straight answers for newcomers to Canada on credit history, down payments from abroad, and qualifying for a mortgage soon after you arrive.
Ready to Make Canada Your Home?
Let's discuss your unique situation and find the perfect mortgage solution for you.