Mortgage for Newcomers

Are you new to Canada? Have you recently moved to Canada within the last 60 months but do not have established Canadian Credit Bureau history. If so, you could be eligible for a mortgage under the New to Canada Mortgage program. To find out how much you can afford for a home, try our online mortgage calculator.

To qualify for a mortgage under this program you:

  • Must have immigrated or relocated to Canada within last 60 months
  • 3 months’ minimum full-time employment in Canada.

Borrowers who have been transferred to Canada under relocation programs are considered on an exceptional basis.

Required Documentation

  • Purchase and Sale Agreement including all addendums, and MLS listing (if applicable).
  • Standard income confirmation
  • Confirmation of Landed Immigrant Status (Permanent Residency Card).
  • Preceding 12-month history of rent paid in Canada and 12-month history of 2 regular obligations (e.g. monthly).
  • Proof of Borrower Meeting Rental and Regular Obligations:
    • Rent – Supporting bank statements and letter signed by landlord indicating:
      • Date the tenant moved in
      • Monthly rent amount
      • Amenities included in the rent
      • Payment history

If you are new to Canada, this is a great program to look into before you start the home buying process. You can contact us here to learn more about this program. and to discuss the options available to you.

Our Sunlite Mortgage agents will walk you through the choices available and help you identify the most suitable mortgage product; all while looking at your short to medium term goals.

Call Sunlite Mortgage agent today at 1.877.38LOANS and we will be happy to help you with a mortgage.

Apply Today, Approved Today 3 Simple Steps

    • 1. Apply Online or call 1-877-38LOANS
    • 2. Get Pre-Approval as easy as 1-2-3
    • 3. Get Pre-Approved, Start Home Shopping.