New Canadian, New Home

As a new Canadian, buying a home is part of settling into your new life. If you have immigrated or relocated to Canada within the last five years, you may qualify for the New to Canada program. If eligible, you can purchase a property with as little as 5% downpayment.

Here is What you need to qualify:

• Borrowers must not be prohibited from purchasing a property under the "Prohibition on the Purchase of Residential Property by Non-Canadians Act"
• Borrowers must have a valid work permit or permanent residency
• Borrowers must have a minimum of 3 months full-time employment in Canada (those transferred under a corporate relocation program are exempt) Underwriting Policies and Standards thumbnail with Sagen logo
• Proof of Income
• A letter of reference from a recognized financial institution
• If downpayment is less than 20%. proof of credit worthiness with either an international credit report, or the previous years history of bill payments.

Immigration to a new country is tough. there lots to adjust to, but having a place to call home and a space you can retreat to can help. As part of your home buying journey, reach out to me to discover whether you can qualify today.