Welcome to Canada! You have come to a beautiful country filled with opportunity. At Mortgages by Barb, we understand that getting settled in a new country is not easy, but we are here to help you put down roots and move towards your goals of homeownership.

new to canada mortgageThe process of securing a home loan or mortgage in Canada can seem overwhelming. Mortgages by Barb is here to coach you through the required steps and help you understand all your options. We will work with you as you search for a new home in Fort McMurray!

Mortgages for New Canadian Immigrants in Alberta

New Canadians should not be deterred from pursuing home ownership. Mortgages by Barb is here to help new Canadian immigrants in Alberta secure mortgage loans. While the process can seem daunting, many new Canadians are surprised to learn they have a variety of options available to them. In fact, new Canadians can borrow money at very competitive rates and only have to provide a small percentage down payment.

Whether you are a landed immigrant or non-landed immigrant in Canada on a work visa, employed or not yet employed but have been granted or applied for immigrant status, we are here to find you the best mortgage options for your unique situation. We source mortgage rates from a variety of lenders to find you the lowest mortgage rates for new Canadians in Fort McMurray!

New to Canada Mortgage Program: Qualifying for a Mortgage as a New or Non-Resident

Many new Canadians are surprised to learn they do not have to wait years to purchase a home. Depending on your immigrant status, if you have been in Canada for less than 5 years, and if have been employed in Canada for a minimum of three months (standard probationary period), you can qualify for a New to Canada Mortgage.

The documents you will need to move forward with the mortgage application include a letter from your employer, a recent pay stub, an International credit report (Equifax or Transunion) demonstrating a strong credit profile OR two (2) alternative sources of credit demonstrating timely payments (no arrears) for the past 12 months. The two alternative sources required are:
  • Rental payment history 
  • One other alternative source (hydro/utilities, telephone, cable, cell phone and auto insurance)

 

At Mortgages by Barb, we want to help make settling in your new Canadian home as easy as possible. We are here to answer any questions you may have and help you find the best rates and best mortgage options to secure your new home! Contact us today to learn more about your options.

For more information or any questions you may have about mortgage pre-approval, give me a call at 780-370-1490 or contact me to discuss further or fill out the form below to get in touch with me about your mortgage solutions: