With no Canadian credit history, the lender falls back on what it can verify: immigration status, job stability here, how big the down payment is. Newcomer programs are looser on credit but ask for more down.
Documents before comparison
Your immigration status and work permit, the Canadian employment letter and pay stubs, three months of statements for the down payment. If the money came from abroad, proof of the transfer and where it originated. A credit history from your home country helps with some lenders, but it doesn’t replace one from here.
Income documents
Two years of notices of assessment, recent pay stubs and an employment letter. The lender trusts what your tax records show, not what lands in your account. Income that shows up nowhere doesn’t exist for a purchase in Drummondville.
Income period reviewed in Drummondville
Depending on where the income comes from, the file in Drummondville may need the current year, a two-year average, or just confirmation of employment.
Supporting records
Notices of assessment, tax returns, financial statements, pay stubs, deposit records. Have it all ready before you make an offer. That’s what lets you work with a short financing condition, since the delay nearly always comes from a third party who hasn’t sent their paper yet.
Lenders that can assess the file
With no Canadian credit history, the lender leans on your immigration status, how stable your job is here, and your down payment. Programs exist: looser on credit, tighter on down payment.
To prepare
What to gather.
Borrower profile
Income records
Credit history
Available funds
Property or project
Lender eligibility
Frequently asked
Can the file be reviewed remotely?+
Yes. Phone, email or video call, with documents sent online. We can meet in person if you’d rather, but most files get done without anyone driving anywhere.
Can I buy without Canadian credit history?+
Yes. Newcomer programs exist, with looser rules on credit and stricter ones on down payment. Immigration status and job stability here count for more in that case.
Buying, renewing, refinancing, or something a bit out of the ordinary: tell us where you’re at, even if it’s still fuzzy. Mathieu gets back to you with next steps and the documents to pull together.
