Mortgage solution
Newcomer mortgage
No Canadian credit isn’t the same as bad credit, and several lenders have programs designed for exactly that situation.
Build a file with limited Canadian history
Your immigration status, Canadian employment and proof of rent or utility payments. Some lenders also accept a banking reference letter from your country of origin in place of a credit history.
Choose the right lender
Some lenders have programs or criteria that suit newcomers better. Mathieu compares the requirements before submitting, so you don’t get refused over a short history when your real capacity is fine.
Prepare proof of funds
Money sent from abroad needs a documented trail: where it came from, when it arrived and in whose name. Funds that have sat in a Canadian account for 90 days raise far fewer questions.
Documents to gather
What the lender will ask for.
- Status in Canada
- Employment proof
- Bank history
- Down payment source
- Canadian credit
- Debts and obligations
Frequently asked
Can I buy without a Canadian credit history?
Yes. Several lenders offer newcomer programs, sometimes asking for a larger down payment. Open a credit card when you arrive and pay it in full every month, and you build a usable file in under a year.
Current rates
Today’s rates, with the fine print.
These rates are indicative. Yours depends on your file, the type of mortgage (insured or not) and the lender. And look at the penalty too, it matters as much as the number.
Have your file reviewed before you commit.
Have my file reviewedFinancing types
Pick the situation closest to yours.
Contact
Tell Mathieu about your project
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.
- Your request goes directly to Mathieu
- Across Quebec, in French and English
- No fee on most residential files