Without all of the hassle that the banks five you, there is more time to enjoy yourself, your family, and this beautify Country. Learn more about mortgages for Canadian immigrants by contacting an associate today! Let us help you find the perfect mortgage. Freedom Mortgages Group is making it possible for individuals relocating to Canada to purchase a home sooner with as little as 5% down. Our program helps new Canadians to purchase their first home, build equity and become economically established in Canada. We recognize the significance of multiculturalism in Canada and believe in lending a helping hand to new Canadians. In order to take advantage of our New to Canada program, the borrower must be immigrated or relocated to Canada within 24 months with a minimum of 3 months full time employment in Canada.

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The minimum employment requirement is waived for those being transferred under a corporate relocation program. The person must have a valid work visa or obtained landed immigrant status. All debts held outside the country must be included in the total debt servicing rations and international credit bureaus are required as well as letter of references from your country’s banks. Some further guidelines are that the property which you seek financing for, must be owner occupied and the principle residence. Existing, new construction, purchase and purchase plus improvements qualify for this program.

Verifying credit for new immigrants continues to be a problem for mortgage brokers, and often becomes a deal breaker. Lenders require a credit report for our conventional underwriting, and that can be provided by way of either an acceptable Canadian or US bureau with acceptable beacon score, or on exception an acceptable foreign credit report. Getting a foreign credit report is always both difficult and costly, and the report received is often of nominal value, as few countries have the credit reporting capabilities of US and Canada. Listed as follows are countries that have a foreign credit report that can be obtained and are usable: The United Kingdom, Austria, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Spain, and Sweden. Feel free to visit Experian in order to obtain a copy of a foreign credit report.

We understand that there is never enough time in the day. Our business is built around customer satisfaction and referrals.That’s why we do everything we can to get your application approved, fast! In many cases, when you submit an application online, someone will be in contact with you within the hour!