What mortgage options are available for new immigrants?
There are a number of guidelines that govern lenders approvals. As a new immigrant without an established credit history or a beacon score, this can sometimes create challenges. There are an assortment of products available, however, that are dictated by down payment (LTV), debt ratios (GDS/TDS), previous credit, as well as the ability to provide proof of income whether you are a regular employee or self employed that will help a new immigrant get a mortgage. To better understand what you may qualify for, feel free to contact us and we will research your financing options for you.
