Immigrants

New Immigrants to the Calgary area that are looking to buy a home and get a mortgage will discover that it is not as difficult as they might have initially thought.

CMHC Newcomers to Canada
With Permanent Resident Status

Helping Newcomers to Canada Access Homeownership
Newcomers to Canada with permanent residence status have access, through Approved
Lenders, to all CMHC Mortgage Loan Insurance products.

Features:
Access to all CMHC purchase and refinance products for 1-4 unit residential
properties (subject to product specific eligibility requirements), excluding
CMHC Self-Employed Simplified
No minimum period of residency required
No additional fees or premiums as a result of residency status – standard
product specific premiums apply
Where there is limited Canadian credit history and where foreign credit
bureaus are not available, CMHC continues to consider alternative sources of
payment history

Newcomers to Canada Benefit:
? Access to Home Ownership – CMHC continues to be flexible when
considering applications that do not meet traditional underwriting
requirements.
? Competitive Interest Rates – Access to CMHC insured financing, and
as a result, competitive interest rates.
? Availability – Available coast-to-coast-to-coast with no set maximum
loan amount.