Mortgage Loans for Newcomers

If you are a newcomer to Canada and are looking to get a mortgage for a house you want to buy, Urgent Mortgages Inc. can help you secure that mortgage. As a newcomer to Canada, it can be challenging to secure a mortgage from a bank. Luckily, the Canadian real estate market is brimming with opportunities. Canadian citizens and permanent residents having down payment as low as 5% can qualify for a regular mortgage using credit insurance from CMHC, Canada Guarantee, or other similar programs.

As a permanent resident, Urgent Mortgages Inc. can help you access mortgages from a variety of lenders with down payments as low as 5% subject to certain conditions. The CMHC insured financing program allows competitive interest rates, and greater affordability, with a flexible repayment plan.

Newcomers to Canada with non-resident status can also access mortgages up to 90% loan-to-value ratio when buying residential properties in Canada using CMHC credit insurance products.

Canadian Citizens Living Abroad

Urgent Mortgages Inc. can help Canadian Citizens living abroad to secure mortgages subject to down payment of 35%. The down payment has to be in the bank account for a minimum of 90 days and cannot be made in the form of a gift. You will have to provide proof of credit from the Canadian Credit Bureau or an international credit bureau, alongside proof of income from your current employer, with a detailed financial history.

First-Time Homebuyers

Buying your first home is an exciting yet challenging commitment, primarily because taking out a mortgage impacts your financial budget. Urgent Mortgages Inc. can help you make secure a mortgage according to your situation and needs.

Understanding the mortgage market is important, and we urge all first-time homebuyers to focus on building a strong credit score and financial history. The stronger your credit score and financial reputation, the easier it will be to enjoy an affordable mortgage. Urgent Mortgages Inc. works with you to help you become a first time home buyer.
At Urgent Mortgages Inc., we facilitate newcomers with permanent and non-permanent resident status and first-time homebuyers with a comprehensive and convenient mortgage securing process. We can help you undertake all the right steps to be eligible for a suitable mortgage, and speed up the mortgage approval process.

Much as the name implies, we help first-time homebuyers and newcomers urgently secure their mortgage, and work their way towards realizing their homeownership dreams.

Feel free to get in touch with our team for a free consultancy session to learn more about how Urgent Mortgages Inc. can assist with your home buying decision.