New to Canada? All new beginnings start with a step. Let us take it with you.
At Red Key Mortgage, we are dedicated to making the Canadian dream of homeownership accessible to non-permanent residents. We understand that navigating the mortgage process in a new country can be overwhelming, and we’re here to simplify it for you. Our team specializes in helping non-residents secure mortgages, ensuring a smooth and transparent experience from start to finish.
One of the key resources we leverage is CMHC’s Newcomer program, designed specifically for individuals new to Canada. This program allows newcomers with a limited credit history in Canada to qualify for a mortgage, making it easier to purchase a home. With options for both permanent and non-permanent residents, the CMHC Newcomer program provides flexibility and support, even if you’re still establishing your financial footprint in Canada.
The minimum down payment requirement under this program is as low as 5% for homes valued up to $500,000. For homes priced above this amount, a 10% down payment on the portion exceeding $500,000 is required. This makes it more accessible for newcomers to step into the housing market without the burden of an extensive upfront cost.
Our personalized approach means we take the time to understand your unique situation, offering tailored advice and solutions that align with your goals. Whether you’re looking to buy your first home or invest in property, we have the expertise to guide you through every step of the process.
At Red Key Mortgage, we believe in building long-lasting relationships with our clients. Our commitment to helping non-residents secure mortgages in Canada is just one way we demonstrate our dedication to your success. Let us help you turn your Canadian homeownership dreams into reality.
Contact us today to learn more about how we can assist you in making Canada your home.