New immigrants to Regina play an increasing role in Regina’s future population growth, creating new market opportunities. Mortgage financing is available to borrowers with permanent and non-permanent residence status, helping newcomers to realize their dream of home-ownership in Canada. It is possible to own a home with as little as 5% down payment.
We will walk you through the entire process from start to finish. We are here to make sure you get the best rate and product possible for your first home in Canada.
The quickest and easiest way to get pre-approved is to fill out our online mortgage application. One of our mortgage brokers will contact you to ask any questions they might have and from there we can tell you exactly how much you can spend on your first home.
Must have immigrated or relocated to Canada within the last 36 months
3 months minimum full time employment in Canada (borrowers being transferred under a corporate relocation program are exempt)
Must have a valid work permit or obtained landed immigrant status
For 95% LTV, down payment must be from own resources. For LTV’s less than 95%, the remainder may be gifted from an immediate family member or from a corporate subsidy.
All debts held outside of the country must be included in the total debt servicing ratio (Rental income earned outside of Canada is to be excluded from the GDS/TDS calculation)
Quick Mortgage Pre-Approval
A pre-approval will determine how much you can spend!
Why you should get pre-approved…
The first step in the home buying process is to obtain a mortgage preapproval from a bank or lender. A pre-approval is simply a rate hold, typically for 120 days. This allows you to shop for a home without the risk of interest rate changes. The pre-approval also provides you with a purchase price for which you can shop. One of our mortgage brokers will help you acquire the pre-approval so you are confident you have the best product.