New To Canada Mortgages

Sunlite Mortgage has been helping newcomers to Canada achieve their dream of homeownership for over 25 years.

We understand the challenges that come with settling in a new country, and we’ve created tailored mortgage solutions to make the process as seamless as possible. Whether you’re a permanent resident, temporary worker, or non-permanent resident, our programs are designed to help you secure a home, even if you have limited Canadian credit history or employment records.

Who is Considered a Newcomer to Canada?

A newcomer is anyone who has immigrated to Canada within the last five years. If you hold permanent residency status or confirmation of permanent residence from Immigration, Refugees, and Citizenship Canada (IRCC), you qualify as a newcomer.
Sunlite Mortgage’s newcomer mortgage programs also cater to temporary residents, such as individuals with valid work permits. Whether you’re a recent immigrant or a temporary worker, we can help you navigate the process and secure the financing you need to purchase your first home in Canada.

Who is Eligible for a Newcomer Mortgage?

You can qualify for a newcomer mortgage if you meet the following requirements:

• Permanent Residency: You have permanent resident status or official confirmation of PR.
• Social Insurance Number (SIN): Your SIN must not begin with 9.
• Admissible Income: You have verifiable, full-time employment or income in Canada.
• Residency Timeline: You’ve been in Canada for five years or less.
• Credit History: If you don’t have Canadian credit, you can provide an international credit report and proof of consistent bill payments, rental history, or utility payments for the last 12 months.

Temporary residents, including those with valid work permits, are also eligible if they meet additional requirements such as a SIN starting with 9 and Canadian income.

What Documents Are Needed?

To apply for a New to Canada Mortgage, you’ll need to provide:

• Proof of income or employment (e.g., pay stubs, offer letters).
• Bank and savings account statements.
• Down payment proof (e.g., savings, investments).
• Rental payment history or a landlord reference.
• An international credit report if Canadian credit history is not established.

Our mortgage specialists will work closely with you to ensure you have all the necessary documents to make your application smooth and stress-free.

Why Choose Sunlite Mortgage?

At Sunlite Mortgage, we take pride in making homeownership a reality for newcomers. Over the last 25 years, we’ve helped thousands of individuals and families settle in Canada with programs tailored to their unique financial and immigration circumstances. Whether you’re navigating eligibility criteria, building credit, or gathering documents, our team is here to guide you every step of the way.

Common Myths About Newcomer Mortgages

Myth: You need a long Canadian credit history to qualify.
Fact: With Sunlite Mortgage, international credit reports and alternative credit histories are often enough to qualify.
Myth: You must have 20% for a down payment.
Fact: You can secure a mortgage with as little as 5% down, depending on the home’s purchase price.
Myth: Temporary residents can’t apply for mortgages.
Fact: Many of our programs are specifically designed for temporary residents with valid work permits.