New to Canada Mortgages
No Canadian credit history yet? That doesn't mean no mortgage. We know the lenders who work with newcomers.
What this covers
Many newcomers assume they need years of Canadian credit history before qualifying for a mortgage — that's not true. Several lenders offer newcomer programs that consider international credit history, employment letters, and even foreign income in some cases.
Whether you arrived last month or two years ago, we'll find a program that fits where you actually are.
Who it's for
- Permanent residents and newcomers to Canada
- Work permit holders building Canadian credit
- Anyone with limited or no Canadian credit history
- Newcomers unsure whether they qualify at all
How Nestwell helps
- Match you with lenders that have dedicated newcomer programs
- Explain exactly what documentation replaces Canadian credit history
- Guide you on minimum down payment rules for newcomers
- Support you in plain language through every step
Typical requirements
Valid PR card or work permit, proof of employment or income, and a minimum 90 days in a Canadian bank account for some programs — requirements vary by lender.
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Common newcomer questions
Not necessarily — several lenders have newcomer programs that consider international credit history and employment records instead.
Often a minimum of 5–10%, similar to other buyers, though this varies by lender and how established you are in Canada.
Yes, in many cases. Some lenders have specific programs for work permit holders — we'll confirm what you qualify for.
In some cases, yes — it depends on the lender and how the income can be verified. We'll walk through your specific situation.
Start building your life in Ontario
Free, no-obligation assessment — no Canadian credit history required.