December 7, 2021 | Posted by: Rosie Capellan

Manitoba is becoming a new home for many immigrants.

Despite the freezing winters, the warmth of the people and the development opportunities that the province offers, makes it a primary destination for many families.

Being a newcomer is something I understand first-hand as I moved to Canada a decade ago and have seen the difficulties some immigrants / newcomers face in obtaining a home loan.

Fortunately, in Canada we have programs that help newcomers achieve the purchase of their first home. If you have a work visa or permanent residence, guaranteed income and a credit history in Canada, you are eligible to apply for a mortgage with as little as a 5% down payment.

If you don't have established credit in Canada, you can qualify for a home loan by demonstrating credit worthiness in other ways:

• Proof of rent payments on time.

• Bank statements showing regular payments to utilities, telephone bills, cable, insurance premiums.

Get in touch today to learn more about how you can qualify for your first home, with as little as a 5 percent down payment.

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