Qualified homebuyers that have immigrated or relocated to Canada within the last five years qualify under Genworth Canada’s not used to Canada system to acquire a residential property with less than a 5% advance payment.
Find out about the latest To Canada Program with this helpful guide.
Appropriate Loan Purpose and Applicable Loan-to-Value Limits
Buy Deals:
- 95% LTV
- Property value = $500,000 – 5% advance payment needed
- Property value > $500,000 and *For brand brand new construction properties when you look at the regions (Yukon, Northwest and Nunavut Territories) where New Residence Warranty just isn’t an alternative, Lenders must obtain either the occupancy license or a third-party report from an experienced professional such as for instance: an inspector, designer or engineer. Continue reading “A New Comer To Canada ™Program”