New to Canada Mortgages in Toronto

Helping Newcomers Build Their Dream Home

Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. & E.O

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Esi Ghassemi - Mortgage Broker at Centum Financial Services Limited Partnership - Brokerage # 13054

Moving to a new country is exciting but can also be challenging, especially when it comes to navigating the mortgage process. At Esi.Mortgage, we specialize in helping newcomers to Canada secure the right mortgage to purchase their first home in Toronto, Richmond Hill, and the Greater Toronto Area (GTA). We simplify the process and provide tailored solutions to fit your unique situation.

What is a New to Canada Mortgage?

A New to Canada mortgage is designed specifically for recent immigrants who may not have a credit history in Canada. These mortgage solutions:

  • Help newcomers purchase a home with minimal hassle.
  • Provide flexible credit requirements.
  • Offer competitive rates and terms.

Eligibility Requirements

While requirements may vary by lender, the general criteria for New to Canada mortgages include:

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Residency Status

Permanent residents, work permit holders, or refugees.

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Down Payment

Minimum 5-10%, depending on the property value and program.

Employment

Proof of stable income or employment in Canada.

Credit History

Flexible options for individuals with limited or no Canadian credit history.

How Esi.Mortgage Can Help

We understand the unique challenges newcomers face and offer services tailored to their needs:

Flexible Mortgage Options:

  • Access to lenders specializing in New to Canada programs.
  • Options with minimal credit history requirements.

Expert Guidance:

  • Assistance with documentation, including proof of residency and income.
  • Advice on building credit in Canada to improve future borrowing options.

Supportive Process:

  • Personalized service to help you understand and navigate the mortgage application process.
  • Quick approvals to help you settle into your new home.

Why Choose Us?

With years of experience helping clients in Toronto, Richmond Hill, and the GTA, we’re committed to making homeownership accessible for newcomers. Our personalized approach ensures that you find the best mortgage solution for your needs.

Transparent & Efficient Process

From pre-approval to closing, I provide clear guidance at every step. I aim to simplify the mortgage journey and empower you with the right financial decisions.

Client-First Approach

I work for you, not the banks. I prioritize securing the most competitive mortgage rates and terms while ensuring a smooth and stress-free process.

Personalized Mortgage Solutions

No two financial situations are the same. I focus on crafting customized mortgage strategies to align with your short-term and long-term goals.

Access to a Wide Network of Lenders

From major banks and credit unions to private lenders, I have the connections and expertise to find the best mortgage solutions tailored to your financial needs.

Industry Expertise & Experience

With over nine years in the mortgage industry, I bring a wealth of knowledge and insights to help clients navigate the complexities of home financing.

Case Study

Homeownership for a Newcomer Family in Ontario

The Goal

A family recently immigrated to Ontario and was ready to purchase their first home. Despite having full-time employment and a 20% down payment saved, they were declined by major banks due to limited Canadian credit history.

The Challenges

  • No Canadian Credit → Recent newcomers with no local credit score
  • Traditional Lenders Declined → Despite stable income and savings
  • Urgent Purchase Timeline → Needed to close within 30 days of finding a home

The Solution

Placed with an alternative lender specializing in newcomer financing

Used international credit + employment letters to support application

Structured a 1-year mortgage term with flexible conditions to establish credit

The Outcome

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Loan Amount:

$520,000 (at competitive rate)

Monthly Payment:

~$2,300

Now building Canadian credit for future refinancing

Closed on time in 3 weeks

Why Work with Esi.Mortgage?

  • We work with lenders who understand New to Canada borrowers
  • Fast approvals, even without Canadian credit
  • Guidance to transition into prime lending within 12–24 months

Our Partners

125+ Five-Star Reviews (4.9 Rating)

Trusted by GTA Homeowners!

Frequently Asked Questions

Can I get a mortgage if I don’t have a Canadian credit history?

Yes, many lenders offer flexible programs for newcomers without a credit history. We’ll help you find the right lender.

The minimum down payment is typically 5-10%, depending on the property value and lender program.

No, individuals with work permits or refugee status may also qualify for New to Canada mortgages.

Some lenders may consider overseas income as part of your application. We’ll guide you through the documentation process.

Start by opening a secured credit card, paying bills on time, and keeping your credit utilization low. We’ll provide additional tips to strengthen your credit profile.