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No Money Down Mortgage

Legacy page

Important Note: Because of recent regulatory changes, the No Money Down mortgage product is no longer available. This page has been left in place for historical reference purposes only. Click the following link if you would like to apply for a different mortgage product.

If you have any questions about how to obtain a mortgage, please contact one of our qualified mortgage agents through the "Contact Us" link on the menu above, or by clicking here.

No Downpayment Mortgage

Yes there is a new mortgage in Canada that will allow you to finance 100% of your new home purchase. You can also use this mortgage product to refinance up to 100% of your homes value for renovations, debt consolidation etc.

Here is how it works:

  • The mortgage is 100% of the properties appraised value
  • You must have a clean credit history (No previous bankruptcies and any late payments in the last two years)
  • You must have good job stability (two years in the same line of work is preferred)

That’s it! Rates are currently as low as 7.15% (yes — this is higher than the rates posted elsewhere on our site, but given that you need no down payment, plus you can start building equity, this may be worth your while.)

Home ownership may be closer than you think!

Many young families can afford a mortgage payment, but with the high cost of living it can be very difficult to save for a down payment. So why rent when you can own? Start building your EQUITY today!

Click here to apply for a first-time homebuyer mortgage Please fill out our easy to use online mortgage approval application and become a home owner today! If you have any other questions regarding the No down Mortgage please fill out our contact form.
Click here to get the lowest mortgage rates.
Last Updated
Monday, October 19, 2020

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