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9 May

How To Get A Mortgage Without Any Established Canadian Credit

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If you’re new to Canada, welcome! We’re happy to have you and will be even happier when you can buy your first home here. Unfortunately, getting a mortgage without any established Canadian credit isn’t something that’s particularly easy to do unless you know exactly how to do it. However, it can be done if you follow our guidelines.

Here’s how to get a mortgage when you don’t have any credit in Canada:

  • Get your documents in order:

    Whether you have just moved to this country or have been here for a year, make sure you have proper documentation. You will need identification such as a driver’s license, passport or other photo ID. This is simply to prove you are who you say you are. You will also need an employment record from your current employer. If you are not currently employed then you will need a record from a previous employer.

  • Find a property to purchase:

    An important part of the mortgage process is finding the right property. The ideal Canadian home is one that has much value. A real estate agent can help you determine which property has the most equity now and will give you the most equity over time.

  • Talk to a mortgage broker:

    You may think that talking to a big Canadian bank will get you approved for a mortgage but that is not the case. If you do not have any established Canadian credit, the big banks will make you take out a credit card from their institution. Then you will have to build up your credit score before they will even consider offering you a mortgage package. This takes time and will delay you from buying your first Canadian home. Instead, visit a mortgage broker like Private Lend; we do not rely on credit to secure mortgages for our clients. We rely on the value of the property since that is worth more.

  • Come up with a down payment:

    Generally, down payments should be 5% of the property’s total value. However, if you are new to Canada you may not be able to come up with those funds quickly and may need to borrow from a relative or friend. Either way, we can help you since we work with people who are new to the country and are looking to purchase their first home here.

Starting a new life in a foreign country can be daunting but we want to make that easier on you by helping you secure a mortgage. specializes in all things mortgages so whether you have good credit, no credit or credit from somewhere other than Canada, we can help.



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