Qualified homebuyers that have immigrated or relocated to Canada in the last 5 years are eligible under Genworth Canada’s not used to Canada program to get a home with as low as a 5% advance payment.
Find out more about the brand new To Canada Program with this helpful guide.
Appropriate Loan Purpose and Applicable Loan-to-Value Limits
- 95% LTV
- Home value = $500,000 – 5% advance payment needed
- Property value > $500,000 and *For brand new construction properties when you look at the territories (Yukon, Northwest and Nunavut Territories) where new house Warranty is certainly not an alternative, Lenders must obtain either the occupancy license or perhaps a third-party report from a professional professional such as for example: an inspector, architect or engineer. Continue reading “Not Used To Canada ™Program”