Qualified homebuyers that have relocated or immigrated to Canada within the past 5 years meet the criteria under Genworth Canada’s a new comer to Canada system to get a house with as low as a 5% advance payment.
Find out about the brand new To Canada Program with your helpful guide.
Appropriate Loan Purpose and Applicable Loan-to-Value Limits
- 95% LTV
- Home value = $500,000 – 5% advance payment needed
- Home value > $500,000 and *For brand new construction properties into the regions (Yukon, Northwest and Nunavut Territories) where new house 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 example: an inspector, designer or engineer. Weiterlesen