New to Canada or No Credit History? We Say Yes.
You don't need a long credit history to buy a home in Ottawa. We specialize in mortgages for newcomers, recent graduates, and those with thin credit files.
Welcome Home. We Turn "No Credit" Into Approved.
Traditional banks often reject applications from people with no credit history, even if they have good jobs and savings. We believe a lack of history shouldn't stop you from owning a home in Ottawa.
Whether you just arrived in Canada or are buying your first home after graduation, our New Credit Mortgage programs look at your future potential, not just your past history.
Start Your ApplicationWho We Help
Helping those with "thin" or "new" credit files get into the Ottawa housing market.
Newcomers to Canada
Permanent Residents and Work Permit holders often struggle with credit checks. We have access to specific newcomer programs that accept alternative credit sources.
Recent Graduates
Just finished school and started your first job? You might not have a long credit history yet. We help you use your projected income to qualify.
Thin Credit Files
If you've never used credit cards or loans, your score might be "0". We work with lenders who understand that no debt is actually a good thing.
What is a New Credit Mortgage?
A New Credit Mortgage is designed for individuals who have the income and down payment to afford a home but lack the traditional Canadian credit history (Beacon Score) that banks usually require.
Unlike "Bad Credit" mortgages which imply missed payments, "New Credit" simply means the history doesn't exist yet. Because of this distinction, we can often secure very competitive interest rates by using Alternative Lending guidelines or Newcomer Programs insured by Sagen/CMHC.
We build your application using:
- Alternative credit sources (Rent payments, Utility bills, Phone bills).
- International credit reports from your home country.
- Proof of savings and employment contracts.
- A 12-month interest-only term to give you breathing room.
- Higher down payment options (if needed) to bypass credit checks entirely.
Whether you are in Kanata, Downtown Ottawa, or Barrhaven, we help you skip the years of "building credit" and move straight to homeownership.
Benefits of Buying Now
Don't wait years to build a credit score while house prices rise.
⚡ Stop Renting
Why pay off someone else's mortgage? Start building your own equity immediately upon arrival in Ottawa.
🛡️ Build Credit Fast
A mortgage is the best way to build a Canadian credit score. Make your payments and watch your score soar.
🤝 Newcomer Programs
Access exclusive lender programs designed specifically for immigrants and new residents.
📉 Competitive Rates
Lack of credit doesn't always mean high rates. Many clients qualify for "A" lender rates with proper documentation.
🗓️ Flexible Proof
We can use 12 months of rental history or foreign bank statements to prove your reliability.
🇨🇦 Local Guidance
We guide you through the entire Canadian home buying process, from pre-approval to getting your keys.
How It Works
A simplified path to homeownership for new residents.
Consultation
We review your status (Work Permit/PR), employment, and savings to find the best program.
Alternative Proof
We gather alternative documents like utility bills or international bank reference letters.
Pre-Approval
We secure a mortgage pre-approval so you know exactly what you can afford in Ottawa.
Purchase
You make an offer with confidence, knowing your financing is arranged despite your new credit file.
Eligibility Requirements
Getting approved with no credit is easier than you think.
- ✅ Permanent Residency or valid Work Permit status in Canada.
- ✅ Proof of full-time employment (or 2-year history if self-employed).
- ✅ Down payment available (typically 5% to 10% min. for newcomer programs).
- ✅ If no Canadian credit exists, 12 months of rental/utility payment history helps.
Frequently Asked Questions
Common questions from newcomers and first-time buyers.
How much down payment do I need?
For standard "New to Canada" programs insured by CMHC/Sagen, you can buy with as little as 5% down. If you don't fit those specific criteria, some lenders may require 20% down.
Can I buy a home with a Work Permit?
Yes! As long as you have a valid work permit and proof of income, you can qualify for a mortgage. There may be specific tax rules (like the foreign buyer ban exemptions) which we can help you navigate.
Does my credit score from my home country count?
Canadian lenders generally do not check international credit bureaus directly. However, an international credit report or a reference letter from your previous bank can sometimes be used to strengthen your application.
What if I have no credit history at all?
That is okay. We use "alternative credit" to prove you are reliable. This includes showing 12 months of bank statements paying rent, hydro, internet, or phone bills on time.
Are the interest rates higher?
If you qualify for an insured Newcomer program, you get the same competitive "best rates" as any other Canadian with good credit. If we use a private lender due to other issues, rates will be higher.
Do I need a co-signer?
A co-signer is not always required, but if your income is currently low or you are still on probation at a new job, a co-signer with strong Canadian credit can significantly help your approval chances.
How long does the process take?
We can get you pre-approved within 24-48 hours once we have your documents. This allows you to start shopping for homes in Ottawa immediately.
Start Your Canadian Dream Today.
No credit history? No problem. We are here to help you put down roots in Ottawa.