I’ve mentioned it over and over again that it pays to get the right mortgage advice from the beginning. Especially, if your situation is unique, for example, newly landed immigrant or currently on work permit. Last week I was able to secure mortgage financing for a client who is currently on a work visa with as little as 5% down payment. Interestingly enough, his own bank has told him that “no other lender would provide financing to him with only 5% down payment." If he hasn't reached out to me, he would have continued renting for anther year or so. Yes, you can still purchase a home while you are on work visa even though you don’t have permanent residence status. There are several lenders that will provide financing for applicants on work visa (permit) with as little as 5% down, regardless of the work permit expiry date, provided the following conditions are met:
Any additional questions, feel free to call me at 647-893-2535 or email me [email protected] Sign Up Here for Monthly Mortgage Updates
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