Programs 5% Down Mortgage This program helps new immigrants to buy a home with only 5% down payment. CMHC Insurance is necessary.Traditional Employment, confirmed probation completion. 20% Down Mortgage This program helps new immigrants buy a home with a conventional mortgage at 20% down paymentCMHC Insurance not necessaryAlternative sources of employment can be considered. Gifted Down Payment This program helps new immigrants buy a home with 5% down, and down payment can be accessed through gifted funds than own funds.CMHC Insurance is necessary. For All The Programs You must have immigrated to Canada within 5 years.You must have Permanent Residency Status.You might be required to obtain a letter of reference from a bank in your home country.
