At Rampone-Marsh Mortgages, we specialize in helping people from all walks of life achieve their dreams of property ownership — including newcomers to Canada. Whether you’ve settled in BC with a new job, and are building a life for your family or investing in property, buying a home or a business is a major milestone. The good news? You don’t have to navigate the mortgage process alone.
In 2025, more options are available for new Canadians to qualify for a mortgage — even without a long credit history in the country. The experts at Rampone-Marsh Mortgages tell us how to get started:
1. Establish Credit in Canada
Lenders want to see that you can manage money responsibly. Start by applying for a Canadian credit card or a line of credit, paying all your bills on time, and keeping balances low to help build your credit score.
2. Gather Proof of Income
If you’re employed, you’ll need to show pay stubs and a letter from your employer. Self-employed? Be ready with bank statements or business financials to verify income. Owning your own business? Be ready to present your tax return(s), business license, and other financial documents.
3. Save for a Down Payment
You will typically need to place 5–10% down when purchasing a home, depending on the home’s value. Some lenders allow gifted down payments or alternative credit proof from your home country.
4. Work With a Mortgage Broker Who Works for You
Rampone-Marsh will provide you with the very best mortgage by accessing over 50 lenders across Canada. Unlike banks or other financial institutions, we aren’t trying to meet a mortgage quota — we’re focused on finding the best deal for you. We also help you explore options like the CMHC Newcomer Program.
Start Your Mortgage Journey Today!
Buying your first home or business in Canada is a big step — but we’re here to guide you through it with confidence and clarity. Reach out today or call us at 250-801-8834 and let Rampone-Marsh Mortgages help turn your new chapter into a place to call home!
