Private mortgage lender for newcomers in Canada
At Lauréat Finance, we believe homeownership should remain accessible—regardless of your background or immigration status in Canada.
Is it possible to obtain a mortgage as a newcomer to Canada?
Yes. Even if you have just arrived in Canada, it is possible to become a homeowner and obtain a mortgage, particularly through private financing solutions such as those offered by Lauréat Finance.
It is important to understand that, since January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act generally prevents individuals who are neither Canadian citizens nor permanent residents from purchasing certain residential properties in Canada, unless they meet specific conditions set out in the regulations. These exceptions may apply to certain temporary residents, protected persons, or individuals married to a Canadian citizen or permanent resident, as defined under federal law.
At Lauréat Finance, our experts can help you understand how these rules apply to your situation and guide you through all available financing options, whether you are a permanent resident, a qualifying temporary resident, or in the process of obtaining your status.
Steps to apply for a mortgage loan with Lauréat Finance
The process at Lauréat Finance is simple, fast and transparent:
1
Review of your financial situation and real estate project
2
Evaluation of the property value and down payment
3
Presentation of a tailored financing solution
4
Fast approval and funding within 24 to 48 hours
Our team supports you at every step to ensure a smooth and stress-free experience.
Benefits of a private mortgage loan for newcomers
A private mortgage loan offers essential flexibility for newcomers who may not meet the strict criteria imposed by traditional banks.
Fast approval process
More flexible criteria than traditional financial institutions
Financing options available without a Canadian credit history
Solutions tailored to both temporary and permanent residents
A personalized, human-centred approach
This flexibility allows newcomers to move forward more quickly with their homeownership plans, without having to wait several years to build a complete Canadian credit history. A private mortgage loan often serves as a transitional solution, making it possible to buy a home now while preparing for a future refinancing with a traditional financial institution once your financial situation and credit profile are more established.
Why choose Lauréat Finance?
At Lauréat Finance, we understand that every immigration journey and real estate project is unique. That’s why we take a personalized, human approach, focused on practical solutions rather than rigid banking criteria. Our team takes the time to assess your overall situation and offer financing that truly fits your needs, whether you are a newcomer, a temporary resident, or waiting for permanent status.
Through our network of private lenders and our streamlined process, we provide fast, transparent decisions without judgment, while supporting you at every stage of your project.
Start your journey by filling out our online form to explore your financing options.
What are the eligibility criteria for a private mortgage loan as a newcomer to Canada?
Every file is unique, but private lenders generally review the following elements:
- Available down payment
- Your status (permanent or temporary resident)
- Current or future income
- Your work permit
- Your credit history in Canada or abroad
What if I don’t have a Canadian credit history?
A lack of Canadian credit history is one of the main barriers when dealing with traditional banks. At Lauréat Finance, this reality is fully taken into account.
Rather than basing decisions solely on your credit report, we assess your overall financial situation, your project, and your real ability to meet your obligations. This more flexible approach allows many newcomers to access homeownership sooner.
What our clients say about us
Over 12,500 successfully assisted clients since 2014
FAQ – Frequently asked questions
Is it possible to buy a home if I am currently looking for a job?
Yes, in some cases. Factors such as your down payment, employment prospects or upcoming income may be taken into consideration.
What documents are required to apply for a mortgage loan in Canada?
Documents vary depending on your situation, but generally include valid identification, a work or residence permit, proof of income, and information related to your down payment.
How much of a down payment is required to buy a first home in Canada?
The required down payment depends on the type of financing and your profile. Private mortgage loans may offer greater flexibility in this regard.
Can I buy a home if I am a temporary resident?
Yes, it is possible under certain conditions.
Can I buy a home even if I just arrived in Canada?
Yes. Many newcomers are able to purchase a home shortly after arriving, thanks to flexible financing solutions such as private mortgage loans.
Submit Your Private Loan Application Now!
Ready to regain financial stability? Start today by completing your private mortgage loan application with Lauréat Finance, your ultimate financial ally.