[Kristi Hyson]

Originally Posted by genesis0403

Hi I was wondering if you can give me some info for new home buyers or recent permanent resident status home buyers.

Thank you for the question. If you are a permanent or temporary resident Scotiabank has a program that is called the Scotiabank Startright Program for Newcomers, this product is designed to help newcomers to Canada obtain a mortgage.
The requirements are:
-5% down payment from own resources
-minimum 3 months employment
-if credit is not established a requirement would be a letter from your landlord confirming rent was paid on time, copy of utility bill & payments confirming payment on time (other methods of proving payments can be accepted).

This program allows a newcomer to obtain a mortgage without having established credit.

Below is a link to the program, please let me know if you have additional questions.

http://www.scotiabank.com/startright/landing-page.html