Mortgages for People New to Canada in Oakville

If you're new to Canada and looking to purchase your first home here in Oakville. It is possible for you to get a mortgage.

Mortgage Programs

There are mortgage programs available designed specifically for newcomers to Canada looking to purchase their first home. As a mortgage agent, I have direct access to these programs and can provide other options specific to your personal set of circumstances.

Quick Approval For Newcomers to Canada

I'm Patrick Romann and I'm a recognized source for helping my clients get the mortgage lending and financing they need.

We make Mortgage Lending & Financing Possible for our clients living in Oakville.

If you're new to Canada and looking for a mortgage, I can help you find the best rates and get approval fast.

Who Can Apply for a New to Canada Mortgage in Oakville?

If you have immigrated to Canada or relocated here within the last five years, you can buy property. I can help you get your permanent home with as little as a 5% down payment. Buy your house sooner and make it easy for your family to feel established and secure in Oakville, Ontario. Partner with Patrick Romann to get a place that you can finally call home.

What you need to consider for a Mortgage as a Newcomer to Canada

Working in the field for many years and with around 50 lenders, I have enough experience as a mortgage broker that I can give you a go-to checklist. This checklist can serve as the complete guide for your home-buying needs in Canada. So, here are the essential things you need to consider before applying for your first mortgage.



The first and foremost item on this checklist is affordability. You need first to figure out exactly how much you can afford to buy a home in Canada. I can help you figure this out by telling you different mortgage plans, their upfront amount requirements, and the total tenure for your mortgage.

The Downpayment

The Downpayment

Once you have sorted out a practical price range for the home you are willing to buy, we go towards the down payment. There are many options for down payments, you can go as low as 5% with an insured mortgage, and you can even pay 20% down to avoid the mortgage insurance.

Mortgage Options

Mortgage Options

When you come to Patrick Romann, you get many mortgage options depending on your budget. There are many options available for multiple types of mortgages, and all you need to do is make the right choice after I explain them to you one by one.

Mortgage Pre-Approval

Mortgage Pre-Approval

Once all the basics are met, then we move towards a pre-approved mortgage. A pre-approved mortgage allows you to get the committed mortgage amount after any valuations or evaluations by the lender or bank.

Myths About Mortgages for New People in Canada

Various myths are floating around the market about the kind of mortgage newcomers to Canada can and cannot get. It is a myth that you cannot acquire a mortgage from a bank. Another one goes that you cannot qualify for a mortgage unless you have an exhaustive credit history or at least two years of Canadian employment. That is where I come in. I know how you can get a mortgage even if your credit history is not that good or if you are self-employed. I guide and counsel all my clients and help them get the home of their dreams.

If you have immigrated or relocated to Canada in the last five years, and you are a Permanent Resident, you can apply for a mortgage.

Frequently Asked Questions

As a newcomer in Canada, can I get a mortgage on a 5% down payment?

We don’t know about other mortgage brokers or lenders, but we are sure that you can get your mortgage at a 5% down payment via Patrick Romann.

Can I apply for my first mortgage with a weak credit score/rating?

New to Canada mortgage programs are specially designed for individuals with a weak credit score/rating or no Canadian credit history.

Can I buy my first home in Canada if I am self-employed?

Yes, you can. We have the best mortgage plans available for self-employed individuals.

Can I transfer my mortgage to another property at a later stage?

You most definitely can! This process is called mortgage portability, and we have one of the best mortgage portability services available.

As a newcomer in Canada, can I buy a second home in Canada?

Suppose you already had the capital to purchase your first property in Canada. Now you are looking for a second one. In that case, you can quickly get a mortgage for your second home in Canada, even if you are a newcomer.

Why Work with Patrick Romann

Access to Over 50 Lending Institutions

Get the Best Mortgage Rates Available

Objective Advice as I'm an Independent Mortgage Broker

Get in Touch

As a mortgage agent, I can help those new to Canada get a mortgage. Contact me to discover how I can help you with all your mortgage needs in Oakville.