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Featured Rates

FIXED RATE

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3.99%

5 YEAR

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VARIABLE RATE

This illustration features an hourglass with a yellow top and bottom. Inside the top half, a dollar sign is prominently displayed, representing how time equates to money—a concept every mortgage broker at Turkin Mortgage understands well, as sand trickles seamlessly down.

4.95%

5 YEAR

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We don’t work for banks. We work for you
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Canada Newcomer Mortgage Toronto

Move Into Your Toronto Home Sooner
Apply Now
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Based on 150 Verified Google Reviews

Expert Advice, Zero Pressure

Canada Newcomer Mortgage Toronto

  • Quick, Simple and Secure!
  • No Credit Check Needed
  • No 100% Confidentiality
  • No Obligation and No Cost to You
  • Lowest Mortgage Rates
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Apply Now
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Based on 150 Verified Google Reviews

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Featured at

Beginning fresh in Toronto?

Navigating a mortgage as a newcomer might seem daunting. We’re committed to assisting you at every stage, ensuring your home-buying process is smooth and hassle-free.
  • Quick, Simple and Secure
  • Fast Pre-Approval
  • No Obligation and No Cost to You
  • 100% Confidentiality
Apply Now
Turkin Mortgage Team that helps you find the best and Lowest Mortgage Rates in Ontario, Toronto Canada
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Discover the Best Mortgage Rates in Ontario

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4.54%

1-Year Fixed Rate Mortgage

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3.65%

3-Year Fixed Rate High-Ratio Mortgage

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3.65%

5-Year Fixed Rate High-Ratio Mortgage

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3.90%

3-Year VRM Rate High-Ratio Mortgage

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3.54%

5-Year VRM Rate High-Ratio Mortgage

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3.54 %

5-Year VRM Rate High-Ratio Mortgage

View rates

Access Competitive Rates from Top Lenders

Prepared to make Toronto your home? Reach out to us now to confidently step into your future!

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Why Choose Us for Your Newcomer Mortgage in Toronto?

We make securing your first home in Canada simple, fast, and stress-free. Access 35+ top lenders and consistently competitive rates – helping you save thousands over your mortgage term.

Banks

  • Customers are treated like transactions
  • One set of products & policies
  • Lender needs come before yours
  • Long application processing wait times
  • Call centres and a revolving door of staff

VS

Turkin Mortgage

  • Customers are treated like people
  • Considered options from over 35 lenders
  • Your needs and goals always come first
  • Experienced mortgage experts located in Toronto
  • Stable dedicated team to champion your finance approval
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$1000 Cash Back or Free iPad When You Close With Us!

*Certain conditions may apply, ask a Turkin Mortgage Agent for more details.
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Our Easy Step-by-Step Process for Newcomer Mortgages

Our online application takes just minutes and leads to approvals in as little as 24 hours, so you can move forward without delay. Whether purchasing, refinancing, or consolidating debt, we customize solutions – high-ratio options available for low down payments.

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Step 1

Let’s Chat About Your Goals

Tell us about your dream home and your needs. We’ll listen, answer your questions, and get to know what matters most to you - no question is too small!

Step 2

Gather a Few Simple Docs

We’ll walk you through any paperwork needed. Don’t worry - Canadian mortgage forms can sound complicated, but we’ll explain everything and support you every step of the way.

Step 3

Custom Options, Just for You

We’ll match you with the best mortgage choices for newcomers. Unsure what a “down payment” means? We’ll break it down and explain all your options clearly.

Step 4

Application Made Simple

Once you pick the right mortgage, we’ll help handle the application. We talk to the lenders and handle the details - so you can focus on planning your move.

Step 5

Keys in Hand - Welcome Home!

When you’re approved, we’ll make sure everything wraps up smoothly. Questions before move-in day? We’re here for you, now and after you get your keys.

Plan Your Home Purchas with Our Mortgage Calculator

Turkin Commercial Mortgage Benefits

Embark on Your Canadian Journey with Ease

Experience quicker approval with minimal hassle, allowing you to concentrate on your Canadian future without the burden of strict banking criteria.

Adaptable Approval, No Credit History Needed

Lacking a Canadian credit score? That's okay. We consider your full financial background to provide mortgage solutions that others might miss.

Affordable Initial Payment Options for Newcomers

Preserve your savings. Take advantage of special low down payment plans crafted for new Canadians, speeding up your path to homeownership.

Terms That Fit Your Dreams

From growth to refinancing, our flexible repayment options adapt to your needs, free from hidden catches or limitations.

Simplified Documentation Process

Avoid confusion. We simplify complicated procedures and assist in collecting required paperwork, ensuring a smooth journey from start to finish.

Kickstart Your Financial Growth in Canada

Own a home while simultaneously building your credit in Canada, paving the way for a secure and prosperous future.

Find the Perfect Mortgage for Your Unique Needs

We pair buyers with mortgage lenders that exceed your expectations.

Qualification Requirements for Canada Newcomer Mortgage Toronto

Wondering about eligibility? Lenders consider:

  • Work: Consistent employment or a valid job offer in Canada (at least 3 months)
  • Down payment: Between 5-20% of the home's price, based on credit standing
  • Credit score: International credit history is acceptable; Canadian credit isn't required

Residency: A valid permit, such as a PR card or work/study permit

Navigating the Application for Canada Newcomer Mortgage Toronto

Feeling buried in paperwork? We simplify it into five steps:  

  1. Pre-approval: Obtain a custom rate quickly
  2. Submit documents: Provide income proof, identification, and residency details
  3. Select a property: Find a home that matches your budget
  4. Final approval: Underwriting process (usually 1-3 days)

Closing: Complete paperwork and take possession

Necessary Documents for Canada Newcomer Mortgage Toronto

Streamline your preparation with this list:  

  • ID: Passport, PR card, or permit
  • Work verification: Job offer, salary slips, or evidence of foreign income
  • Residency confirmation: Rental agreement or utility invoice
  • Down payment evidence: Bank records or a letter of gift

Credit background: International credit documentation (if possible)

Understanding Costs and Rates for Canada Newcomer Mortgage Toronto

Worried about unexpected charges? Here's what to expect:  

  • Interest rates: Attractive options from over 35 lenders (beginning at 4.49%*)
  • Mortgage insurance: Mandatory for down payments under 20% (2.8 - 4.0% of the loan)

Closing expenses: Ranging from 1.5 - 4% of the home's price (covering taxes, legal charges)

What Toronto Homebuyers Say About Turkin Mortgage

Real experiences from Toronto residents who chose Turkin Mortgage for their home financing needs. Discover the quality and reliability of our services through their testimonials.

Ready to move forward?

Get in touch to tailor your mortgage plan or find answers. We’re here to make your journey smoother!

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Based on 150 Verified Google Reviews

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Based on 150 Verified Google Reviews

Turkin Mortgage: Where You Matter

If you’re worn down by subpar service from banks and other brokers, we’re here for you. We offer premium service that the big banks just can’t deliver.

With experienced mortgage brokers located right here in Toronto we’re ready to help you achieve and exceed your goals.

3.79%

Hold rate for 120 days

YES

Cashback available

↑ 20%

Lump sum prepayment 20%

house

48H

Quick close, 48 hours

3.79%

FAQ

Unsure due to not having local credit?

Absolutely! Various lenders consider options like international credit ratings, proof of consistent rent payments, or evidence of steady employment. Our partners specialize in mortgages for newcomers, using alternative credit information to assist you.

Concerned about the initial cost?

For properties priced below $500,000*, the minimum down payment can be as low as 5%. Newcomers might be eligible for exclusive programs offering more flexible terms. We'll connect you with lenders providing options like longer amortization periods or accommodating higher debt-to-income ratios, making homeownership more accessible.

Self-employed or earning in another currency? We've got you covered.

Required documents might include:

  • Payslips or employment contracts from abroad.
  • A Canadian job offer letter.

Bank statements displaying regular income deposits.

  • Our team will assist in translating and validating these documents to meet lenders' standards.
  • Are there tailored mortgage programs for immigrants?
    • Seeking options designed for newcomers? Definitely! Initiatives such as the Newcomer Mortgage Program provide:  
    • Lowered down payments (as minimal as 5%).
    • Consideration of foreign income and credit history.
    Additional time for establishing credit.
    • We'll help identify the most suitable program for your needs.
    Overwhelmed by documents? We can help. Essential documents include:  
    • A valid passport or immigration documentation.
    • Income proof (from Canada or abroad).
    • Evidence of down payment (like bank statements).
    Canadian employment verification (if relevant).
    • We'll ensure the process is smooth and nothing is missed.
    Finding it hard to choose? Let us handle it! With connections to over 35 lenders, we assess and present the most competitive rates, conditions, and terms. Key considerations include:  
    • Choice between fixed and variable rates.
    • Options for early repayments.
    Penalty assessments.
    • Then, we negotiate to secure the best deal for you.
    Prefer assistance in your native tongue? Certainly! Our services include support in English, Mandarin, Spanish, and Arabic, ensuring clear and effective communication throughout the process.
    New to Canada's mortgage terms? Here's a brief guide:  
    • Amortization: The duration for loan repayment (usually 25 - 30 years).
    • HELOC: A credit line secured against home equity.
    High-ratio mortgage: Applies with less than 20% down payment (requires insurance).
    • We'll clarify each term, avoiding complex jargon.
    Ensuring your funds are safe requires caution.  
    • Check for broker accreditation (we're fully licensed!).
    • Be wary of brokers asking for upfront fees - legitimate ones are paid by lenders.
    Never rush into signing incomplete documents.
    • Our approach is transparent, with no hidden charges or pressure tactics.
    Running your own business? We can assist. Absolutely! Lenders might consider:  
    • Two years of overseas tax filings.
    • Financial predictions for Canadian business revenue.
    A larger initial payment (10 - 20%).
    • We'll help present your financial reliability, even without conventional payslips.

    The Mortgage Brokers Blog

    Discover the ins and outs of the Toronto mortgage scene with our expert guidance. From securing the best mortgage deals in Toronto to understanding local real estate dynamics, we've got you covered.

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    Turkin Mortgage Across Ontario

    …by providing award winning customer service to each and every single client.

    Don't know where to start?

    Call Now: 647-938-8808

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