Updated about 9 years ago on . Most recent reply
FHA loan or new comers schemes? (Canada)
Location - NB/NS Canada
Hey guys,
I'm wondering if there is anything like a FHA loan in Canada, especially for new comers? Or if there are any newcomers to Canada schemes for investing? It's difficult to find anything online about it. I'm open to joint venturing of course however for my first deal in Canada we want to house hack so I feel any way we can get it on our own, we should. I'm hopefully looking for around 5-10% down and 2-3% interest... Is this feasible? We are also looking to purchase a second multi family at the same time which I am fully prepared to put 20% down as long as the initial duplex is 5-10%.
Many thanks,
Phil.
Most Popular Reply
Phil:
Have a look at the Canada Mortgage and Housing Corporation (CMHC) offerings for immigrants (and residents).