best mortgage rates Mississauga

New to Canada Mortgages: Start Your Journey in Mississauga

Arriving in a new country is a major milestone. At Khan Mortgages, we specialize in New to Canada Mortgages, helping permanent residents and work permit holders in Mississauga secure their first home with flexible credit requirements and expert guidance.

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best mortgage rates Mississauga

Professional Mortgage Support for Canada’s Newest Residents

Buying your first home in a new country can feel overwhelming, but Khan Mortgages simplifies the process for recent arrivals in Mississauga. Our New to Canada Mortgages are designed for those who have immigrated within the last five years and may not yet have a robust Canadian credit score. We leverage specialized programs, such as the Canada Mortgage and Housing Corporation (CMHC) Newcomer Program, which allows you to qualify with as little as a 5% down payment by using alternative credit depth, such as international credit reports or 12 months of timely rent and utility payments. Whether you hold a valid work permit or permanent residency, our team provides access to First Mortgages, Second Mortgages, and Private Mortgage solutions to ensure you aren’t sidelined by traditional banking hurdles.

We understand the 2026 market dynamics in the Peel Region and work tirelessly to find the best rates for your unique situation. Contact Khan Mortgages today to speak with a specialist and learn how we can help you build your future in Mississauga.

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A happy family of newcomers to Canada receiving the keys to their first home in Mississauga from Khan Mortgages.

Are you eligible to buy property in Canada?

As of January 1, 2023, the Government of Canada has implemented restrictions on residential property purchases by non-Canadians. We recommend consulting with a lawyer or notary to confirm your eligibility before beginning your home search.

(416) 807-5050

Private Mortgage

Looking for a loan or a mortgage when you have a bad credit score or a bankruptcy in your name can be highly frustrating. Helping you get the Private Mortgage you need.

Bad or Poor Credit

Do you have bad or poor credit and are trying to get a mortgage but it's proven to difficult? We might be able to help. We have options to help those with bad credit get the mortgage they need.

Home Equity Line of Credit (HELOC)

A HELOC can be a great way to access needed money for those important things that come up in life. Helping you get the Home Equity Line of Credit you need.

Self-Employed Mortgages

We work with lenders from all across Canada that offer excellent mortgage options for self-employed Canadians like yourself. Helping you get the Self-Employed Mortgage you need.

New to Canada Mortgages

Why Choose Khan Mortgages?

  • Flexible Credit Analysis: We use international credit reports and alternative payment history (rent/utilities) to get you approved.

  • Low Down Payment Options: Access 5% down payment programs specifically for New to Canada Mortgages.

  • Work Permit Specialists: We help non-permanent residents with valid work permits navigate the “Prohibition on the Purchase of Residential Property” exemptions.

  • Multi-Lender Access: We compare over 50 lenders, including major banks and private firms, to find the best mortgage rates in Mississauga.
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How does it work?
How do I get started?

At Khan Mortgage, we’ve simplified the mortgage process to make it as easy and seamless as possible. Our network of experienced mortgage professionals will guide you through every step of the way.

1. Find an Agent or Broker

Find the expert you want to collaborate with.

2. Apply Safely Online

Approximately 5 minutes is all you need.

3. Get Your Funding Fast

When all goes according to plan, funding is swift!

(416) 807-5050
best mortgage rates in Mississauga

frequently asked questions

Find answers to your most pressing mortgage questions in our Frequently Asked Questions section.

Typically, you are considered a “newcomer” if you have immigrated to Canada within the last 5 years (60 months). However, at Khan Mortgages, we can often assist those who have been here longer by utilizing Private Mortgage or alternative lending solutions if their credit is still being established.

Yes. Under many New to Canada Mortgages programs, you may qualify if you have been employed full-time in Canada for at least 3 months, provided you were relocated by an employer or have a strong professional background in the same field from your home country.

This is the most common hurdle. We can often use alternative proof of creditworthiness, such as an international credit report from your country of origin or a 12-month history of consistent bank-documented payments for rent, utilities, or insurance in Canada.

No. Many New to Canada Mortgages allow for as little as 5% down for properties under $500,000. For homes between $500,000 and $1,499,999, you will need 5% on the first $500k and 10% on the portion above that. Contact Khan Mortgages today to get a personalized calculation of your buying power.