Mortgagenomics Canada

Can BC Provincial Nominees qualify for a mortgage?Yes! A BC Provincial Nominee is eligible to qualify for a mortgage in Canada. Here are the key mortgage qualification criteria to be aware of when qualifying for a mortgage as a BC Provincial Nominee:you can purchase a property with as little as 5% down payment, but only for purchases under $1Mfor purchases that are $1M or greater the down payment increases to 20% and potentially higher depending on how large your purchase price is (down payment can reach up to 35% for purchases that exceed $2.5M)must have relocated to Canada within the past 2 to 5 yearsmust be employed for a minimum of 3 monthsfull income confirmation is required (recent pay stub and employment letter)a 90 day history of your down payment funds are required (i.e. bank statements, investment statements, etc). If you are unable to provide a 90 day history, then prepare to explain where the funds were derived from along with applicable documentation to verify so (i.e. from sale of