Vacation Home Mortgage

Are you interested in purchasing a vacation home?

Changing lifestyles affect decisions Canadians make on how and where they live. We know that today’s busy lifestyle requires more home ownership options whether it’s a second home in the city to reduce that weekly commute, or a cottage at the lake for weekend getaways.

This program allows current home owners the opportunity to purchase a second home with as little as 5% down payment whether it is another property in the city for your family to reside or a cottage out of town. The mortgage insurers have made it easier for more families to own multiple properties.

Borrower Qualification:

  • We require a minimum credit bureau score of 650 on all applicants
  • No prior bankruptcy or judgements
  • No R3’s in the last 24 months
  • Gifted down payments from immediate family members are acceptable
  • No 3rd party guarantors for qualification purposes.
  • Minimum 5% down payment, borrowed down payments are not permitted.

Quick Mortgage Pre-Approval

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