# CMHC Mortgage Loan Insurance for Newcomers: Strategic Bridges to Growth

> CMHC offers programs specifically designed for newcomers to Canada.

Category: Newcomers
Last verified: 2026-04-14
Source: https://ratellow.com/faqs/newcomers/cmhc-mortgage-loan-insurance-for-newcomers-strategic-bridges-to-growth

## Answer
| Eligibility Criteria | Requirement |
|---|---|
| **Immigration status** | Permanent Resident (PR), Work Permit, or Refugee status |
| **Minimum down payment** | 5% on first $500,000 and 10% on portion between $500,001 and $1,500,000 |
| **Credit history** | International credit report accepted; 2+ accounts preferred |
| **Employment** | Valid job offer or employment letter from Canadian employer |
| **Maximum purchase price** | $1,500,000 (standard insured cap) |
| **Time in Canada** | No minimum — can apply within days of arrival |

Many lenders combine CMHC newcomer programs with their own internal new-to-Canada policies for even more flexibility.

## Related guide
- https://ratellow.com/guides/newcomer-canada-mortgage

## Sources
- Page 3 — https://assets.cmhc-schl.gc.ca/sf/project/cmhc/pdfs/factsheets/new/cmhc-quick-reference.pdf#page=3
- Page 2 — https://assets.cmhc-schl.gc.ca/sf/project/cmhc/pdfs/factsheets/new/cmhc-quick-reference.pdf#page=2
- I. Purpose and scope of the guideline — https://www.osfi-bsif.gc.ca/en/guidance/guidance-library/residential-mortgage-underwriting-practices-procedures-guideline-2017#1.0
- Canada Guaranty — https://www.canadaguaranty.ca/lenders/underwriting-guidelines/