Not qualified but want to buy a home? Check below the details for our Alternative Lender Program with just 5% down payment. This program is designed for individuals and families that have income to support a mortgage, but don't have enough savings available to make a full down payment on the home they want. Why rent if you can own! Get into a property ladder faster with our Alternative Lender Program!

Benefits:
1. Get into the market sooner while the home prices are still lower
2. Build equity rather than burn money on rent
3. Save on closing costs by reducing the land transfer tax with our program

Advantages:
1. Buyers with credit score as low as 500 are acceptable
2. Extended debt ratio will enable our clients to qualify to borrow more than any traditional A Lender
3. Extended amortization up to 40 years is available that can help to decrease monthly mortgage payments
4. We can approve self-employed clients based on their cash flow and true income
5. Clients with bruised credit can qualify

Eligibility:
1. Purchasing a home as a principal residence valued between $550,000 - $2.5 million 
2. A Canadian citizen or permanent resident of Canada
3. Minimum household income $80,000 per year
4. Have to have a minimum 5% down payment of a purchase price
5. Looking to buy a home within GTA (Toronto, Peel, Halton, Durham, York municipalities), Hamilton, Guelph, Kitchener-Waterloo Area
6. Must be pre-approved with our Mortgage Department and fully represented by our Brokerage.

Exceptions: No Pre-construction properties

Have questions? Please send me a email at [email protected] for further information or if you need a pre-approval for this program.

Inna Knyazeva
Sales Representative
Search Realty Corp., Brokerage
647 330 1777
[email protected]