0 Down Mortgages
in Calgary

If you have 0 down payment saved you can still get a mortgage and buy a home in Calgary

It’s not always cheap to live in Calgary, let alone save for a 5% down payment so you can purchase a home of your own. The good news is, we have access to a flexible down payment mortgage that allows you to get a mortgage even if you have 0 down payment saved.

Contrary to popular belief, these types of mortgages still exist. We are Calgary’s leading experts in 0 down payment mortgages. Talk to us now to learn all about your options.

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0 Down Mortgages for Homes in Calgary

Wondering what home you can afford in Calgary? Enter your income and debts into the 0 down payment mortgage pre-approval calculator below and find out what home purchase price range you’re looking at. The calculator requires the exact numbers in order to be accurate, so ask us for assistance if you’re unsure of your income or debts.

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How 0 Down Mortgages work in Calgary

With the same payment privileges and great rates, a traditional mortgage in Calgary and a 0 down payment mortgage operate very closely. They differ mainly in their criteria for applicants: a 0 down payment mortgage has a higher standard for homebuyers’ income and credit.

Where does the 0 down payment come from?

This standard for income and credit is required because the 5% down payment is borrowed instead of provided by the homebuyer. We can help you set up a loan or line of credit, or you can use one that might already be available to you. CMHC offers this program so that applicants with great credit and income can get a mortgage even if they have 0 down payment saved.





The main benefit of a 0 down payment mortgage in Calgary is the years you will spend in your own home rather than renting and saving for a down payment. With the average Calgary home in 2016 priced at $502,600, making the 5% down payment a substantial amount, this is a significant factor. That being said, there are some drawbacks to the program as well: there is a slightly higher mortgage interest rate that is probably still better than the local bank branch’s rate, as well as additional interest on the borrowed portion. Feel free to assess the pros and cons for your own family, we are confident that in most cases the benefits will significantly outweigh the costs.

If your situation doesn’t allow you to reach the requirements for credit but you would like to buy a home in Calgary with 0 down payment, talk to us for some suggestions on improving your situation. We are always happy to help.

Curious to compare the costs of this program? Click here to visit our 0 Down Mortgage Cost Calculator

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Brokers in Calgary offering 0 Down Mortgage Solutions

At over 1.2 million residents, Calgary is Alberta’s largest city. That means that there are thousands of people with 0 down payment renting their houses when they could own their own home. To solve this problem, we have numerous Invis mortgage brokers in Calgary who are licensed professionals as well as 0 down payment mortgage specialists. Contact us now to discover your options!