Zero Down Mortgages
in Edmonton

If you have zero down payment saved you can still get a mortgage and buy a home in Edmonton

Living in Edmonton can be expensive, which makes it a significant challenge to save up a full 5% down payment for a home of your own. Fortunately, there is access to a flexible down payment mortgage that allows you to get a mortgage even if you have zero down payment.

That’s right, these are still available! We are the experts in Edmonton on zero down payment mortgages and you can talk to us today to learn about your options.

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Zero Down Mortgages for Homes in Edmonton

Wondering what you might be able to afford in Edmonton? Use our zero down payment mortgage pre-approval calculator to see what price range you’re looking at based on your income and debts. This calculator is very accurate when the correct numbers are used, so don’t hesitate to contact us for assistance if you don’t know what income and debts to enter.

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How Zero Down Mortgages work in Edmonton

These mortgages operate very similarly to a more traditional mortgage, which means you get the same payment privileges and great rates. However, the criteria is different: you must have a good credit score and great income in order to apply for a zero down payment mortgage.

Where does the zero down payment come from?

A high standard for income and credit is maintained because the 5% down payment comes from a borrowed source. This source may be a line of credit already available to you, or a loan or line of credit that we’ll help you set up. This flexible down payment program is accessed through CMHC and allows the homebuyer to borrow a down payment as long as the requirements for income and credit are met, unlike a regular mortgage, which requires the down payment to come from a non-borrowed source.





Buying your own home years ahead of time is the primary benefit of a zero down payment mortgage in Edmonton. Saving up a down payment is the biggest obstacle to obtaining a mortgage for most homebuyers. The average cost of buying a home in Edmonton in 2016 was $373,174, so the minimum down payment is simply out of reach in many cases. However, this program has two additional costs, which are an additional interest charge on the borrowed portion and a somewhat higher mortgage interest rate, though it will likely be better than what the local bank offers. In any case, the benefits outweigh the costs by a substantial margin for most people.

If you don’t have an excellent credit score or income but you’re interested in buying a house in Edmonton with zero down payment, please feel free to talk to us. Even if you don’t initially qualify for the program, we would be happy to hear about your personal situation and give you some suggestions to improve it.

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

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Brokers in Edmonton offering Zero Down Mortgage Solutions

With a population of 899,447 people, Edmonton probably has thousands of renters with zero down payment who would love to own a home. To address this need, we have several licensed Invis mortgage brokers who are experts in zero down payment mortgages. Contact us today to discover your options!