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3. Down payment: Down payments vary based on the type of loan program. Veterans may be able to buy with no down payment.
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A no down payment mortgage allows homebuyers to purchase a house without requiring any cash for a down payment. There are a few no down payment home loan programs, as well as several low down mortgage options available to borrowers in 2017. Government Mortgage Programs with No Money Down
If you have no down payment saved you can still get a mortgage in Alberta. It’s true! There is a flexible down payment mortgage program with Canada Mortgage and Housing Corporation that allows homebuyers with no down in Alberta to use a borrowed source for their mortgage down payment.
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