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6 GENWORTH CANADA FALL 2O15 HELP CHECK OUT GENWORTH.CA THE GENWORTH CANADA NEW TO CANADA PROGRAM. This versatile program makes it possible for new immigrants to Canada to purchase a home sooner and with as little as five percent down payment. Here is a quick glance at whats required to qualify for the New to Canada program. A comprehensive list of specific guidelines and criteria for eligibility is available on Genworth.ca. Notably eligible applicants Must have immigrated or relocated to Canada within the last 60 months Must have a valid work permit or obtained landed immigrant status Must ensure all debts held outside of the country are included in their total debt-servicing ratio Cannot rely on guarantors Cannot be foreign diplomats who do not pay tax in Canada If you recently immigrated to Canada and are interested in buying a home a detailed guide is available in six languages on Homeownership.ca. Follow the links on the New To Canada Guide drop-down menu on the New to Canada page and browse through the many articles covering everything you need to know about the home buying process in Canada. Another helpful resource is PrepareForCanada.com. This online magazine for immigrant professionals in Canada provides a variety of resources to help you navigate living and working in Canada. Welcome to Canada and good luck on your homebuying adventure Q We arrived in Canada three years ago and want to buy our first home. Is there a program that can help us even though we dont have an extensive credit history in this country A Yes. Genworth Canadas New to Canada program was designed to help qualified newcomers with little credit history in this country achieve homeownership with as little as five percent down payment. Heres how it works YOU ASKED WE ANSWERED