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First Time Home Buyers  Documentation Required
In order to process your mortgage application, we will require documentation to support your mortgage application. Please note that there may be other conditions not listed here that we might require.
Proof of Income
Employees:
- A job letter
- If you are salary, confirm your salary amount and length of employment
- The letter should indicate you are past your probation period
- If you are paid hourly, confirm your pay per hour, number of hours worked per week, and length of employment
- A current pay stub
- Two years T4 or Notice of Assessment* to confirm overtime
Commissioned or self employed:
- Two years' financial statements
- Two years' Notice of Assessments
Down Payment Verification
- If your down payment is from savings in your bank account, provide three months of bank statements. The statements must state your account number and name.
- If your down payment is from investments (RSP, GIC, Stocks, Bonds), provide 3 months account statements.
- If your down payment is a gift, provide a copy of a gift letter and proof that the gift has been deposited into your account.
Additional Documentation
- Offer to Purchase and feature sheet for the new property
- Offer to Purchase and all condition removals for existing residence
- Void cheque where mortgage payment will be withdrawn
- Name of lawyer (notary) you will use for this transaction
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*Notice of Assessment is the summary form Revenue Canada sends after your income tax has been filed. It specifies what you claimed on your taxes last year. If you do not have a copy of your Notice of Assessment, you can call Revenue Canada at 1 800 959-8281 to obtain a copy
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