Ideal Requity Homes clients are aspiring homebuyers who are financially capable of affording a home but don't qualify for a traditional mortgage yet.
Our program is designed for:
- Newcomers to Canada building credit history, including temporary residents on work or study permits with overseas income
- Self-employed workers and business owners with non-traditional income or lacking 2 years of documented income history
- Individuals going through life transitions—divorce/separation (without finalized agreements), relocation, or career changes with new job offers
- People improving their credit—recently discharged from bankruptcy, consumer proposal, or credit counseling, or those with credit blemishes who can afford monthly payments
- Aspiring buyers who need time to save for a larger down payment or build stronger credit profiles
Minimum qualifications include:
- Annual household income of $70,000+
- Current savings of at least 2% of the home price
- Minimum credit score of 500
- No active bankruptcy or consumer proposal
You can view some of our success stories for examples of ideal client profiles who have achieved homeownership through our program.
