I have more than one way for you to purchase your home without any down payment but the best way is if you can qualify for our own VERICO mortgage at discounted rate which is always the lowest rate on the market.

Eligible properties

• Owner occupied, primary residences only
• Maximum two units
• New construction or existing properties

Amortization options

• Up to 40 year amortization available

Mortgage Insurance Premium rates*

* a .20% premium surcharge will be applied for every 5 years of amortization beyond the traditional 25 - year mortgage amortization period.

Borrower qualification

• Strong credit and credit score (minimum credit scores of 680 or greater)

o Two trade lines with at least two years credit history
o No prior bankruptcies

• Non-residing guarantors are not permitted. Non-residing co-borrowers are acceptable (must be an immediate family member and on title)

• Closing costs should be from own savings (1.5% of purchase price)

GDS/TDS Guidelines