FHA loan or new comers schemes? (Canada)

[Phillip Johnson]

Location - NB/NS Canada Hey guys, I'm wondering if there is anything like a FHA loan in Canada, especially for new comers? Or if there are any newcomers to Canada schemes for investing? It's difficult to find anything online about it. I'm open to joint venturing of course however for my first deal in Canada we want to house hack so I feel any way we can get it on our own, we should. I'm hopefully looking for around 5-10% down and 2-3% interest... Is this feasible? We are also looking to purchase a second multi family at the same time which I am fully prepared to put 20% down as long as the initial duplex is 5-10%. Many thanks, Phil.

[Roy N.]

Phil:

Have a look at the Canada Mortgage and Housing Corporation (CMHC) offerings for immigrants (and residents).