$416,500 CMHC-Insured Residential Mortgage for First-Time Home Buyer in Downtown Vancouver

Client: Recent UBC Graduate, First-Time Buyer 

Property Value: $490,000 CAD 

Loan Amount: $416,500 CAD via CMHC-Insured Syndicated Facility

In this case, we assisted a recent Master’s graduate in Political Science from the University of British Columbia who sought to purchase her first home in downtown Vancouver. As a first time home buyer, she had a solid entry-level salary of $90,000 and a gifted down payment from family covering 15% of the purchase, giving her a promising financial position—but her limited credit history posed a challenge for traditional residential mortgage lenders.

Recognizing the gap between her earning potential and conventional lending criteria, we structured a CMHC-insured facility through a syndicate of lenders experienced in home financing for first time home buyers. This approach mitigated risk while delivering optimal terms, including a highly competitive rate of Prime – 0.70% (4.25% at the time).

We prepared a fully packaged submission that included income verification, gifted fund documentation, and CMHC application support. Approval was secured in under one week, and the entire residential mortgage financing process—from application to funding—was completed within 30 days.

This transaction highlights our ability to deliver well-structured home financing solutions for early-career professionals with limited credit history. Through strategic lender partnerships and careful positioning, we make homeownership accessible at every stage of life. If you’re a first time home buyer navigating a similar situation, we’re here to help you take the next step with confidence.