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To qualify for a conventional mortgage you will need a down payment of 20% or more. However, you can qualify for a low down payment insured mortgage with a down payment as low as 5%. Secondly, you will require money for closing costs (up to 2.5% of the basic purchase price).
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Red Deer Mortgage, Insurance, and Financial services | First Foundation Red Deer Welcome to Red Deer! Red Deer is Alberta's third-largest city and one of the most beautiful communities in Western Canada. Now over 150 years old, Red Deer is a great place to live, work, play, and raise a family! Contact Us >> Learn More Home » Alberta » Red Deer
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