New to Canada? You can get the first home of your dreams with a Fresh Start Mortgage. Get a home loan even without credit history today!

  • You'll hear back from us in one business day!

Discover the benefits!

  • Save thousands on your first home
  • Buy a home without credit history
  • Build your credit score for easier future loans
  • Get great rates
  • Enjoy generous paydown options


Get Your First Home in Canada

Getting a loan from the big banks without any credit history can be difficult and expensive. That’s why the Fresh Start Mortgage is perfect for new Canadians.

Get the help you need with a personalized low-interest rate mortgage offer. Plus, you could save thousands on your first home purchase.

No credit history? No problem!

If you’re new to Canada, you may not have any credit rating which is beyond your control. We look beyond that to assess your eligibility so you have a better chance of owning a home.

If you’ve been rejected from a bank for a mortgage, please contact us. We define “creditworthiness” differently than other mainstream lenders.

It's perfect if you're new to Canada!

New to Canada? Settling in can be tough. We know that you’ll be faced with challenges and different ways of doing things.

As an ambitious new Canadian we know the first thing you dream of is buying your first home.  But getting a loan from the big banks without a credit history can be difficult and expensive.

Don’t you wish you had great financial advice to help you with the loan even without a credit history and to save thousands on your first home purchase?

Thankfully, you can put your financial needs in order as you settle down with Innovation Federal Credit Union’s Fresh Start Mortgage. Our dedicated advisors will help you with a personalized, low-interest rate mortgage offer.

Innovation looks at more than your credit score when assessing your eligibility for a mortgage. In fact, you can build your credit as you pay the loan.  The Fresh Start Program is built specifically to help you with a simplified banking experience.

Take the first step into your new home. Apply for a Fresh Start Mortgage today!

Additional Benefits

  • If you’re a first-time home buyer, we can discuss the Government of Canada’s First-Time Home Buyer Incentive with you.
  • You’ll earn profit sharing cash by having your mortgage with us.
  • You can apply right over the phone and speak to someone who understands your situation.
  • You can ensure your family is covered during a challenging time with affordable protection plans.

Get pre-approved today!

Our mobile mortgage specialist can meet with you on your schedule. Contact Erin to get pre-approved for your mortgage today! 

Chmiel, Erin

Team Lead Doorstep Banking

“I make home ownership goals a reality.

My favourite thing about working at Innovation is that we celebrate each other’s successes.”

Fun fact: “Before moving to Saskatchewan, I worked for the Mouse at Walt Disney World in Orlando, FL.  Doing what you ask? You’ll have to ask when we meet!”

Join the 60,000+ Canadians who bank with us

Eligibility for a Fresh Start Mortgage

Proof of Residence

You must be a Canadian resident.

Proof of Age

You must be 18 years of age or older to apply.


Checklist - When applying for a mortgage, we'll need some documents and information. Here’s our mortgage application checklist.

Residential Mortgage Security - When you borrow money to buy a house, we require security in the form of real property.

Mortgage Default Insurance - As per Legislation, we can only lend up to 80% of the purchase price or value of your new home. If you have less than 20% for a down payment, you'll need mortgage default insurance (pdf).

A protection plan provides peace of mind for you and your loved ones. During a tough time, you can focus on your family. We'll focus on protecting you from financial loss.

With an insured mortgage, if you are unable to make your mortgage payments, CUMIS, our reputable insurance company, will make the payments for you. You can apply for a variety of insurance types for your mortgage: disability, life, loss of employment, or critical illness. So, for example, if you lost your job and had loss of employment insurance on your mortgage, CUMIS would make your mortgage payments until you found a job again (up to maximum time noted in your policy). You wouldn’t have to worry about losing your home during such a difficult time.


Pay down your mortgage faster with our 20/20 pay-down option. You can choose one or both options:

  • Pay up to 20% of your original mortgage principal each year without penalty.
  • Increase your monthly payments by 20% without penalty.

Ask us how you can take advantage of the option without penalty.

More Reasons to Bank with Us


Our No-Fee Bank Account has no monthly fees and no minimum balance requirements. Save ~$11/month in fees!


Earn cash dividends simply by doing your everyday banking with us. The more you bank with us, the more you benefit.


Your business helps us support your community. We allocate 2% to 4% of pre-tax profits/year to our communities.

Need more help choosing your mortgage?

Try our mortgage selection tool!

AIR = Annual Interest Rate

APR = Annual Percentage Rate

Annual Interest Rate = The total cost of credit expressed as an annual percentage, not including various non-interest charges.

Annual Percentage Rate = The total cost of credit expressed as an annual percentage, taking into account, both interest and various non-interest charges.

If there are no non-interest finance charges, the AIR and APR will be the same.

APR Assumptions:
a. $300,000 Mortgage
b. 25 Year Amortization
c. Applicable Term for Each
d. $400 Appraisal Fee

Applicable to residential mortgages only and subject to Innovation Federal Credit Union lending criteria for residential properties. Some conditions apply.

Interest rate compounded semi-annually not in advance. Interest rates are subject to change without notice.Applicable to residential mortgages only and subject to Credit Union lending criteria for residential properties. Some conditions apply.

Rates subject to change without notice.

Innovation Federal Credit Union will lend for properties located in Canada only.

Additional information for building mortgages could be required depending on the type of construction project you are undertaking.