0 Down Payment Mortgage Calgary

0 down payment mortgages are still available and better then ever for home buyers in Calgary. There is confusion in the market due to recent changes in Federal legislation eliminating bank cash back mortgages for 0 down payment, but enhanced 0 Down Flex Down Payment mortgage programs still exist. Bank and branch staff may say they don't - but they are incorrect!

These existing programs allow a first or multiple time home buyer to purchase a home and own it outright with a standard mortgage at today prices. Prospective home buyers no longer have to sit, wait and watch home prices in Calgary climb higher. We have the affordable solution for owning a home sooner then expected.

0 Down Payment - Canada Guaranty Flex Advantage

Incredibly affordable, under this program you receive a fully discounted rate by the largest private, Canadian-owned insurer. In 2012 the Ontario Teachers Pension Plan and National Mortgage Holdings aquired CG, adding a competitor to the mortgage landscape. These mortgages are 100% safe and available on existing homes across Calgary.

Benefits of owning today

While owning your own home today and not paying rent (and your landlords mortgage) is the most obvious benefit. The not so obvious benefit is not having to wait and watch home prices increase.

It can take the average person in Calgary two to four years to save up the 5% down payment. During that time home values can increase, sometimes substantially. Here's a comparison on the cost of waiting and the cost of the 0 Down Payment Mortgage in Calgary.

0 Down CG Flex

Wait and Save

  • - Target Purchase Price: $300,000
  • - 5% Down Payment: $15,000
  • - Save $625 per month for 2 years
  • - Home Price increase 3% per year
  • - Value of home at end of the two year savings: $318,000
Cost of Waiting: $18,000 ($318,000 Actual purchase price less $300,000 of what it cost 2 years prior)

Zero Down Now

  • - Target Purchase Price: $300,000
  • - Own now with Flex Down
  • - Interest on down payment over 2 years: $1800 approximately* OAC
  • - CMHC Flex Down Cost: $600
Cost of Zero Down: $2400 ($1800 plus $600 CMHC - these amounts are "not out of pocket at the time of purchase")

Depending on your situation the Zero Down Payment Mortgage - CMHC Flex may make sense for you. Apply today to see if you qualify!


One Minute Application

I am planning to with an estimated purchase price or value of . My approximate down payment is of the purchase value and my down payment is .  I am comfortable / or budgeting a monthly mortgage payment of around .

I have worked in my current employment for and I am earning a of
$ per .

I would say my credit score and history is


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Calgary and 0 Down Mortgages

Mortgage amounts in Calgary continue to rise steadily in response to higher home values. While home price increases have slowed from recent changes in mortgage legislation, they are expected to clip along at or slightly above inflation

Residential listing activity on the Calgary Multiple Listing Service® (MLS®) increased 3.7% and overall sales increased 10% in 2013. As such the average selling price for a single family dwelling in Calgary jumped 6.23% while condominiums decreased 2.80%.

We are the local experts in 0 down mortgages for Calgary. Contact us today at 587-400-9699.


Alberta Mortgage Source

1535 19 St
Calgary, AB T2N2K2
P: 587.400.9699 | Message Us | Contact Edmonton

0 Down Payment Mortgage Review


"Great program for me and my family. I'll let my friends and family know and send them to you."

- Karl N.

0 Down Payment Mortgage Review


"I really needed to get out of my apartment but was having trouble saving thanks again for helping me"

- Karli F.

0 Down Payment Mortgage Review


"The bank told me these 0 down payments didn't exist anywhere, I'm glad I searched online and found you guys, now I have a garage."

- Steve R.

Mortgage Payment Calculator

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Current Mortgage Rates: Our mortgage interest rates are subject to change without notice at any time. Some rates may be subject to minimum credit score O.A.C. If you have any questions regarding the rates offered please don't hesitate to contact us at 780-504-7024 or 1-866-690-7704.

Mortgage Rates Demystified

Current Mortgage Rates

  • 5 year No Down Mortgage5.09%
  • 5 Year Quick Close Mortgage5.09%
  • 5 Year Variable Closed6.29%
  • 3 Year Closed Mortgage5.99%
  • Home Equity Line of Credit7.35%
1 year fixed Closed Term5.99%
1 year Fixed Open Term6.50%
2 year Fixed Closed Term5.84%
3 year Fixed Closed Term5.99%
3 year Variable Closed Term6.55%
4 year Fixed Closed Term5.69%
5 year Fixed Closed Term5.09%
5 year Variable Closed Term6.45%
5 year Quick Close Fixed Sp5.09%
5 year Fixed Closed Builder6.39%
Open Home Equity Line7.40%
Click for more rates