Zero Down Payment Saved Mortgage Calgary

If you have zero down payment saved you still have options as there are mortgages options available. There is confusion in the market due to recent changes in federal legislation eliminating bank cash back mortgages for zero down payment, but enhanced Zero Down Flexible Down Payment mortgage programs still exist. Bankers 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.

Zero Down Payment Saved - CMHC Non-Traditional

Incredibly affordable, under this program you receive a fully discounted rate and it's often below the rate that the bank can offer. The additional cost of this program through CMHC amounts to $250 per $100,000 borrowed, this is charged once, and appied to the balance of the mortgage. These mortgages are 100% safe as they are backed by the federal government 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 Zero Down Payment Mortgage in Calgary.

CMHC Flex Down

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 the Zero Down Mortgage

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 zero 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

Zero Down Payment Mortgage in Calgary


"Katharine was great to work with and I want to thank you guys for getting us into a home 4 years soone then expected"

- Janice and Steve L.

Zero Down Payment Mortgage in Calgary


"You guys were the only people who really set me straight and helped me out with this purchase. I would recommend you to anyone."

- Dianne P.

Zero Down Payment Mortgage in Calgary


"Best mortgage advice on the zero down becasue my bank said it was gone but they were completely wrong."

- Dale A.

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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