KCCU works with members and potential members through CMHC to assist in getting them to qualify to purchase a home with as little as 5% down. Talk to your Lending/Investment Specialist at your nearest branch and find out what you need to know as a first time homebuyer. We can explain things in a straightforward fashion to help you to understand what you need to know as a first time homebuyer. We’ll negotiate the best rate for you and help you to get everything you need in order to make your first home purchase smooth and simple.
CMHC (Canada Mortgage and Housing Corporation) is a crown corporation of the government of Canada. Their web site can guide you through the process of determining what you need in order to qualify for a mortgage as a first-time homebuyer.
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A third party is an individual or entity, other than the account holder or those authorized to give instructions about the account, who directs what happens with the account. For example, if an account were opened in one individual’s name for deposits that are directed by someone else, the other person or entity would be a third party.