Financing a new home can feel different from financing a resale property. That’s why it’s so important to have a trusted mortgage partner who can help you explore your new-build mortgage options. Whether you’re purchasing a move-in-ready home or building from the ground up, Shane Homes can help connect you with mortgage partners who understand the path to possession.
Through Shane Homes’ partnership with MortgageTree, buyers can access mortgage guidance designed to support them from application to closing.
MortgageTree advisors help you understand your options, prepare for each step, and find a new-home mortgage in Calgary that aligns with your goals.
Spark Mortgages brings a personal, relationship-first approach to your new-build mortgage experience. Their team takes the time to understand your goals, explain your options in plain language, and support you through each stage of the process, from your first conversation to possession day.
At Spark Mortgages, building a strong relationship and understanding your goals always comes first.
With BMO, you gain exclusive access to home financing solutions that help you make real financial progress.
Connect with BMO today to get started.
RBC offers mortgage products and services that can support a variety of Shane Homes buyer needs. Their mortgage specialists can help you review your options, plan for your purchase, and explore financing solutions for your new home.
For assistance and further information, please reach out to the following Royal Bank of Canada mortgage specialists:
MORTGAGE OFFER FOR NEW BUILD HOMEBUYER
Mortgage Calculator results are for illustration only and do not constitute financial advice. Actual rates and payments may vary.
By using this calculator, you consent to Shane Homes and MortgageTree sharing and reviewing your information to assist with mortgage options. Your data will be handled per our privacy policies.*
Your mortgage approval can be affected by changes to your finances before closing. To help keep your new construction mortgage on track, avoid these common mistakes before your possession date:
Making large purchases: Wait until after you move in to make major purchases, start a new lease, or take out a new loan.
Changing your employment: Try not to quit your job, change jobs, or reduce your income before possession without speaking to your mortgage advisor.
Using your down payment for closing costs: Keep your down payment funds separate from the money you’ll need for closing costs so both are available when needed.
Damaging your credit: Stay current on payments and avoid high credit card balances or other changes that could affect your credit score.
Taking on new debt: Do not co-sign, guarantee, or take on another mortgage, loan, or major debt before closing.
Moving unexplained funds: Make sure any large deposits or transfers into your down payment account can be clearly explained and verified.
Submitting multiple mortgage applications: Avoid submitting multiple mortgage applications unless advised by your mortgage partner.
Getting pre-approved for a mortgage typically starts with submitting an application through a mortgage broker or lender. They’ll review details such as your income, employment, credit history, down payment, and overall financial situation to help determine how much you may be able to borrow. If approved, you’ll receive a pre-approval letter that can give you a clearer idea of your budget as you begin shopping for a new home.
Most mortgage applications require documents such as proof of income, employment verification, credit history, government-issued identification, and down payment details. For a new-build mortgage, your lender may also ask for information about the home, builder, purchase agreement, deposit structure, upgrades, or expected possession timeline. Exact requirements can vary, so it’s best to confirm with your mortgage partner before applying.
There are several incentives and programs available for eligible first-time homebuyers in Canada.
The Home Buyers’ Plan (HBP) allows eligible first-time homebuyers to withdraw up to $60,000 from their Registered Retirement Savings Plan (RRSP) to buy or build a qualifying home. If both buyers are eligible, a couple may each be able to withdraw up to $60,000. HBP withdrawals must generally be repaid to the RRSP over a 15-year period.
The First-Time Home Buyers’ Tax Credit, also known as the Home Buyers’ Amount, allows eligible first-time homebuyers to claim up to $10,000, which may result in a non-refundable tax credit of up to $1,500.
Eligible buyers may also be able to use a First Home Savings Account (FHSA) to save for a first home tax-free, subject to contribution limits and program rules.
For new-build homes, eligible first-time buyers may also qualify for the First-Time Home Buyers’ GST/HST Rebate, which can provide GST relief on qualifying newly built homes.
Programs, limits, and eligibility requirements can change, so it’s best to speak with your mortgage advisor or tax professional to understand which options may apply to your situation.
The mortgage approval process can vary but generally takes anywhere from a few days to a few weeks. The timeline depends on the complexity of your application and the responsiveness of all parties involved.
Yes, Shane Homes can help you with financing options for a new construction home in Calgary, Airdrie, or Chestermere. At Shane Homes, we partner with experienced mortgage professionals at MortgageTree, TD Canada Trust, ATB Financial, BMO, and RBC. We also have a Calculator Hub, where homebuyers can quickly estimate their monthly costs and down payment, run a Canadian mortgage calculation, and compare multiple scenarios side by side to find the option that fits their budget. Our Calculator Hub also helps you check what you can afford by estimating your maximum mortgage and the income you’d typically need. Contact our Area Managers for more information about your financing options.
Yes, financing a new build can be different from buying a resale home because the timeline, deposit structure, upgrades, and possession date may work differently. Depending on the lender and the type of home you’re buying, you may need to plan for a longer rate hold, builder documentation, updated financial details, or final approval closer to possession. A mortgage partner can help you understand what applies to your situation and keep your financing on track.
It’s best to speak with a mortgage partner early in the homebuying process, ideally before you finalize your purchase or select upgrades. Getting pre-approved can help you understand your budget, compare mortgage options, and move forward with more confidence when you’re ready to purchase. If you’re buying a new build with a longer possession timeline, applying early can also help you plan for rate holds, deposits, and closing requirements.
