RBC No Down Payment Mortgage™

No Down Payment? No problem

Are you dreaming of owning your own home, but haven't quite saved enough for a down payment? We understand that despite your good income and excellent credit history, saving the required down payment can be tough.

Now it's possible to purchase your home without a down payment.

The RBC No Down Payment Mortgage lets clients purchase their home sooner and start building home equity right away. All you need is 1.5% of the purchase price to cover closing costs¹.

Perfect for First Time Home Buyers The Benefits Realize your dreams of home ownership with as little as 1.5% of the purchase price to cover your closing costs.

Mortgage Features

We have many mortgage options designed to help save interest costs and meet your personal financial requirements.

• Pay Down Your Mortgage Faster. Reduce the number of years it takes to pay off your mortgage and enjoy substantial savings by Increasing Your Monthly Payments, Making Double-Up^® Payments, Accelerating Your Payment Schedule, Making Principal Prepayments and more!
• Flexible Payment Options. You'll enjoy the comfort of knowing you're protected with our Interest Rate Protection, Skip-A-Payment^®, and our Mortgage Add-On feature.

Let our mortgage specialists simplify and streamline the process for you

Still uncertain about the steps to buying a home or understanding how much you can afford? You can speak to a mortgage specialist by visiting any RBC Royal Bank branch, calling 1 877 769-2570, and our mobile mortgage specialists are available 24/7 and would be happy to visit you at your home or office.

We can help you look at your plans and discuss options like the RBC No Down Payment Mortgage. We can also pre-approve your mortgage so you'll know how much you can afford on a home before you start looking.

						Get Pre-Approved Lock your rate, and know exactly how much home you can afford.
							Start your Pre-Approval online		Talk to a Mortgage Specialist		Call now - 1 877 769-2570

¹ You can borrow 100% of the appraised property value or purchase price of your new home - whichever is less.

Subject to Royal Bank of Canada lending criteria for residential mortgages. Guarantors not permitted for credit qualification purposes. Mortgage default insurance premiums apply. Some additional conditions apply. Offer may be changed, withdrawn or extended at any time without notice.