At Canadian House Partners, we understand the importance of aligning financial decisions with your faith. Our Halal Mortgage program is designed to help you achieve homeownership in a manner that complies with Islamic principles, ensuring peace of mind throughout your journey.
Begin by submitting an application. We'll assess your financial situation to determine eligibility, focusing on your ability to maintain consistent payments rather than traditional credit scores.
Once approved, you'll select a home within your budget. Our team will assist you in finding a property that meets your needs and complies with Shariah guidelines.
We purchase the property and enter into a co-ownership agreement with you. You'll gradually acquire our share of the property over time through scheduled payments.
You move into the home and make monthly payments, which include a portion towards purchasing our share and a fair rental fee for the portion you don'thalal-mortage.
Upon completing all payments, full ownership of the property is transferred to you, free and clear.
Our Halal Mortgage program is open to: