First-Time Home Buyer Mortgages in Toronto
Your Path to Homeownership Starts Here
First-Time Buyer Programs
Buying your first home is easier when you know which programs you qualify for. I'll walk you through the ones that save first-time buyers real money, including the First Home Savings Account (FHSA), the Home Buyers' Plan (HBP), the Land Transfer Tax Rebate, and CMHC-insured mortgages with down payments as low as 5%. You won't need to memorize any of it. I'll match you to the right programs for your situation and help you stack the ones that apply.
Pre-Approval in 24 Hours
Before you start house hunting, you should know exactly what you can afford and have the financing in writing. I'll secure your pre-approval in as little as 24 hours and lock in your rate for up to 120 days, so you can shop with confidence and move fast when the right place shows up. If rates drop during that window, you get the better rate. If they rise, you're protected.
A Guide From Offer to Keys
First-time buying comes with a lot of unfamiliar steps like offers, conditions, appraisals, and closing costs, and most of it hits in a short window. I'll be the one explaining what's happening, what's normal, and what to watch out for at every stage. You'll always know what to sign, what to expect next, and what it costs, so by closing day there are no surprises, just keys.
Frequently Asked Questions
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Affordability depends on your income, debts, down payments, and current rates.
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A pre-approval confirms how much you can borrow and can lock in a rate for a period of time.
IT also makes your offer stronger when you’re ready to buy.
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Besides your down payment, you should budget for:
Land transfer tax
legal fees
home inspection
Closing adjustments
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Yes programs include the following:
First-time home buyer incentive
land transfer tax rebates
RRSP home buyers’ plan (HBP)
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Most lenders prefer a credit score of 680+ but there are options available for lower scores depending on your situation.
I can guide you on how to improve your approval chances if needed.
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If your down payment is under 20%, mortgage default insurance is required. It allows you to buy with less down but is added to your mortgage.
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Typically you’ll need:
ID
Proof of income ( job letter, pay stubs, T4s, NOAs)
down payment verification
Bank statements
Still Have Questions? Let’s Talk.
Every situation is different. If you're ready to start the process or just want to explore your options, I'd love to hear from you.