First-Time Home Buyer Mortgages in Ontario
Buying your first home? I'll line up every program, incentive and dollar of down-payment help you qualify for.
Your first mortgage shouldn't feel like a maze. As an independent broker I compare 88+ lenders and stack every first-time-buyer advantage — from the tax-free FHSA and RRSP Home Buyers' Plan to the Ontario Land Transfer Tax rebate — so you get into your home for less, with a rate the big banks won't advertise.
What you get
As little as 5% down
5% on the first $500K and 10% on the portion above, up to a $1.5M purchase price with insured financing.
Up to 30-year amortization
First-time buyers and new builds can qualify for a 30-year amortization to lower monthly payments.
FHSA + Home Buyers' Plan
Use up to $60,000 tax-free from your RRSP plus your First Home Savings Account toward your down payment.
Land Transfer Tax rebate
Ontario first-time buyers can claim up to $4,000 back (plus a further rebate in Toronto).
Simple, from first call to close
Get pre-approved so you know your true budget and lock a rate for up to 120 days.
Shop with confidence — you'll have a real number and a rate hold in hand.
I finalize the lowest rate you qualify for and guide you to a smooth closing.
Common questions
How much down payment do I need as a first-time buyer in Ontario?
A minimum of 5% on the first $500,000 of the price and 10% on any portion between $500,000 and $1.5M. Below a $1.5M purchase price you can use insured (high-ratio) financing.
What credit score do I need for a first-time buyer mortgage?
Most A-lenders look for a score around 680+, but I work with lenders who approve lower scores. A pre-approval tells us exactly where you stand — with no impact from a soft check.
Can I use my RRSP for a down payment?
Yes. The Home Buyers' Plan lets you withdraw up to $60,000 tax-free (per person) from your RRSP, and the FHSA lets you save and withdraw tax-free for your first home.
How long does pre-approval take?
Often the same day. It's free, there's no obligation, and it holds your rate while you shop.
Other programs
Let's get you approved
Free, no credit check, no obligation. See your best rate in 60 seconds.
