First Time Home Buyer Approval in Canada

Purchasing a home is one of the most important decisions you will ever make. Choosing the right mortgage professional to partner with can be the crucial first step towards helping you achieve your home buying goals.

At, we will help fulfill your dream of homeownership and make the process quick and easy for you. Apply for financing now. Let’s turn your dream home into reality!


Begin Your Journey
in Successful Homeownership Today

We understand that the first-time home-buying process can be daunting and overwhelming. Our mortgage experts are here with you on every step to answer your questions and provide professional support to ensure a hassle-free, seamless, home buying experience.
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Am I Eligible For First Time Home Buyer Programs?

Qualifications For First Time Home Buyer Canada 

To be eligible for Canada's federal and provincial first-time homebuyer programs, you must meet several criteria:

Buying a house for the first time can be exciting and overwhelming. That’s where we come in. We are here to help you get the best approval for your first-time home buyer mortgage application!

Call Us: 1-855-668-3074
Approvals within 24 hours

Steps in Buying Your First Home

To help you get started on your home ownership journey, here are the steps you must take plus some helpful tips:

Save for a Down Payment

When purchasing a home, having a minimum 20% down payment will provide you with added freedom in the process and save you thousands of dollars on interest payments and mortgage insurance.

Establish a Good Credit Score

Building a favorable credit report should be one of your priorities before purchasing a home, and this can be achieved by taking pre-emptive steps to better your credit, such as:

A favorable credit score and a reliable income are essential components when attempting to get approved for a mortgage.  

Check Your Housing Affordability

A range of factors influences housing affordability, including:

Determine Where to Buy a Home  

After budgeting for your new home you must decide where to purchase it and consider key aspects like the following: 

Calculate Your GDS/TDS and Pass the Mortgage Stress Test 

Understanding your Gross Debt Service (GDS) and Total Debt Service (TDS) will give you an insightful view of how well-prepared you are to pass the Canadian Mortgage Stress Test.

Get an Estimate of the Closing Costs   

It’s important to get an estimate of the closing costs when buying a home for the first time so that you can budget for these expenses and understand the full cost of purchasing a home.

When buying a house in Ontario, it’s wise to budget 3-5% of the purchase price for closing costs. Land Transfer Tax and Lawyer & Legal Fees are the most significant contributors to these expenses.

Investigate Assistance Programs 

Try to explore the assistance programs available. You may qualify for tax credits that make buying a home more achievable. You may also get help with the down payment, closing costs, and other related costs.

To get desirable results, it’s best to seek professional advice and assistance from one of our expert brokers at

Get a Mortgage Pre-approval & Shop Around for the Best Rate   

A pre-approval is a mutual agreement between you and your lender. Remember that getting a pre-approval doesn't mean you cannot compare different rates.  

Obtaining pre-approval for a mortgage can be incredibly helpful in the long run, as it grants you knowledge on how much your mortgage loan may come to and what kind of interest rate you are eligible for.   

Look for Properties in your Price Range 

It's easy to be tempted to broaden your search and raise your budget, but you should try to identify homes within your price range that have a desirable living environment. Look to the Multiple Listing System (MLS) in the area you're interested in and ask your real estate agent for suggestions.

Get Insurance

Take the time to see what different providers offer. With different premiums and terms available, something out there works for you.  

Arrange A Home Inspection

Ensure there are no issues with the property, so you can adjust your offer price accordingly before making a purchase and avoid any unpleasant surprises. Doing your homework before making an offer can save you time and money in the future. 

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Make Your First-Time Home Buying
A Rewarding Experience! 

With, you’ll have access to the best mortgage assistance and advice to make your dreams of home ownership a reality.  
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Mortgage Approvals for First-Time Home Buyers

As a first-time homebuyer, your credit score and down payment will open the door to some of the best mortgage rates. Even if you have never purchased before, having good credit and a substantial down payment make all the difference in finding the best loan.

To ensure a hassle-free buying process, turn to us at! We’ll make your first home buyer mortgage approval as smooth and easy as possible.

Ready To Make A Wise Investment?  

Start Your Application Now!

We will help you with the entire process, from application to closing. Get pre-approved today and start house hunting with confidence!   
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Turn To Us And Trust The Process!

As a first-time homebuyer, you can make your dreams of owning a home come true with careful planning and preparation. By saving your down payment strategically, monitoring your credit score, and researching the mortgage rates available, you are one step closer to owning your dream home!

With, you’ll get the professional assistance you need for a hassle-free, fulfilling home buying experience. We are excited to guide you on your journey toward becoming a first-time homeowner! Apply now!

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