Apply for a first-time
home buyer mortgage

There are several unique programs and mortgage types available for first-time buyers to make the process easier and more affordable.

Buy a Home

Are you a first time home buyer?

If you're a first-time home buyer, The Mortgage Firm can help you make sense of the process and feel confident about your decisions. We'll guide you through every step of the mortgage journey, from finding the right loan to closing on your new home. Our expert advice will help you avoid any common pitfalls along the way. Don't go it alone - let us help you make your first mortgage a success!


The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada. In Ontario, the program offers:

  • 5% or 10% for a first-time buyer’s purchase of a newly constructed home
  • 5% for a first-time buyer’s purchase of a resale (existing) home
  • 5% for a first-time buyer’s purchase of a new or resale mobile/manufactured home

If you have not owned a house in the last four years that you live in or that your current spouse or common-law partner owned, you are considered a first-time home buyer in Ontario.

According to CHMC, your monthly housing costs, including mortgage payments and utilities, should not exceed 35% of your income. Staying within this range will help ensure you can afford your home and keep up with other monthly expenses.

Our mortgage specialists know the ins and outs of securing a mortgage and will work with you every step of the way to make sure you're ready to buy your home. We'll help you prequalify for a mortgage, and guide you through the next steps toward homeownership - all with your best interests in mind. Our years of experience and dedication to our clients will help make your homeownership dreams a reality.

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Your mortgage matters. To learn about your mortgage options, lock in your mortgage rate and more – whatever you need, we’ll do the work for you.