First Time Home Buyer Mortgage

Our Services – First-Time Homebuyer Mortgage

Buying your first home is an exciting milestone—but it can also feel overwhelming. From saving for a down payment to understanding mortgage options, there’s a lot to navigate.

Anton Mortgage is here to guide you through the entire process, ensuring you make informed decisions and secure a mortgage that suits your financial future.

What is a First-Time Homebuyer Mortgage?

A first-time homebuyer mortgage is a loan designed to help Canadians purchase their first home, often with access to incentives or flexible terms. These mortgages can include:

• Lower down payment options

• Access to government incentives

• Tailored mortgage structures to suit new buyers

• Support navigating lender requirements

Key Benefits for First-Time Buyers

Smaller Down Payments:
With as little as 5% down (on homes up to $500,000), homeownership is more attainable.

First-Time Buyer Incentives:
You may qualify for federal programs like the First-Time Home Buyer Incentive (shared-equity mortgage), Home Buyers' Plan (RRSP withdrawal), or Land Transfer Tax rebates.

Flexible Mortgage Terms:
Fixed, variable, and hybrid rates tailored to your financial comfort and long-term goals.

Expert Guidance:
We simplify complex terms, helping you understand total cost, affordability, and approval requirements.

Common Questions About First-Time Homebuyer Mortgages

What qualifies me as a first-time buyer in Canada?
You're considered a first-time buyer if you haven't owned a home in the past four years. Exceptions apply for those going through separation or hardship—ask us to evaluate your eligibility.

How much do I need for a down payment?
Minimum down payment requirements are:

• 5% for homes up to $500,000

• 5% on the first $500,000 + 10% on any portion between $500,000 and $1,000,000

• 20% for homes over $1,000,000 (not eligible for CMHC insurance)

What is mortgage insurance and when is it required?
If your down payment is under 20%, mortgage default insurance (from CMHC, Sagen, or Canada Guaranty) is mandatory. It protects the lender, not you, but allows you to buy with a smaller down payment.

What can I afford as a first-time buyer?
We help you calculate this based on your income, existing debts, and current interest rates—keeping your monthly payment affordable and sustainable.

How Anton Mortgage Supports First-Time Buyers

We’re more than mortgage brokers—we’re long-term partners in your homeownership journey.

Free Pre-Approval Consultation:
Understand how much you can borrow and lock in a rate while you shop.

Personalized Mortgage Planning:
We explain every term, every cost, and help you compare lenders—not just rates.

Step-by-Step Guidance:
From offer to closing, we handle paperwork, lender coordination, and every detail in between.

Post-Purchase Support:
Need to refinance later, renew, or buy again? We’re still here for you.

Ready to take the first step?
Book a free consultation with Anton Mortgage and make your first home purchase clear, confident, and financially smart.