Speaking with a licensed mortgage professional before you start looking for your first home gives you the opportunity to learn about various mortgage products and the mortgage process. It also gives you access to a variety of lenders and mortgage products you cannot access without a mortgage professional. This ensures you find the mortgage that is right for you.
Who Qualifies for a First-Time Home Buyers Mortgage
To qualify you need to have:
- A minimum of 5% down payment (see Borrowed Down Payment Program to purchase with less)
- Proof of employment and income
- Not Owned Property in the last four years
- Fair Credit Rating or better
Often people do not think they qualify when they do, or they are just a few steps away from being able to qualify. So, do not assume you cannot qualify for a mortgage. Instead, speak with a skilled mortgage professional who can put a plan in place to get you qualified.
First-Time Home Buyers Programs
There are several First Time Home Buyer Programs available including:
First-Time Home Buyers Incentive
First-Time Home Buyers Tax Credit
GST/HST New Housing Rebate
Call us to find out more about each program.
How to Get Started.
Contact us today (249-979-0025 or 289-795-4649) to get more information or to schedule your free consultation.