Introducing Rate Relief. Starting at 3.49% for Black Friday.

First Time Home Buyers

Feel the joy of saving money with your great rate and better mortgage — the first time out. Here's how we make it simple (because it's all we do).

Your first home? Good thing it's not our first mortgage.

Take advantage of our deep mortgage experience. And lower rates, of course.

We've been doing this mortgage thing for quite a while (to the tune of over 13 billion in funded Canadian mortgages, in fact). And unlike a bank, our no-commission True North Mortgage brokers have the freedom to check with all lenders to get you the best rate for your situation. Plus, our volume allows us to pass along a rate discount, which can add up to thousands over the life of your mortgage.

Talk to us — we make it easy, and there's no cost and no obligation. It's literally a no-brainer. Or simply apply now for a fast response and unbeatable mortgage advice.

More than great rates, the type of mortgage you get really matters.

See an ultra, ultra low rate on the web? Guess what? The mortgage that comes with it may trap you with higher penalties or restrictions that cost you more money in the long run or at renewal time. For your first mortgage, it's important to get the right fit at the best rate so that it works for you over the long term.

That's where we come in — we know mortgages inside and out and can find the right one for you. If you go to your bank, you'll only get what they offer. We can check with all of them (plus our own THINK Financial) which means you can sleep easy knowing that you didn't miss out on a better option.

Need cash upfront? We can offer Cash Back Mortgages on both variable and fixed rates. Ask us if this option is right for you.

Your very first home is exciting, yet intimidating — here's how we make it easy.

Besides being a big commitment, it may be the single most important financial decision you'll ever make. That sounds hard, but we make the process easy and smooth, while saving you a pile of cash:

  • Check out our first-time starter guide for great info and tips.
  • See your numbers with our designed-for-you mortgage calculators and other helpful tools.
  • Apply online easily. Our form quickly funnels your questions to target your situation, and tells you what info you need to provide. Hit 'submit,' and we get back to you shockingly fast.
  • Or, connect with us at one of our store locations or over the phone.
  • Get an expert broker who can help you in your preferred language.
  • Know that you'll get the best rate and mortgage fit, with unified, expert brokers who do all the haggling for you (we're very competitive on your behalf).
  • Understand the difference between a variable and fixed rate, and what payment type you should start with.
  • Get a real person who helps you, right to the end. In fact, we're with you when you first walk through your own front door (just kidding, but we're with you in spirit, doing a dance of joy).

Read more: Mortgage FAQs

Your first mortgage — there are programs and rebates to help.

We have great advice that may help soften the financial blow of your first home. With higher entry prices, especially in larger-centre markets, there are federal and provincial programs and rebates available:

  • First-Time Home Buyer Incentive program provides federal funds to top up your down payment.
  • RRSP Home Buyers Plan (HBP) allows you to borrow from your savings to put towards a down payment, interest free.
  • Federal First Time Home Buyers Tax Credit that can provide up to $750 to put towards closing costs.
  • Other federal and provincial tax rebates that may provide extra funds towards closing costs and GST/HST relief.

Feel free to talk to us even before you want to apply, to get the info you need. Then, when you're ready, we'll check with the lenders on your behalf and take you through all the options for your best financing solution. You'll get your mortgage approved at the best rate and most flexible terms.

You'll save thousands, giving you the best start for your very first home.

Need a realtor? We can help with that too — with referrals based on our long-standing, trusted relationships within the industry.

A smoooooth process, from beginning to end.

It's your first mortgage, but definitely not ours. You'll have peace-of-mind knowing that our highly-trained brokers use their insights to assist you through every step of your mortgage process, smooth as silk:

  • Your Down Payment: When you first buy a home, the amount of your down payment can make a difference, though a borrower may go as low as 5% down if you have an excellent credit history. We can help you look into various strategies and programs to help fund your down payment.
  • Your Pre-Approval: We quickly determine the mortgage amount and best interest rate for which you qualify, according to the latest federal stress-test requirements. Most True North Mortgage pre-approvals come with a 120-day rate hold (depending on the lender) — so when you start house-hunting, you have a good idea of what you can afford plus some time to find the perfect place. And make sure to do this, but not that to help ensure your pre-approval goes all the way to the finish line.
  • The Purchase of Your Home: Make sure to include a condition day, and give yourself at least one week to finalize all financing. Don't forget to use the time to get a home inspection!
  • Your Paperwork: Our mortgage broker will explain, in detail, all of the paperwork that the bank/lender requires.
  • The Close: All paperwork will be sent to the lawyer of your choice.

When you first walk through your (own) door, you'll feel the joy of knowing that you got the best mortgage rate and fit, and that we're always here for you in the future (think mortgage renewal time!).

I cannot say enough good things about this organization. Tim Galang and his team were absolutely amazing, extremely professional and helpful. This was my first home purchase and the entire process was very easy to understand in what would normally be a very stressful time.

– David L. from Manitoba, October 2021

Alex Savciuc [Online Chat Team] was exceptionally helpful. From the first time I spoke to Alex about buying our first home, he was accessible, patient and extremely courteous. He was prompt to reply, and always had the information we requested. Alex went above and beyond, and we're very satisfied with his service.

– Chin O. from Canada, September 2021

I had a great experience with Nikki Haller [Online Chat Team]. Great communication and made the process super easy. I got an even better rate than advertised.

– Sydney C. from Canada, September 2021

Get the mortgage help you need, right here.

Great resources you may find useful

First-Time Home Buyer Incentive

First-Time Home Buyer Incentive

A government program to help you get into the market with an interest-free loan.

Learn More
RRSP Home Buyers' Plan

RRSP Home Buyers' Plan

A program to help with your first down payment — by using your RRSPs.

Learn More
A (really smart) starter guide to buying your first home.

A (really smart) starter guide to buying your first home.

Excited to think about buying your first home? Check out these great tips.

Learn More
Proof that our rates are lower.

Proof that our rates are lower.

Not just a boring chart. See how much more you save with our better rates.

Learn More
5-Star Reviews

5-Star Reviews

We care, and it shows — we now have over 11,000 5-star client reviews.

Learn More
Pre-Qualify in Minutes

Pre-Qualify in Minutes

Know before you go (house hunting, that is). Get pre-approved fast, hold your best rate.

Learn More
Variable vs Fixed Mortgage Rates

Variable vs Fixed Mortgage Rates

Which to choose, variable or fixed? Some pros and cons to help you decide.

Learn More
Credit 101

Credit 101

Learn more about your credit, a big piece of your mortgage puzzle.

Learn More
Your Income

Your Income

Your income matters for getting a mortgage. Here are some details.

Learn More
Mortgage Down Payments

Mortgage Down Payments

Want to buy a home? You'll need at least 5% down. But wait, there's more.

Learn More
Purchase Plus Improvements

Purchase Plus Improvements

Need to renovate? Welcome to loan sweet loan. One manageable mortgage, one best rate.

Learn More
Housing Stats

Housing Stats

Get to know the latest Housing Market trends, to inform your buying and selling decisions.

Learn More
Land Transfer Tax (LTT)

Land Transfer Tax (LTT)

Know about this closing cost? Here's how it varies by province or city.

Learn More
Mortgage FAQs

Mortgage FAQs

Your mortgage is a big decision. Here's some info to help sort it out.

Learn More
What is an Insured Mortgage?

What is an Insured Mortgage?

Insured mortgages can mean better options. Here's the gist.

Learn More
Watch Out For Mortgage Traps

Watch Out For Mortgage Traps

Is your spidey-sense tingling? Watch out! That bargain-bin rate may cost you more later.

Learn More
Do This, But Not That

Do This, But Not That

Here are some things to know, to help get your pre-approval over the goal-line.

Learn More
Great advice for your new home build.

Great advice for your new home build.

Important things to keep in mind when buying pre-construction.

Learn More
New Home Details Wishlist

New Home Details Wishlist

"I wish we thought of that!" Get ahead of design regret with this helpful list.

Learn More