Rate Relief From 3.99%

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 $19B in funded Canadian mortgages, in fact). And unlike a bank, our non-commissioned 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 Home Savings Account (FHSA) offers a tax free way to save and withdraw funds towards your first home down payment and buying cost.
  • RRSP Home Buyers Plan (HBP) allows you to borrow from your savings to put towards a down payment, interest free.
  • First-Time Home Buyer Incentive program provides federal funds to top up your down payment.
  • 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!).

Wonderful experience working with Robert Dang! As a first time home buyer I was quite nervous and overwhelmed but Robert walked me through the entire process, explained everything in detail and was super responsive!

– April from ON, February 2023

I had an outstanding experience working with my mortgage broker, Pawandeep Singh! He was professional and knowledgeable from start to finish, and he went above and beyond to ensure I received the best possible mortgage for my needs. His expertise in the industry and commitment to finding me the best rate made the entire process seamless and stress-free.

– Aswanth from BC, February 2023

Jas Singh is an exceptional mortgage broker that exceeded my service expectations. I always felt that my needs were being prioritized. He was always highly responsive to me, even during non-traditional hours. After making the largest purchase of my life, I could not be happier with the outcome. I got my dream home in my dream community.

– Travis from ON, March 2023

We highly recommend True North Mortgage. Besides getting the best rate, the whole process went very smoothly. Thank you so much Nav Basi for your guidance and agility. As newcomers and first-time home buyers we couldn't be better assisted.

- Guilherme from AB, March 2023

Other ways to get a helping hand.

Some Canadians are coming up with more creative strategies to get them into home ownership faster. Here are some topics that may interest you:

We regularly help first-time buyers with all of the above mortgage solutions.

Get expert advice to find your way home.

No matter where you are in Canada, expert mortgage help is a click or phone call away.

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

Open the door to home ownership — by using your RRSPs for your first down…

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.

Our rates are 0.20% lower on average compared to everyone else. Prove it? Okay!

Learn More
5-Star Reviews

5-Star Reviews

We care, and it shows — we now have over 13,000 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 approval 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 rates and options. Here's how they work.

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