Your Path to Homeownership Starts Here
Quick answer
Quick answer (Canada): First-time homebuyer mortgages let you purchase with as little as 5% down when insurer rules are met. Approval looks at income, credit, debt ratios, down payment source, and the federal stress test. We compare fixed and variable options from 65+ lenders and help you stack incentives like HBP and land-transfer-tax rebates.
See: Pre-Approval Guide · Affordability Calculator · Closing Costs Guide
Learn more from the CMHC home-buying resource on down payments and mortgage insurance.
Becoming a homeowner is an exciting milestone and Genesis Group is here to make it stress-free. Whether you’re navigating mortgage incentives, calculating down payments, or choosing between fixed and variable rates, our expert brokers compare 100+ lenders to secure the right fit for your goals. We’ll guide you every step of the way so you can focus on finding your perfect home.
Why Choose Genesis Group for Your First-Time Mortgage?
- Exclusive First-Time Buyer Programs: Take advantage of federal and provincial incentives that reduce upfront costs.
- Access to 100+ Lenders: From big banks to credit unions and alternative lenders, we find you the best fit.
- Expert Guidance: We simplify the mortgage process with tailored solutions for first-time buyers.
- Rate & Term Options: Compare fixed and variable rates designed to suit your lifestyle and budget.
- Dedicated Support: Our brokers advocate on your behalf to secure your first property with confidence.
Key Benefits of Our First-Time Homebuyer Mortgage Solutions
- Lower Down Payment: Get started with as little as 5% down.
- Incentive Access: Maximize government programs like the Home Buyer’s Plan.
- Rate Security: Lock in your rate for peace of mind while you shop.
- Faster Approvals: Begin your home search with confidence and clarity.
- Personalized Strategies: Structure your mortgage to match your long-term goals.
How It Works (Step-by-Step)
- Assess Your Affordability: Use our Mortgage Affordability Calculator to set your budget.
- Get Pre-Approved: We run the numbers to lock in a rate and confirm your approval amount.
- Shop With Confidence: House hunt knowing your exact budget and terms.
- Finalize Your Mortgage: Once you’ve chosen your dream home, we secure financing at the best available rate.
- Close With Support: We guide you through the legal and financial details until you have the keys in hand.
5 Year - Fixed Term from
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No cost, no obligation—just your best rate in minutes.
At Genesis, we’re dedicated to securing the lowest rate possible for you. Your personalized rate depends on factors like credit score and home equity, in line with Canadian regulations. Get your tailored details quickly—with zero cost, zero obligation, and total peace of mind.
Discover the Key Benefits of Choosing Your First Time Homebuyer Mortgagewith Genesis Group.
⭐⭐⭐⭐⭐ Experience Guaranteed
My husband and I had used Kirk and his team upon closing a deal on our home. We couldn’t be more happy with everything Kirk and Brittney have done for... read more
Laura Vescio
11/13/2024My partner and I have been in our first home for over a month now and we cannot thank Kirk and The Genesis Team enough! Kirk was patient, professional, supportive,... read more
stephanie B
01/13/2023Had a great experience dealing with Brittney. Fantastic communication and really worked for me and my needs. Will never go anywhere else for my financial needs
Mark Winter
11/13/2024As a first-time homebuyer, navigating the mortgage process can be incredibly daunting, but The Genesis Group made it not only manageable but truly rewarding. I had the distinct pleasure of... read more
Rohan Spence
05/13/2024Kirk is a class act! He helped me with my first home property mortgage and couldn’t have asked for a more professional person to deal with. Him and his team... read more
Lui Vescio Jr.
12/13/2024Was a great experience working with Kirk and his team. They not only helped me refinance my mortgage on my house, they also assisted me in a commercial business acquisition.... read more
Sean P.
02/21/2024Could not say enough about The Genesis Group. The level of dedication, professionalism, and knowledge is unmatched. When dealing with such a big life decision like buying a house -... read more
Maria Woychyshyn
11/13/2024I had a great experience with The Genesis Group. The process was smooth, with clear communication and competitive rates. Their team was responsive and helpful throughout. Highly recommend!
Breanna Bacik
09/13/2024If getting a mortgage was an Olympic sport, these guys would take gold—blindfolded, on a unicycle, while juggling flaming swords. They made the process so smooth, I was half convinced... read more
Samantha L
09/13/2024
Gain access to our vast network of 100+ lenders offering tailored residential mortgages to suit your financial needs.
Real results for Canadian first-time buyers
Condo purchase, fixed rate
Insured approval with 10% down and a 120-day rate hold. Smooth close.
Read case studyNewcomer family, 20% down
Global credit evidence accepted and approval at 80% LTV. School-year move in.
Read case studyBudget clarity and buffers
Affordability plan and pre-approval gave offer confidence and clean conditions.
Read case studyHelpful Tools & Guides for First-Time Buyers
Pre-Approval Guide
Everything you need to know about securing mortgage pre-approval as a first-time buyer in Canada.
Affordability Calculator
See how much home you can afford based on your income, debts, and down payment.
Closing Costs Guide
Learn what expenses to budget for beyond your down payment to avoid surprises.
Mortgage Product Comparison
Compare fixed, variable, and hybrid mortgage options to choose the right fit for your first home.
Homebuyer Tax Implications
Understand tax credits, rebates, and deductions available to first-time homebuyers in Canada.
FAQ About First Time Homebuyer Mortgages in Canada
What is a first-time homebuyer mortgage?
A first-time homebuyer mortgage is designed for Canadians purchasing their first property. These programs often include incentives or rebates, making homeownership more accessible. Learn more in the Mortgage Pre-Approval Guide.
What incentives are available for first-time homebuyers in Canada?
Incentives may include the First-Time Home Buyer Incentive, RRSP Home Buyers’ Plan, land transfer tax rebates, and programs from CMHC or provincial governments. These can reduce upfront costs and increase affordability.
How much down payment is required for first-time buyers?
The minimum down payment is 5% of the purchase price up to $500,000. For homes between $500,000 and $999,999, the requirement increases. We’ll show you insured vs. conventional options to keep your budget realistic.
Can I get approved if I’m self-employed?
Yes. With proper documentation such as Notices of Assessment, bank statements, or accountant-prepared financials, self-employed Canadians can qualify. Review our Self-Employed Mortgage Solutions.
How do I know how much I can afford as a first-time buyer?
Use our Mortgage Affordability Calculator to estimate your budget based on income, debts, and down payment. We’ll also run a pre-approval to lock in a rate and give you buying confidence.
Are closing costs included in my mortgage?
Closing costs such as land transfer tax, legal fees, title insurance, and adjustments are separate from your mortgage. We’ll provide an estimate upfront so you’re fully prepared. See the Closing Costs Guide.
Start Your Journey to Homeownership Today
Take the first step with Genesis Group. Our experts are ready to help you explore first-time buyer incentives and secure the best mortgage for your new home.
Get Pre-Approved Now Read the Pre-Approval Guide
