First Time Home Buyer Mortgage Support

Find out how much you can afford with a fast, accurate pre-approval.

Purchasing your first home is an exhilarating experience, yet it can also be daunting. As a reliable mortgage broker serving Edmonton and St. Albert, I assist first-time buyers in navigating the mortgage landscape, comprehending their choices, and obtaining the optimal financing to turn their dream home into a reality.

How I Help First-Time Home Buyers

Making Your First Home Purchase Simple and Stress-Free!

Pre-Approval Made Easy


Knowing your budget before house hunting builds confidence and helps you make informed decisions. By understanding your financial limits, you can focus on properties that fit your needs, avoiding those out of reach. I will guide you through the pre-approval process, ensuring you understand your financing options and obtain a vital pre-approval letter. With this, you can shop confidently, assured you're making the best choices for your future home.


Low Down Payment Options


First-time buyers often feel overwhelmed by the down payment, viewing it as a significant barrier to homeownership. This initial cost can be intimidating, but various programs are designed to help ease these expenses. I’m here to guide you through options that can alleviate this burden, making homeownership more attainable without financial strain. Together, we will explore valuable resources to help you realize your dream of owning a home sooner than you think.

Customized Mortgage Solutions


Every buyer’s financial situation is unique, requiring careful consideration. I create tailored mortgage plans that align with your income, debts, and long-term goals. By understanding your circumstances, I ensure the mortgage solution meets your immediate needs and adapts to future aspirations. This approach makes the home-buying process seamless and beneficial, so you can feel confident in your financial decisions toward homeownership.

Understanding Mortgage Programs


From conventional mortgages to government-backed programs, I meticulously explain your options in clear and simple terms, ensuring you fully understand the various possibilities available to you. By breaking down complex concepts and providing relatable examples, I empower you to make informed decisions that align with your financial goals and personal circumstances. Whether you're a first-time homebuyer or looking to refinance, my aim is to guide you through the process with confidence.

Why Work With Me?

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Local Expertise

First-time homebuyers typically have more questions because they lack the insights gained from previous experiences. I make it a priority to keep my clients informed about every step of the process while regularly checking in to ensure their understanding and addressing any questions they might have.

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First-Time Buyer Focus

Helping first-time buyers is my passion. I guide you through each step, ensuring you feel informed and confident. I answer your questions and address concerns to eliminate surprises, providing the support you need for optimal decisions. Your journey to homeownership should be smooth, and I'm here to help.

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Trusted Mortgage Advice

I collaborate with leading lenders to secure competitive rates and a mortgage solution tailored to your financial situation. Leveraging these relationships, I guide you through the mortgage process confidently, providing options that align with your goals for a smooth experience.

What Mistakes Do First-Time Home Buyers Make?

Keep your mortgage on track with the best terms!

Many first-time home buyers make the mistake of not getting pre-approved before house hunting or underestimating the total costs, including taxes, insurance, and maintenance.


Many people neglect their credit profile, select inappropriate mortgage options, or concentrate solely on the home price without accounting for ongoing expenses. They may head to their bank where they maintain their accounts, believing this is their only or best choice. Often, they are unaware of the services mortgage brokers provide, which can lead to them not seeking out a mortgage broker for their preapproval process.


Skipping a home inspection, letting emotions drive decisions, not planning for future needs, overextending their budget, or not working with a trusted mortgage broker are also common pitfalls.

Colorful Victorian houses in a row, Edmonton

FAQs

  • What is the minimum down payment for first-time home buyers?

    The minimum down payment when you are purchasing a home that you plan on moving into or a second home that you were purchasing such as a vacation property or a property for an immediate family member is 5% of the first $500,000 and 10% on any amount over and above $500,000. If you are purchasing an investment property or a property that you are not planning on moving, the minimum down payment would be 20%. There are some other instances where more down payment might be needed such as purchasing raw land. Quite often the minimum down payment requirement for raw land would be 25% of the purchase price, however that may be subject to lender and location. 

  • How much mortgage can I afford as a first-time buyer?

    I calculate affordability based on your income, debts, and current rates, helping you make smart decisions without overextending.

  • Can I get a mortgage with little or no credit history?

    Yes! I can guide you as a first-time buyer with limited credit history to lenders that specialize in flexible approvals.

  • How long does it take to get pre-approved?

    Most clients receive a pre-approval within 24–48 hours once documents are submitted.

  • What programs are available for first-time buyers in Edmonton and St Albert?

    Federal Programs


    • Home Buyers’ Plan (HBP) – Withdraw up to $35,000 from your RRSP to put toward your first home.
    • First-Time Home Buyers Tax Credit (HBTC) – Non-refundable tax credit of $5,000 on federal income taxes.

    Provincial Programs (Alberta)


    • Alberta First-Time Home Buyer Grant – Provides $5,000 toward the purchase of a new home.
    • Alberta New Home Buyer Program – Offers rebates on property taxes for newly built homes.
    • Alberta Mortgage Loan Insurance Rebates – Partial rebates on CMHC mortgage insurance premiums in some cases.

    Municipal / Local Support


    • City of Edmonton Home Ownership Programs – Occasional grants or incentives for affordable housing (program availability may vary).
    • St Albert Affordable Housing Programs – Local initiatives may provide support for first-time buyers or down payment assistance.

Download my Mortgage Planner app

  • Calculate your total cost of owning a home
  • Estimate the minimum down payment you need
  • Calculate Land transfer taxes and the available rebates
  • Calculate the maximum loan you can borrow
  • Stress test your mortgage
  • Estimate your Closing costs
  • Compare your options side by side
  • Search for the best mortgage rates
  • Email Summary reports (PDF)
  • Use my app in English, French, Spanish, Hindi and Chinese
Download

Take the First Step Toward Your New Home

Buying your first home doesn’t have to be stressful. Contact me today to discuss your mortgage options, get pre-approved, and start your journey toward homeownership in Edmonton or St Albert.

Let's Connect Today!