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First-Time Home Buyers

There is an excitement that comes with shopping for your first home, but in today’s market, we understand that it can be nerve-wracking as well.

At W.H McDougall & Associates, we want you to know that being a homeowner is a goal within your reach. Our mortgage brokers hope to take the stress off your shoulders by showing you all your options as a first-time homebuyer. From start to finish, we’re happy to help you find the most competitive mortgage rates and discounts available to you.

To learn more, get in touch with us now at (519) 670-5239 and schedule a no-obligation consultation.

How Do You Qualify for First-Time Buyer Mortgages?

When it comes to qualifying for a first-time mortgage, there are specific requirements you must meet. Our mortgage specialists will go over the steps with you ensuring you meet the criteria. If you’re hoping to get a first mortgage, you will need:

  • Consistent, stable cash flow
  • Good credit report
  • Minimum 5% down payment upfront

From checking your credit score to applying for mortgages with the best lenders, our team will be with you every step of the way. We make the mortgage process as simple as possible for you so that you can focus on the fun part – searching for your new home.

What Incentive Programs are there for First-Time Homebuyers?

As the housing market becomes more expensive, first-time home buyer discount programs have been put in place to empower potential young buyers to purchase their first home.

There are many resources that can make your mortgage more manageable. From the First-Time Home Buyer Incentive (FTHBI) to the Home Buyers’ Plan (HBP), our mortgage specialists will point you towards the incentives that are most worthwhile for your situation. We’ll sit down with you to answer any questions and address any concerns you may have.

Pros and Cons for First-Time Homebuyers

Our knowledgeable staff is well-informed on the latest in first-time buyer mortgages. We can help you navigate the mortgage process while also introducing you to first-time buyer discount programs applicable to your situation.

There are many benefits and potential pitfalls to consider when considering these programs:


  • First-time buyers can receive funding towards down payments
  • They may apply for up to 10% interest-free mortgage loans
  • They may have access to the housing market when they otherwise couldn’t afford it

Possible Pitfalls

  • The buyer loses an equity interest in their home as a result of the mortgage loan
  • A family is only eligible for these resources if their annual income is under $120,000
  • There are restrictions on what kind of investment you can make

Explore the Best Mortgages for First-Time Buyers

When it comes to purchasing your first home, it’s always best to start examining mortgages with W.H McDougall & Associates. This way, you’ll find out how much you qualify for, and you’ll be well-informed on the resources applicable to you as a first-time homebuyer.

Ready to become a homeowner? Contact our mortgage professionals now at (519) 670-5239 to get started.

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