First-Time Home Buyer Mortgages
Your first home is a big step. We'll walk you through pre-approval, government programs, and everything in between — free of charge.
What this service covers
Buying your first home means learning a lot at once: pre-approval, down payment rules, closing costs, and which government programs you actually qualify for. Nestwell handles the mortgage side end-to-end, so you can focus on finding the right home.
We compare 100+ lenders to find the best rate for your situation, and make sure you understand exactly what you're signing before you sign it.
Who it's for
- Anyone buying their first home in Ontario
- Buyers who want to know their real budget before house-hunting
- Buyers who qualify for the First-Time Home Buyer Incentive or RRSP Home Buyers' Plan
- Anyone confused by "pre-qualified" vs. "pre-approved"
How Nestwell helps
- Get you a real pre-approval, not just an estimate
- Explain every government program you're eligible for
- Shop 100+ lenders instead of one bank's rate sheet
- Walk you through closing costs so there are no surprises
- Stay available through the whole process, not just at signing
Programs we'll check you against
RRSP Home Buyers' Plan, the First-Time Home Buyer Incentive, Ontario Land Transfer Tax rebate, and CMHC-insured mortgage options for down payments under 20%.
Estimate Your Monthly Payment
Common questions from first-time buyers
Minimum 5% on homes up to $500K, with a sliding scale up to $1.5M. Above $1.5M, 20% is required. Anything under 20% needs CMHC mortgage insurance.
Pre-qualification is a rough estimate based on what you tell us. Pre-approval verifies your income and credit and gives you a rate hold — it's what you actually want before house-hunting.
It depends on household income and the home's location and price. We'll check your eligibility as part of your free assessment.
Pre-approval typically takes 24–48 hours. From accepted offer to closing is usually 30–60 days, depending on your closing date.
Ready to get pre-approved?
Free, no-obligation assessment. Monica will shop 100+ lenders for your first home.