First-Time Home Buyer Mortgage in Montreal | AS Hypothèque
Buying your first home feels like the biggest financial decision of your life. And honestly? It is. But it doesn't have to be overwhelming. After 10 years of helping first-time buyers across Montreal and the South Shore, I can tell you: the process is simpler than most people think. I put this page together to answer the questions I hear most often. Let me walk you through it.
What Does a First-Time Buyer in Montreal Need to Know?
You don't need a 20% down payment to buy your first home in Canada. You can get started with as little as 5% down on homes under $500,000. For the portion between $500,000 and $1,500,000, the minimum down payment is 10%. CMHC mortgage insurance covers the rest of the lender's risk. Programs like the First Home Savings Account (FHSA) and the Home Buyers' Plan (HBP) can help you build that down payment faster than you'd expect.
Here's the thing. Montreal and the South Shore have seen strong demand over the past few years. That means knowing your budget before you start looking is critical. A mortgage pre-approval can give you a rate guarantee* and tells you exactly what you can afford. It's the first real step, and it's one I walk every client through.
Is This the Right Service for You?
This is for you if:
- You've never owned a home and you're ready to take that first step
- You're not sure how much you can borrow or how much you need to save
- You've heard about first-time buyer programs but don't know which ones apply to your situation
- You just want someone to explain the process in plain language, with no pressure
Whether you're looking in Montreal, Brossard, Longueuil, or anywhere on the South Shore, I've helped hundreds of buyers in your exact situation. It's more manageable than it looks.
Why Work With a Broker Instead of Going to Your Bank?
Your bank offers one set of products. One.
I work with over 20 lenders, and I shop your file to every one of them. My job is to find you the best rate, not the one that's most convenient for a bank.
In my experience, most first-time buyers don't realize they have options beyond their bank. That's where I come in. I'll review your down payment options, explain which programs you qualify for, and guide you through the entire process. No jargon, no pressure, no surprises.
And here's the best part: there's no cost to you. Brokers are paid by the lender after your mortgage closes*.
Let's talk about your project, no commitment, no pressure.
*Certain conditions apply.
Our Process for First-Time Home Buyer
Each case follows a clear, proven process so you know exactly what to expect from start to finish.
Review Your Finances
Income, credit score, savings, and existing debt. This is what every lender looks at first.
Get Pre-Approved
I submit your file and secure a rate hold for 90 to 120 days. You'll know exactly what you can afford.
Shop & Make an Offer
Shop with confidence, not guesswork. Financing conditions protect you while I finalize everything behind the scenes.
Close at the Notary
Sign the paperwork, hand over the remaining down payment, and pick up your keys.
Areas Served for First-Time Home Buyer
We offer our first-time home buyer services across Montreal's South Shore. Select your area to check availability.
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