Eligibility To Apply First Time Home Buyer Mortgage
An individual who qualifies as a first time home buyer is eligible to apply a mortgage when purchasing their first home. To qualify, a person:
- Must not have previously owned a home
- Must not currently mortgage or re-mortgage a home
- Must be at least 18 years old
- Must be a Canadian citizen or a permanent resident
- Must occupy the home as your principal residence
- Must not own a stake in a property anywhere in the world
- Must not have a spouse or common-law partner owning a property
Government Grants & Programs For First Home Buyers
Don’t put off your dream home or property any longer! Get pre-approval for a mortgage today!
First-time Home Buyers’ Incentive
This Government of Canada incentive program helps reduce the monthly mortgage for first home buyers without adding to the existing financial burdens.
First-time Home Buyers’ Program
This provincial program for first-home buyers is formulated to reduce or eliminate the property transfer tax meant to be paid on first-home purchases.
Home Buyers’ Plan
This Federal Government program allows eligible buyers to withdraw funds from their Registered Retirement Savings Plan to buy or build a first home.
Why Work With Our Brokers?
At Sandhu & Sran Mortgages, our team of trusted mortgage experts is dedicated to providing the best mortgages for first home buyers in Surrey. With a personalized approach and customized solutions, we not only help in mortgage approval but also refinance and renewal.
Low Rates
Our mortgage rates are quite competitive and low cost compared to other brokers.
Fast Approval
We pride ourselves on quick mortgage approvals with reliable guidance & honest advice.
Bad Credit Approval
We specialize in getting first home mortgage approved with bad or low credit score.
Easy Application
Our first home mortgage application process is quite simple to file and easy to navigate.
With years of experience in the mortgage industry and a wide network of first time home buyer lenders in Surrey, we have managed to earn a track record of satisfied clients. If you are in need of first home mortgage approval, renewal or refinance, contact our mortgage brokers right away.
