First-Time Home Buyer in Orleans
Work with a licensed Ottawa mortgage agent and take the next step toward owning your dream home in Orleans.
- No Hidden Fees
- 35+ Lenders
- Same Day Pre-Approval
Your Trusted Partner for an Orleans First-Time Home Buyer Loan
I’m Matt Price, an Ottawa-based mortgage agent helping first-time home buyers secure financing for homes in Orleans. Instead of representing a single bank, I compare mortgage options from multiple lenders so I can focus on what’s best for you. As someone who lives and works in Ottawa, I understand the local housing market and the communities that make this region a great place to call home.
Buying your first home is a major milestone, and I’m here to make the process easier. I’ll guide you through every step, explain your financing options clearly, and help you choose a mortgage that supports your long-term financial goals.
Competitive Rates
Access to multiple lenders and competitive rates.
Unbiased Advice
Unbiased advice tailored to your goals.
Flexible Solutions
Flexible solutions the banks do not always offer.
Faster Approvals
A smoother and faster approval process.
Full Support
Support from application to closing and beyond.
Local Expertise
Ottawa-based agent who understands the local market.
Down Payment Programs for First-Time Buyers in Orleans
Two government programs can help you build a stronger down payment:
First Home Savings Account (FHSA) - Government of Canada:
Contribute up to $8,000 each year, with a lifetime contribution limit of $40,000, into a tax-deductible savings account. When the money is used to purchase your first home, qualified withdrawals are completely tax-free and never have to be repaid.
Home Buyers' Plan (HBP) - Government of Canada RRSP:
Access up to $60,000 from your existing RRSP, or up to $120,000 for eligible couples, without paying tax at the time of withdrawal. Unlike an FHSA, these funds must be repaid to your RRSP over a 15-year period.
Many first-time buyers combine both programs, using savings from each to increase their down payment on the same home purchase.
Not sure which mortgage programs you’re eligible for or how to maximize your savings? With access to more than 35 lenders, I’ll help you find the right financing solution and savings strategy for your first home in Orleans.
Estimate Your Monthly Payment
Use our calculator to estimate your mortgage payments.
What Our Clients Say
My clients appreciate straightforward guidance, prompt communication, and a hassle-free mortgage experience. Many come back when it’s time to refinance or purchase another home, and they’re confident referring to friends and family because they know I’ll always put their needs first.
“As first-time buyers, we were overwhelmed. Matt made everything easy and found us a rate 0.5% lower than our bank!”
Sarah & Michael T.
Barrhaven
“Refinanced and saved $300/month. Smooth process, always available. Highly recommend!”
Robert & Patricia C.
Kanata
“Self-employed, thought a mortgage was impossible. Matt found the perfect lender. Can’t thank him enough!”
Jennifer L.
Orleans
Frequently Asked Questions
Have questions? We’ve got answers.
What is the difference between a mortgage agent and a bank?
They are limited to selling only their own mortgage products, banks and credit unions. On the other hand, a mortgage agent has access to many lenders and not just one. I am a licensed mortgage agent in Ottawa, working on your behalf shopping mortgage rates and financing options from 35+ lenders to find the best fit for your needs.
Whether you are buying your first home in Orleans or your fifth investment property, an experienced mortgage professional can help guide you through the mortgage process. Rather than taking the word of a lender, you’ll have someone working to find the best option for your individual circumstances.
How much do your services cost?
Nothing usually. Most of the time, I get paid by the lender after your mortgage is closed. So you can use my mortgage comparison services, application assistance and advice throughout the closing costs and all the steps without having to pay any upfront fees.
How much down payment do I need?
Your down payment amount will depend on the price of the home you are purchasing. Homes under $500,000 require a 5% down payment. For homes $500,000 to $999,999 you will need 5% down on the first $500,000 plus 10% down on the balance. Homes costing $1 million or more require a downpayment of at least 20%.
Not sure how much home you can afford comfortably (including property taxes and other home ownership expenses)? We will discuss your budget together during your initial consultation.
What is a mortgage pre-approval?
Mortgage pre-approval gives you a clear idea of what you can afford. It tells you how much you can likely borrow, locks in your interest rate for up to 120 days and shows sellers you’re a serious buyer. I can usually have your pre-approval ready for you in 24-48 hours.
A mortgage pre-qualification is a good place to start if you just want a ballpark idea of what you can realistically afford each month. Most of the time it can be done in less than 24 hours.
Can you help with bad credit or self-employment?
Absolutely. Having less-than-perfect credit or being self-employed doesn’t automatically prevent you from buying a home. With access to 35+ lenders, including alternative and non-bank financing options, I can often find mortgage solutions for first-time buyers whose financial situations don’t fit traditional lending guidelines.
Do I need mortgage insurance?
Yes, if your down payment is less than 20% of the home’s purchase price. Mortgage insurance (also known as default insurance) is insurance that protects the lender in case of default. In most cases the insurance premium is rolled into your mortgage balance, rather than paid up front. But before you take that next step, let me show you how it affects your mortgage payments and total borrowing costs.
Can I use my RRSP or FHSA toward my down payment?
Yes. Many first-time buyers use both programs. Qualified buyers can save up to $40,000 tax-free for a home purchase with the First Home Savings Account, and you can withdraw up to $60,000 from your RRSP to help finance the same purchase with the Home Buyers’ Plan.
Let's Make Your Next Move Simple
Whether you are exploring your options or ready to apply, I am here to help. Reach out today for a personalized mortgage strategy and discover how much you could save with a local mortgage agent in Ottawa.