First-Time Home Buyer in Barrhaven
Connect with a licensed Ottawa mortgage agent for trusted financing guidance and start your journey to a dream home in Barrhaven.
- No Hidden Fees
- 35+ Lenders
- Same Day Pre-Approval
Your Trusted Partner for an Ottawa First-Time Home Buyer Loan
I’m Matt Price, a licensed mortgage agent based in Ottawa, helping first-time home buyers secure financing for homes in Barrhaven. Since I work independently from any single bank, I can compare mortgage options from multiple lenders to help you find the right fit. Living and working in Ottawa has given me valuable knowledge of the area’s real estate market and growing communities.
Purchasing your first home should be exciting, not overwhelming. I’ll provide honest advice, answer your questions, and help you make smart mortgage decisions that support your financial future.
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 Barrhaven
You may qualify for two government programs that can help grow your down payment:
First Home Savings Account (FHSA) - Government of Canada
This account allows you to contribute up to $8,000 each year, up to a lifetime maximum of $40,000, while receiving tax deductions. Qualified withdrawals for your first home are entirely tax-free, and there's no obligation to repay the money.
Home Buyers' Plan (HBP) - Government of Canada RRSP
You can withdraw up to $60,000 from your RRSP, or $120,000 if purchasing with a qualifying partner, without paying tax on the withdrawal. The amount is repaid back into your RRSP over a 15-year repayment schedule.
Many buyers maximize their purchasing power by combining both programs for the same home purchase.
Planning to buy your first home in Barrhaven but not sure where to begin? I work with more than 35 lenders to help you find mortgage solutions and savings strategies designed to make homeownership more affordable.
Estimate Your Monthly Payment
Use our calculator to estimate your mortgage payments.
What Our Clients Say
Providing honest recommendations, clear communication, and a seamless mortgage experience is always my priority. As a result, many of my clients come back for future mortgages and confidently recommend my services to friends and family.
“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?
Banks and credit unions can only offer mortgages from their own organizations. As a licensed mortgage agent in Ottawa, I have access to over 35 lenders and the ability to compare a wide range of mortgage options for you, rather than pushing one lender’s products.
If you are buying a home for the first time or buying again in Barrhaven, the process can be made easier with personalized guidance. I’ll help you explore your options, so you can move forward with confidence knowing you’ve looked beyond the solution of just one lender.
How much do your services cost?
I normally don’t charge for my services at all. Usually, the lender pays me after your mortgage closes. So you get to reap the benefits of mortgage shopping, financing advice, application help and support from start to finish; at no cost to you.
How much down payment do I need?
The down payment you need depends on the price of the home. Homes under $500,000 require 5% down payment. If the purchase price is $500,000 to $999,999, you will require 5% on the first $500,000 and 10% on the excess. For homes $1 million and above, the minimum down payment is 20%.
In your first meeting we will go beyond just the purchase price and work out your total housing costs, including property taxes and other ongoing costs, so you know what you can reasonably afford.
What is a mortgage pre-approval?
Pre-approval puts you in a better position when you’re ready to buy. It verifies your estimated borrowing power, allows you to lock in an interest rate for up to 120 days, and gives sellers more confidence in your offer. Most of the time I can get a pre-approval out in 24-48 hours.
If you’re a buyer who simply wants an estimate before going through the whole process, a pre-qualification can give you a general idea of your monthly payments within 24 hours.
Can you help with bad credit or self-employment?
Yes. Having self employed income or credit issues doesn’t automatically disqualify you from buying a home. I have access to 35+ lenders, including alternative financing sources, and can help identify mortgage solutions that fit a wide variety of financial situations.
Do I need mortgage insurance?
In general, if you put down less than 20% of the home’s value, you will need to pay for mortgage insurance. This type of insurance is for the benefit of the lender, and is usually paid as part of your mortgage as opposed to a separate upfront payment. I will look at how it impacts your monthly payments before you sign off on your mortgage.
Can I use my RRSP or FHSA toward my down payment?
Yes. Many buyers use both to increase their down payment. The FHSA allows tax-free savings for your first home and the Home Buyers’ Plan lets you withdraw up to $60,000 from your RRSP to put towards that same purchase.
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.