First-Time Home Buyer in Cornwall
Buy your dream home in Cornwall with personalized support from a licensed mortgage agent proudly based in Ottawa.
- No Hidden Fees
- 35+ Lenders
- Same Day Pre-Approval
Your Trusted Partner for an Ottawa First-Time Home Buyer Loan
I’m Matt Price, an Ottawa mortgage agent helping first-time buyers get into homeownership in Cornwall. Rather than the products of just one financial institution, I shop mortgage options from a wide network of lenders to find financing that works for you. Serving clients all over the Ottawa area has given me a great insight into the local housing market.
I’m here to help make the mortgage process easier from start to finish, from your pre-approval to your closing day. My focus is to help you make informed decisions that fit your budget and position you for long-term financial success.
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 Cornwall
If you're saving for your first home, these two government programs can help increase your down payment:
First Home Savings Account (FHSA) - Government of Canada
Contribute to a tax-advantaged savings account (up to $8,000 annually and $40,000 in your lifetime). If you use it for an eligible first home purchase, the withdrawals are tax-free and you don't have to pay them back.
Home Buyers' Plan (HBP) - Government of Canada RRSP
You can withdraw up to $60,000 from your RRSP (or up to $120,000 for couples) towards the purchase of your home and not pay tax on the withdrawal. You'll repay those dollars to your RRSP over the next 15 years.
Many first-time buyers choose to use both programs in combination, which allows them to put more money down on their home purchase.
Mortgage programs can be scary to navigate, especially if you’re a first-time buyer. I have access to over 35 lenders and will help you get the right financing and build a savings strategy to make your first home in Cornwall a reality.
Estimate Your Monthly Payment
Use our calculator to estimate your mortgage payments.
What Our Clients Say
My goal is to deliver reliable advice, timely communication, and a stress-free mortgage journey from beginning to end. Many clients return whenever they need financing again and refer the people they care about because they trust me to look after their best interests.
“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?
A bank or credit union can only lend its own pool of money for mortgages. When you work with a licensed mortgage agent, you have access to a broader range of financing options. I shop mortgage rates and terms from over 35 lenders to find the right fit for your financial situation from my Ottawa office.
Buying a home in Cornwall is one of life’s biggest investments, regardless of whether it’s your first purchase or your fifth. Having someone who can compare multiple lenders and explain your options helps you make a more informed decision than simply accepting a single mortgage offer.
How much do your services cost?
Most clients pay nothing for my services. My fee is usually covered by the lender after your mortgage closes, giving you professional guidance, access to mortgage options from multiple lenders, assistance with your application, and help navigating closing costs at no additional cost to you.
How much down payment do I need?
The amount you’ll need for a down payment is determined by the home’s purchase price. For homes under $500,000, the minimum is 5%. If the home costs between $500,000 and $999,999, you’ll need 5% on the first $500,000 plus 10% on the remaining balance. Homes priced at $1 million or above require at least 20% down.
If you’re unsure where your budget falls, we’ll go through your finances together during your first consultation and account for expenses like property taxes and other monthly ownership costs.
What is a mortgage pre-approval?
A mortgage pre-approval officially establishes your home buying budget. It tells you how much you may qualify to borrow, holds your interest rate for as long as 120 days, and helps reassure sellers that you’re a qualified buyer. Most pre-approvals are completed within 24 to 48 hours.
If you just want to get an idea of what your monthly mortgage payments will be, a pre-qualification can usually be completed in less than 24 hours and gives you an idea of what you can expect to pay.
Can you help with bad credit or self-employment?
Yes. If you have credit concerns or self-employed income, you can still buy a home. I have access to 35+ lenders including non-bank and alternative financing providers so I can often match buyers with mortgage options that fit their individual circumstances.
Do I need mortgage insurance?
If your down payment is less than 20%, mortgage insurance is usually required. The policy protects the lender if the loan defaults, and the premium is usually added to your mortgage balance. I will ensure you understand the impact on your financing before you decide.
Can I use my RRSP or FHSA toward my down payment?
Yes. Many first-time buyers combine the two programs to get the most money they can. An FHSA helps you save up to $40,000 tax-free for your first home and the Home Buyers’ Plan lets you withdraw up to $60,000 from your RRSP toward your down payment.
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.