Buying Your First Home in Ontario
Approvals built for real financial lives, not just the ones that fit a bank's checklist.
Why First-Time Buyers Work With Interfinance.
Banks qualify you on a formula. We qualify you on your actual ability to carry a mortgage. If your income is non-traditional, your credit needs context, or your down payment doesn't fit a standard box, we work with you to find a path to homeownership.
- First and second mortgage options available
- Alternative and private lending across Ontario
- Approvals based on real-world income, not just line 15000
Per Year.
Speed Is the Difference
A straightforward process. A slow approval can cost you the home. We built our process around speed without cutting corners:
- Approvals in as little as 1 hour
- Funding in as little as 24 hours
- Direct access to underwriters — no call centres
- Clear answers, even on complex files
We create professional mortgage solutions. brands!
How to Apply
We accept applications two ways:
- Through your mortgage broker
- Directly from you as the client
Either way, our team reviews your file personally and works with you to structure a mortgage that fits your situation.
Get Started
Whether you're working with a broker or reaching out directly, we're ready to move quickly on your first home purchase.
Contact Interfinance
Frequently asked questions
First-time home buyers in Ontario typically need stable income, a good credit history, a down payment, and proof of employment. The minimum down payment depends on the purchase price of the home, and buyers may also need to qualify for mortgage stress tests. Working with a mortgage professional can help you understand your options, improve approval chances, and access the best available rates and programs for first-time buyers.
In Ontario, the minimum down payment starts at 5% for homes under $500,000. For homes priced between $500,000 and $999,999, the requirement is 5% on the first $500,000 and 10% on the remainder. Homes priced at $1 million or more typically require at least a 20% down payment. First-time buyers may also be eligible for programs that help reduce upfront costs and make homeownership more accessible.
A mortgage broker can help first-time home buyers compare lenders, secure competitive rates, and navigate government incentives and approval requirements. They also guide you through the entire process—from pre-approval to closing—ensuring you understand your budget and avoid costly mistakes. This support can significantly increase your chances of successfully buying your first home in a competitive Ontario market.
What Our Clients Say After Working With Us.
My husband and I have had the pleasure of dealing with Kiran from Interfinance Mortgages on a couple occasions and she has exceeded our expectations. Very straight to the point, honest and helpful. Would highly recommend!
Pretty R.
Working with Kiran at Interfinance Mortgage Corporation was a fantastic experience. She helped us secure a home construction loan, and the entire process was handled with professionalism, patience, and genuine care.
Baskaran R.
Was placed in a sticky situation. Kiran and her team at Interfinance were extremely helpful. They put together a mortgage when no other lender could help. They are trustworthy and fast. They are easy to speak with and can help clear your debt.
Gagandeep K.