Best Edmonton Mortgages

First Time Home Buyers

Buying a home should be an enjoyable experience from start to finish. It can however, be at times stressful. Making sure you work with the right people who understand first time home buyers needs can really make a difference. At Best Edmonton Mortgage we make sure that we not only make a great decision, we make sure you know why you made the decision you did. Education is important to us, we want to make sure our clients not only enjoy their experience but gain some experience from it as well.

That's ok, we can help. We deal with Lenders that understand that people change jobs, or that some people stay in school for a while before starting at the career that they have always wanted. There are Lenders that cater to clients who have recently started at a new position. If this sounds like you, we maybe able to help you.

We definitely can help, a lot of lenders have programs in place that allow for clients like these. There a first time home buyers programs that allow for a client who has zero down to borrow the money that they need for a down payment. While other programs allow for a client to get a mortgage with nothing down. Best Edmonton Mortgage works a great deal with clients in this position and can help you get to where you want to go.

Some of our First Time Buyer Programs


0% Down Payment

This Product allows the client to borrow the 5% that is required to purchase a home in Canada. The Bank is able to recoup the 5% down payment through the interest gained in the first 5 year term of the mortgage. The client must have good job stability, a strong credit score, and the ability to make future payments.

Cash Back

This product is perfect for the client who has enough for the down payment but wants to save money to buy furniture or perhaps make some intial renovations to the home. Client will receive 1.5% of purchase price as cash back to freely make purchases.

Flex Down Borrowed

This product is for clients who are having difficulty coming up with the 5% required to purchase a home in Canada but still want the strongest rates possible. This product allows the client to borrow the down payment from outside of their own personal resources. This means the client can get a loan from a bank or another financial institution to use as the down payment. The client would receive the financial institutions best rate and not the posted rate which is generally higher. However, the lender must see that the client has enough income to cover the new debt that the loan will bring as well as their monthly mortgage payment. 

Call us or email us and we would be able to send you a brochure in regards to any of these products.  

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