First-Time Home Buyer

Libro makes owning your first home a reality. Get your home ownership started with a Libro Coach today.

What To Think About Before Buying Your First Home

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What are you wanting out of your home?

Are you looking for a fixer upper? Do you need a big backyard? What are you needing out of your home?

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What much can you afford?

With your income, living expenses, debts and down payment – how much can you afford? If you aren’t sure, check out our First Time Home Buyer Mortgage calculator.

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What is a down payment?

This is the amount of money you put towards the purchase of your home! It must be a minimum of 5% of the purchase price.

Cash Back Mortgage Offer

When buying a new home, money can be tight. With Libro’s Cash Back Mortgage offer, you can get the cash you need to buy those new appliances, pay your land transfer tax, lawyer fees, closing costs or save for your future. Receive 2.5% of the mortgage balance in cash on a 5-year term. See full terms and conditions.


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Government Incentives

The Government of Canada has put programs in place to support first-time home buyers and help Canadians get into their first home. Check out the resources below for more information or contact a Libro Coach to find out if one of these programs will work well for you!

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First-Time Home Buyer Incentive

The program offers 5 or 10% of the home’s purchase price to put toward a down payment.

Go to Resource
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GST/HST New Housing Rebate

This rebate allows an individual to recover some of the tax paid for a new or substantially renovated house

Go to Resource
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Home Buyer’s Plan

This program allows you to withdraw from your registered retirement savings plans to buy a home.

Go to Resource

More reasons to get a mortgage with us

When you bank local, you support local

In 2019, Libro reinvested $1.5 Million back into our community.

Libro invests 100% of profits back into the people, businesses and communities we serve. When you choose to bank local, you are helping our local economy thrive.

Libro is proud to be a Certified B Corporation, joining leaders of a global movement of people using business as a force for good. B Corp certification aligns with our business model and Prosperity Purpose, helps us to be transparent and allows Libro to help bring awareness to the global movement of businesses working to solve social and environmental challenges.

Local Impact

As a Libro Owner, you’re part of a larger purpose of helping to grow prosperity right here in southwestern Ontario. In 2018, we reinvested $1.5 million into our communities through grants, sponsorships, donations, student awards, and our strategic partnerships.

Business For Good

Libro is proud to be a certified B Corporation®, joining leaders of a global movement of people using business as a force for good™. B Corporations (or B Corps) are important because they inspire all businesses to compete not only to be the best in the world, but also to be the Best for the World®.

Expert Coaching

Financial coaching is one important way Libro is different from banks. Every Owner at Libro gets their very own Coach — a financial expert who cares about you and your success. Your Coach gets to know you and your situation and always offers personalized financial advice to help you reach your goals.

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