Georgetown, Milton, Orangeville Mortgage Blog

Incentive First Time Home Buyers
 September 4 2019     Posted by Kenzie MacDermid

The First-Time Home Buyer Incentive is now available!

This shared equity program provides 5% of the cost of an existing home or 10% of a new home for first-time buyers with a minimum 5% down for an insured mortgage.

With the maximum allowable household income of $120,000, the top purchase price would be approximately $505,000 with 5% down.

Detailed information available here -…/first-time-homebuyer-incen…

It's complicated. Best to talk to your broker to see if you could benefit.

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