Services

First-Time
Home Buyer Incentive

Contact us now to learn more about the First-Time Home Buyer Incentive program and how it can help you purchase your first home.

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Benefits of the First-Time Home Buyer Incentive Program

The primary objective of the First-Time Home Buyer Incentive Program is to enhance the affordability of homeownership and, as such, it offers numerous key benefits for those who are eligible.

Lower Monthly Mortgage Payments

Through the provision of a shared equity mortgage, the government helps to lower the monthly mortgage payments for eligible first-time home buyers. This can make homeownership more affordable and accessible for those who may not have been able to otherwise afford a home.

Shared Equity

The shared equity mortgage provided by the government means that the home buyer shares the equity of the home with the government. This means that the home buyer is not responsible for paying back the full amount of the mortgage, which can help to reduce financial stress and improve overall affordability.

No Ongoing Interest Payments

The shared equity mortgage provided by the government is interest-free, which means that eligible first-time home buyers do not have to pay ongoing interest payments. This can help to reduce the overall cost of homeownership and make it more affordable in the long run.

How to Apply for the First-Time Home Buyer Incentive Program

Should you express interest in applying for the First-Time Home Buyer Incentive Program in Canada, we are here to facilitate a smooth and streamlined process! We’ll start by evaluating your eligibility and securing pre-approval. Following these preliminary steps, will identify lenders within our network who actively participate in this program. We’ll answer your questions as we present you with the options, moving forward with your application once you feel comfortable with the terms and conditions.

How it Works

When applying for the First Time Home Buyer Incentive in Canada, Jason Anbara is in your corner to guide you through the process.

01
Application

The application process starts with obtaining your basic information, and we ensure we have all the necessary details before moving to the next steps.

02
Shop Rates

We analyze interest rates from over 67 lenders, enabling us to easily find the most optimal options available and present them to you.

03
Discuss Options

Each lender will have specific terms and conditions, and we’re here to explain them in terms you understand before proceeding with your application.

04
Obtain Approval

We’ll provide updates on the timeline of your mortgage as we await approval, keeping you informed every step of the way.

05
Close Mortgage

Soon enough, you’ll be ready to put in an offer and get the keys! Before you sign the contract, we will ensure you’re aware of all the details moving forward.

How to Maximize the Benefits of the First-Time Home Buyer Incentive Program

If you are interested in maximizing the benefits of the First-Time Home Buyer Incentive Program, we can help:

The First-Time Home Buyer Incentive Program is a Canadian government initiative designed to help first-time home buyers purchase their first home. Under the program, the government provides a shared equity mortgage to eligible first-time home buyers. We can help you make the most of this incentive as you search for your first home.

The program can help lower your monthly mortgage payments, but you still need to consider all of the costs associated with homeownership, such as property taxes, maintenance, and repairs. Ensure you have a realistic budget and are comfortable with the monthly payments before purchasing a home.

The program has a maximum purchase price limit based on the location of the property. Look for affordable housing options that fall within this limit to maximize the benefits of the program.

The First-Time Home Buyer Incentive Program can be used in combination with other programs and incentives, such as the Home Buyers' Plan. We’re available to help you understand your options and consider all of your financing choices to select the best approach for your unique situation.

Working with a knowledgeable real estate professional about the program can help you navigate the process and maximize the benefits. They can help you find affordable housing options and provide guidance throughout the process.

Apply Now and 

Get Approved Today

Buying your first home is an exciting time and Jason Anbara can support you every step of the way! We know the ins and outs of the First-Time Home Buyer Incentive Program in Canada, so you can focus on finding the right home at an affordable price.