Posted on Friday, October 11th, 2019

The First-Time Home Buyer Incentive helps qualified first-time home buyers reduce their monthly mortgage carrying costs without adding to their financial burdens.

There are a few qualifiers to apply for this incentive:
  • You need to have the minimum down payment to be eligible
  • Your maximum qualifying income is no more than $120,000
  • Your total borrowing is limited to 4 times the qualifying income 
If you meet these criteria, you can then apply for a 5% or 10% shared equity mortgage with the Government of Canada. A shared equity mortgage is where the government shares in the upside and downside of the property value.

Want to know more? Check out the FAQ here or contact us to chat with one of our Home Consultants!

Eagle Homes

At Eagle Homes, each and every one of our homes are building code compliant as required by local and provincial housing authorities. We produce high quality, affordable manufactured homes built by a team of experts in a climate-controlled area. Find us in Salmon Arm, Kamloops, Cranbrook and Castlegar.

Locations

Salmon Arm, BC
1190 51 Street NE
Salmon Arm, BC
250-833-4728

Kamloops, BC
7510 Dallas Drive
Kamloops, BC
250-573-2278

Cranbrook, BC
2232 Cranbrook Street N.
Cranbrook, BC
250-489-1230

Castlegar, BC
4430 Minto Road,
Castlegar, BC
250-365-2121