County of Brant
In partnership with the Government of Canada, the Province of Ontario, the City of Brantford and the County of Brant, the B-Home Program has been developed to assist low to moderate income earners realize the dream of owning their first home.
The purpose of the B-home Homeownership Program is to:
- Make first time home ownership a reality for low to moderate income households in Brantford/Brant
- Ease the demand for rental housing by assisting renter households to buy affordable houses
- Offer down payment assistance for homebuyers through a 5% forgivable loan to a maximum of $17,500
Eligibility of Applicants:
- Must be 18-years or older.
- Must be a first time home buyer.
- Not own or have an interest in other residential properties or owe arrears/damages to another housing program.
- Must be currently renting in Brantford or Brant County, and also looking to purchase a home within Brantford or Brant County.
- Household income before deductions less than $88,400* and assets must not exceed $30,000.
- …more
Eligibility of the property:
- New units including conversions from non residential.
- Resale homes, home inspection must be undertaken and paid for by the purchaser.
- Purchase price cannot exceed 345,000
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Conditions for Repayment
- No repayment of the loan if home is sold after 20 years.
- If the home is sold before 20 year period expires, you must repay the original loan plus
5% of the capital appreciation - …more
How to Apply
- Mortgage Pre-Approval – Please contact a mortgage broker, trust company, credit
union, bank or other qualified lender of your choice to apply for a no cost mortgage
pre-approval. - …more
Complete your mortgage assessment