New Brunswick First-Time Home Buyer Incentives for 2024 | WOWA.ca

This Page's Content Was Last Updated: April 2, 2024 WOWA Trusted and Transparent New Brunswick First-Time Home Buyer CalculatorInputsHome PriceAnnual Household IncomeDown Payment% = Property TypeBest 5-Year Fixed Mortgage Rates in Canada Mortgage Term:1-Yr2-Yr3-Yr4-Yr5-Yr FixedVariableSee More RatesCalculate Your Mortgage PaymentHome PriceInterest Rate%Goverment Incentive OptionTo learn more about your mortgage payment, try our Mortgage Payment Calculator.ResultsYour Monthly Payment $1,9651.96k Mortgage Amount(Incl. CMHC Premium) $463,950464k New Brunswick First-Time Home Buyer IncentiveThe Government of New Brunswick’s Home Ownership Program provides a repayable loan of up to $75,000 to first-time home buyers. To qualify, you must have a household income less than $40,000 and have been a resident of New Brunswick for at least one year. The Home Ownership Program provides a repayable loan for 40% of the purchase price, of up to a $75,000 loan. This loan is interest-free for households...