For Consumers NJHMFA Down Payment Assistance (NJHMFA …
5. CMHC First-time Home Buyers’ Incentive CMHC offers qualifying first-time home buyers with household incomes less than $120,000 a year and a five per cent down payment a 10 per cent shared equity mortgage for a newly constructed home OR a 5 per cent shared equity mortgage for an existing home. The buyer repays the incentive later or at re-sale. ................
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