Government programs for home buyers

5% down payment program*
First-time home buyer mortgage

First-time home buyer mortgage

Brevity Mortgages offers the lowest mortgage rates and best service to first time home buyers. We’ll make getting your first mortgage a delightful experience. At Brevity, we’re here to help you take that first step to home ownership. We understand the questions and concerns that you have about your first mortgage, what it will cost you, whether you can afford it, and all of the other issues surrounding the initial plunge into home ownership, and will answer them for you in a straightforward and understandable way. We will work to smoothly and effortlessly navigate you through the mortgage process, holding your hand all the way. Brevity offers you, the first time home buyer, Canada’s best and cheapest mortgages, packaged for simplicity and speed.

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Down payment rules effective February 2016

It can be exciting to purchase your first home. Homes up to $500,000 are eligible for a 5% downpayment. The 10% price increase above $500,000. will require homebuyers to pay 10%.

Example: A $700,000.00 purchase price will result in a minimum down payment.
  • 5% off the first $500,000 = 25,000
  • 10% off your next $200,000 = $20,000
  • Total cost of $25,000 + $20,000 = $45,000
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  • Probability

    You can get the best portability options from the lender to help you choose the best time to close your mortgage.

  • Low-Frills Mortgage

    Low-frills mortgages are a good option if you don't intend to move, refinance or make large prepayments within the next five years.

  • Extra-Savings

    Because they can't afford to take on interest risk, most first-time buyers choose a 5-year fixed rate.

  • Hybrid mortgages

    Variables are best if you can find one that will keep your monthly payment constant regardless of changes in interest rates. This makes budgeting easier and provides peace of mind in the event that interest rates rise.

Steps & Process

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Why you should choose Brevity mortgages


  • We provide the most reliable mortgage solutions for your dream house
  • We provide curated solutions specific to your mortgage needs based on your qualification
  • Rapid mortgage approvals and fast closings
  • You can save time and Money
  • Best lender discounts and promotional offers for best interest rates
  • Access to experienced and professional Mortgage Agents
  • Brokers in the industry
  • Credit Score privacy

Brokers or and Agents

  • Dedicated team to help you with your clients
  • Veterans who share their industry experience and help you with each step
  • One on One Support and Training
  • Mentors that specialize in residential, commercial and business mortgages
  • Campaigns proven to work for potential leads
  • Online presence with digital marketing techniques
  • VIP access to top-tier compensation and lenders
  • A dedicated professional office space for client meetings and brainstorming sessions


Frequently Asked Questions

The Canadian Federal and Provincial Governments have several rebates, grants and other programs to help Canadians acquire first mortgages and transition to home ownership.

Federal Programs:

  • The First Time Home Buyers Tax Credit Program (HBTC)
  • The Home Buyers Plan (HBP)

Provincial Governments: Benefits may vary according to the province selected, but includes the following,

  • Home Buyers Tax Credit
  • Property Transfer Tax (PTT) Rebate
  • Land Transfer Tax Rebate

Contact Brevity Mortgages to learn more about these schemes.

When acquiring Mortgages with less than 20% down you must have Mortgage Loan Insurance provided by either the Canadian Mortgage and Housing Corporation (CMHC) or Genworth Canada.

Most times Canadian homebuyers save for a down payment, with certain lenders you could put down as little as 5% of the purchase price which can come from sources other than your own. These lending arrangements are subject to certain restrictions based on income level and credit score.

The 5% down payment can come from borrowed funds such as a line of credit or family member. Keep in mind that the amount borrowed for a down payment is factored into debt service ratios which will establish how much you are eligible to borrow.

The 5% down payment can come from a cash back feature of the mortgage. This will mean that you will have to take the posted rate which is undiscounted required by the lending institution.

In addition to the down payment, according to CMHC and Genworth rules you must have 1.5% of the purchase price available to cover the closing costs including, but not limited to, legal fees and disbursements, appraisal fees and a survey certificate, where applicable.

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We Offer To You

Home Buyer
Refinancing Your
Low Income
Credit Mortgage
Renew Your
Home Equity Line
of Credit
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