B-Home Program: Brantford's $20,000 Forgivable Down Payment Loan

The City of Brantford offers first-time buyers a 5% forgivable loan up to $20,000 for down payment assistance. Here's how it works.

# B-Home Program: Brantford's $20,000 Forgivable Down Payment Loan **B-Home (Brantford Home Ownership Made Easier)** is a municipal down payment assistance program designed to help first-time buyers in Brantford and Brant County. ## Program Benefits | Feature | Details | | --- | --- | | **Loan Amount** | 5% of purchase price, max $20,000 | | **Interest Rate** | 0% | | **Forgiveness Period** | 20 years | | **Monthly Payments** | None required | > **How Forgiveness Works:** If you own and occupy the home as your primary residence for 20 years, the entire loan is **forgiven** — you pay nothing back. ## Eligibility Requirements ### Buyer Requirements - First-time home buyer - At least 18 years of age - Currently renting in Brantford or Brant County - Gross household income below $90,000 - Household assets below $30,000 - Able to qualify for a mortgage ### Property Requirements - Located in Brantford or Brant County - Purchase price cannot exceed $400,000 - New or resale homes eligible - Must be your primary residence ## How the Loan Stacks with Other Programs For a **$380,000 resale home** in Brantford: | Program | Savings | | --- | --- | | B-Home Loan (5%) | $19,000 | | Ontario LTT Refund | $4,000 | | FHSA (3 years saving) | $24,000 | | RRSP HBP | Up to $60,000 | | Home Buyers' Tax Credit | $1,500 | | **Total Potential** | **~$108,500** | ## Application Process 1. Contact the City of Brantford Housing Department 2. Complete the application and provide income/asset documentation 3. Get pre-approved for a mortgage 4.

Find a qualifying property 5. The loan is registered on title at closing ## Key Takeaway Brantford offers one of Ontario's most affordable housing markets with a generous forgivable loan program. For buyers earning under $90,000, this program can eliminate the down payment barrier entirely.

Published by Circle Real Estate Brokerage — Toronto & GTA pre-construction and resale experts.