Province · Buying your first home in Canada

First-time home buyer programs in Newfoundland and Labrador

The First-Time Homebuyers Program pairs a grant covering up to 50% of closing costs with a repayable loan worth up to 5% of the purchase price. Income thresholds determine partial vs full funding.

Reviewed by Ben Stevenson, Managing Editor, Canadian Money Help Updated April 20, 2026 Methodology

Up to 50% Closing cost grant

Up to 5% of purchase Down payment loan

$85,000 Full funding income ceiling

Provincial programs

First-Time Homebuyers Program (FHP)

Combines a grant of up to 50% of closing costs with a repayable loan of up to 5% of purchase price. Full funding for household incomes under $85,000; partial funding above.

Eligibility

First-time buyer
Home in Newfoundland and Labrador
Primary residence

Form: Apply via NL Housing

Estimate your land transfer tax

Stacking with federal programs

NL buyers stack the FHP with federal FHSA, HBP, and HBTC. The FHP closing cost grant specifically reduces legal and registration costs that FHSA and HBP do not touch.

See all federal programs and stages →