Down Payment Incentive

 

 

FIRST TIME HOME BUYER DOWN PAYMENT PROGRAM

Receive 5% or 10% down payment (up to $50,000) to buy your dream home from the Government.

Pay NO interest NO monthly payments for 25 years!

If you are a First Time Home Buyer YOU may qualify for an interest-free down payment program with no monthly payments for 25 years to purchase your dream home. Depending on the type of property you buy, the Government will fund you with either 5% or 10% of the purchase price towards your down payment.

 

DO YOU QUALIFY?

Please note to qualify for this program you must fulfill the following:

1)  At least one of the Applicants must be a 1st time home buyer. You may have a Co applicant or applicants who is NOT a 1st time home buyer or buyers.

2)  Total qualifying income of the applicant(s) cannot exceed $120,000 per year.

3)  Applicants(s) should haver a minimum down payment of 5% from own resources. If not applicants can get a gift from immediate family member(s) (Parents, In-law’s, Brother, Sister etc) Some conditions apply. OAC.

PREQUALIFICATION OF APPLICANTS:

Apply now to find out more details. Instant mortgage preapprovals are available.