Down payment assistance loan of up to $50,000.00

Down payment assistance loan of up to $50,000.00

 

The Affordable Home Ownership component of the Canada-Ontario Affordable Housing Program 2009 Extension is being delivered by the Region of Waterloo on behalf of the Federal and Provincial governments. 

The program provides qualified low to moderate-income households with down payment assistance loans of 5% of the purchase price of an eligible home (current maximum purchase price is $231,000). Potential applicants who buy a home through Habitat for Humanity affiliates are eligible for a down payment assistance loan of up to $50,000. 

Funding for the program is fully allocated, however, the Region of Waterloo will continue to accept applications on an ongoing basis for the Affordable Home Ownership Waiting List. As funds become available, eligible households will be contacted by mail and provided with a Conditional Letter of Commitment. 

Recipients of the loan can purchase a new or resale home that is located in Waterloo Region and has a maximum purchase price of $231,000. 

Households that are interested in participating must meet the qualification criteria listed in the “Are you eligible to apply?” section below, and complete the Affordable Home Ownership application package. 

Are you eligible to apply? 

To be eligible to apply, you must: 
•   Qualify for a mortgage, 
•   Have a maximum household income of $69,500, 
•   Be at least 18 years old and currently renting, 
•   Not own or have an interest in a home, 
•   Not owe money to a community housing landlord, 
•   Be a legal resident of Canada , and 
•   Intend to have this home as your one and only residence. 

The information on this page is subject to change from time to time at the discretion of the Region of Waterloo and pursuant to the requirements of the Ministry of Municipal Affairs and Housing. Be sure to check back regularly for updates. If you are interested in this program, please contact Region of Waterloo, Housing Division

 
if you enjoyed this informative article, you might be interested in our free newsletter. Enter your contact information to get free updates.
 
 

Your success is our business!
Navtaj Chandhoke
Website:www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
Newsletter: Subscribe  REI Club Membership | Apprenticeship | LIVE Training
Blog | Facebook | LinkedIn | Google+ | Twitter  

1-416-409-7300

 

Be Sociable, Share!
Share This Post

This post was written by:

- who has written 115 posts on Professional Real Estate Investors Group of Canada.

Navtaj Chandhoke is a veteran Canadian Real Estate investor, Master Coach/Mentor/Speaker & Canadian hard money lender . Join now Canadian REI Club membership to attend upcoming No $$ Down Canadian Real Estate Seminar LIVE in Canada and become next Canadian Real Estate Apprentice

Contact the author

Comments are closed.

Top 10 Canadian Real Estate investment strategies,Sign up now..it is FREE

 
* No spam policy

Testimonials

Very powerful information. If you are an investor who has taken other courses along the way, this one is surprisingly refreshing. It is a chance to build a strong network with other like-minded investors and a unique opportunity to learn the correct strategies to close deals and truly find good leads

Jason Mifsud, Calgary-Alberta

This is an eye-opener. The ideas , strategies and techniques presented are amazing. It changes the way you think about real estate investing. I’m overflowing with information  as it is. I understand why others take this course multiple times.   I enjoyed the real life, hands-on examples and solutions the most.



Andy Silis
World Wealth Builders is a very good organization. The teaching is amazing. Navtaj is an excellent teacher. I will gladly recommend him to others

Lurline Henriques, Toronto- Ontario

Upcoming Events

membership

membership