Saskatoon Equity Building Program

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Saskatoon Equity Building Program

Post: # 45935Post Flipping4Profit.ca
Fri Jan 15, 2016 7:38 pm

Saskatoon Equity Building Program

The Equity Building Program assists those currently renting in Saskatoon with purchasing an entry- level home by financing the down payment.

Key Partners
Affinity Credit Union (exclusive financial institution), City of Saskatoon, Genworth Financial Canada, CMHC.

Program Guidelines

​Affinity Credit Union will provide an equity loan for the down payment up to a maximum of 5% of the purchase price, which must be re-paid over a five-year period.
Annual household income limits will apply
Closed 5-year term at current residential mortgage rates apply.
Borrower must qualify under Affinity Credit Union Guidelines.
Applications must meet the requirements of the either Canada Mortgage and Housing Corporation or Genworth Financial Canada
Applicant must currently be renting in Saskatoon for at least 6 months.
Home buyers should inquire at Affinity Credit Union to be pre-approved to purchase a home under this program.

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at [email protected] or 647-393-6100 to set up a session at your meeting or convention.


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