10% Down payment assistance for homeownership program in county of Lambton, Ontario

Down payment assistanceA limited amount of funding is again available for the County of Lambton. This will be offered by the Housing Services Department’s home ownership program, which provides up to 10% in down payment assistance for a first-time home buyer.

Offered as a result of a partnership among the Government of Canada, the Province of Ontario and County of Lambton, qualifying home buyers will be provided with down payment assistance in the form of up to 10% of the cost of an eligible home under the program and no interest will be charged on the assistance (conditions apply).

“This is great news for all those Canadians who wanted to buy their first dream home but did not have down payment” said Navtaj Chandhoke of World Wealth Builders, a Canadian Real Estate Investors training company serving Canadians since 1993.

Funding for this program is on a first-come, first-served basis until all funding is allocated. Eligible purchasers will be selected from those who meet income requirements, other program criteria and who are qualified for a mortgage at a recognized NHA financial institution.

Applicants must meet a number of qualifications related to residency, income and asset level. Additionally, the home to be purchased must meet a number of qualifications such as purchase price and completion of a home inspection.

To see all qualifications and conditions or to download an application form, visit www.lambtononline.ca/homeownership or call the Housing Services Department at 519-344-2062 ext. 2165.

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