Buy a home with a $2,000 down payment in Calgary-Alberta

[Navtaj Chandhoke]

Buy a home with a $2,000 down payment in Calgary-Alberta

Attainable Homes Calgary Corporation (AHCC)

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Through our Attainable Home Ownership Program, we connect builders, developers, lenders, lawyers and others to bring down the upfront costs of ownership so qualifying Calgarians can buy their very own home with a $2,000 down payment. Furthermore, when you decide to buy an attainable home, you’re also choosing to pay it forward to help another family in the future. When you eventually decide to refinance or sell your home on the market, a share of the appreciation goes back into the program to fund more developments that will help even more people get a foot on the property ladder.

Attainable Homes Calgary Corporation (AHCC) In a nutshell

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Attainable Homes Calgary Corporation (AHCC) Eligibility

Attainable Homes Calgary Corporation (AHCC) Shared Equity Calendar

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Years of ownership*

50% 3 + years 75%

*There is no minimum or maximum length of time required.

Attainable Homes Calgary Corporation (AHCC) Example

Purchase price $220,000

Deposit from you $2,000

Gifted down payment we provide $9,000

Your mortgage from a preferred lender $209,000

Say you sell your home after four years and the appraised value is $254,700.

Market value of your attainable home $254,700

Minus your original deposit $2,000

Minus your mortgage amount $209,000

Appreciation (increase in value) $43,700

Think you are ready to take the next step?

3 simple steps that will change your life

2. Education. Every home buyer must come to our office to complete an education session which can be done individually at our computer terminals or in a group session offered monthly. The session explains how the program works, provides information about our lender and legal partners and helps you to consider whether homeownership is right for you.

3. Mortgage pre-approval. As with any home purchase, all our clients must qualify for a mortgage. We are partnered with all of the major financial institutions. Each has specific agents who are very familiar with our program. Please contact us for a list.

More info at http://attainyourhome.com/

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.

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