FEED

$10,000 government assistance

0


Good news for home buyers in the Brampton and Mississauga area.

The Canada-Ontario Government has designed an Affordable Home Ownership Program to help provide low-to-moderate income residents who are currently renting a unit the opportunity to qualify for down-payment load assistance when they buy a home in Peel Region (which covers Brampton, Caledon and Mississauga).
This program will assist eligible applicants who have a total annual income of $75,800 or less to purchase a home that does not exceed a purchase price of $247,000.    
The down payment assistance will be up to a maximum of $10,000.Who Qualifies for this Government Assistance Home Ownership Program?
 

 

  • Applicants must be 18 years of age or older
  • Applicants must not own or have an interest in another residential property
  • The home must be the sole and principal residence of the purchaser
  • The applicant must currently be renting and looking to buy a sole and principal residence
  • The applicant must have a total household income not exceeding $75,800
  • The applicant must be able to obtain a mortgage and demonstrate sustainability
  • Participants may not include anticipated rental income from a portion of the property in order to obtain a mortgage
  • The applicant must be able to pay all additional closing costs
  • The applicant must supply all necessary documentation to the Region of Peel

For more details on this plan or general questions on the Brampton or Georgetown real estate markets drop me an email.

 

 

 

Oct 4, 2008 / Brampton

Currently there are no comments related to this article. You have a special honor to be the first commenter. Thanks!

Leave a Comment