Downpayment & Closing Cost Assistance in London Ontario

By
Real Estate Broker/Owner with Envelope Real Estate Brokerage Inc

Home Ownership Assistance Program

Good news for London's low-to-moderate income earners! This year, the City of London offers again the Affordable Homeownership Assistance Program. This successful program consists of an interest free loan for qualifying home buyers to assist with downpayment and closing costs.

To be eligible, households must have a gross household income of $55,000 or less, and must be approved for a mortgage at a recognized financial institution. The selling price of the home must be no higher than $140,000. New this year is an increase to the closing cost assistance, which has been raised to 3% from 1%.The Homeownership Assistance Program is a partnership between the Government of Canada, the Province of Ontario and the City of London through the Canada-Ontario Affordable Housing Program (AHP) which offers people with low-to-moderate earnings the opportunity to purchase a home in London and Middlesex County.

The federal and provincial governments have set the deadline of December 31, 2010 to expend the funding allocated to the City of London

Posted by

Ty Lacroix Broker of Record & Owner

          

'NOT ALL REALTORS* ARE THE SAME', One call or email to me and you will know why!

Your London and S/W Ontario source for results!

519-435-1600   www.enveloperealestate.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Home Buying
Location:
Ontario Middlesex County London
Groups:
1st Time Buyers
Canada, eh
Canada - Tax and Grants
Tags:
home ownership program
first time buyer
real estate for sale in london ontario
condos for sale london ontario

Comments 3 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tree to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
447,863
Malcolm Johnston
Trenton Real Estate
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario

Ty, this sounds like a good solid program to give deserving people a little hand up.

June 10, 2010 10:32 AM
Rainmaker
333,351
Ty Lacroix
Envelope Real Estate Brokerage Inc

Malcolm:

This program has been re-introduced again this year and last year it was a success!

Ty

June 10, 2010 10:58 AM
Anonymous #3
Anonymous
Dion Greaves
I am very interested in this program.
April 02, 2011 01:13 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clip to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
333,351

Ty Lacroix

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the camera to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information