ARE YOU A TENANT WANTING TO BUY A HOME?
Are rising costs making it harder for you to save up your down payment?
You might qualify for a partially gifted down payment!*
The County of Wellington has established a loan fund in order to address housing affordability in our area. Through the Wellington Affordable Homeownership Down Payment Loan Program many eligible tenants have been able to purchase their own homes at a time when it seems increasingly out of reach.
In order to qualify, you must:
- be a tenant
- have no vested interest in a property
- use the purchased home as your primary residence
- have a household income of less than $98,500 in 2022/2023
- purchase a home for less than $702,319
- purchase a home in the geographic Wellington County area
Eligible applicants may receive a down payment loan of up to $20,000. This loan is forgiven if the applicant lives in the home as their primary residence for 20 years.
We have assisted many clients as they made the move from tenant to homeowner. We understand the intricacies of tenancy agreements and our program is designed to take the stress out of the process, ensuring that your move goes as smoothly as possible. We look after all the details such as lining up moving dates so you don't pay more in rent than you need to.
If you meet the criteria listed above, reach out to us here. We would be happy to meet with you to discuss the program in more detail.
*Applicants must qualify under the Wellington Affordable Homeownership Down Payment Loan Program
CENTURY 21 Excalibur Realty Inc. Brokerage
INFO & SERVICES
CENTURY 21 Excalibur Realty Inc. Brokerage
645 St David St N, Fergus, ON N1M2K6
(519) 787-1780
INFO & SERVICES
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