The Dufferin County Home-ownership offers you up to $45,500.00 for the down payment so you can buy your home. Is an affordable housing program and might provide you with an interest-free down payment assistance loan of up to ten percent (10%) of the cost of an eligible home, to a maximum of $45,500.00.
If the home-ownership unit is owned by the eligible purchaser for the maximum twenty (20) years, the loan will be forgiven.
The Dufferin County Home-ownership program is designed to provide moderate income individuals and families with an interest-free down payment assistance loan to help them in purchasing their own home.
To be eligible for down payment assistance you must be a renter household and meet the following criteria:
- Combined gross household income at or below $97,800
- Must not currently own a home or have a legal interest in a property
- Must be buying a sole and principal residence within the County of Dufferin
- Have assets of no more than $22,750.00
- Must not owe any social housing arrears, including damages
- Be a minimum 18 years of age
- Be able to provide proof of insurance at time of purchase
- Be able to secure financing on the property (complete your assessment below to start)
Dufferin County Home-ownership program is an ideal program for families looking for a residencial property of no more than $455,000 dollars of purchase price in this beautiful in nature area, away from the bustle normally found in larger cities.
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