The Oxford County Home-ownership program provides financial assistance to qualified low-to-moderate income households. Funding is limited and is available on a first come, first served basis, in the form of a 20-year interest-free loan registered on title and up to 5% of the purchase price of the home.
Down payment assistance is 5% of the purchase price
Eligible Homes Considered
- Homes must be located in Oxford County.
- Purchase price must be at or below $425,000.00
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Minimum Household Eligibility
- You are currently renting (rental receipt must be provided)
- You do not owe arrears, housing charges or damages to any other social housing program
- Must provide proof of mortgage pre-approval.
- Currently renters in the Oxford County.
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Conditions for Repayment
- No repayment of the loan if home is sold after 20 years.
- If the home is sold before 20 year period expires, you must repay the original loan plus
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How to Apply
- Mortgage Pre-Approval – Please contact a mortgage broker, trust company, credit
union, bank or other qualified lender of your choice to apply for a no cost mortgage
pre-approval. - …more
