The County of Wellington Affordable Homeownership program

The county of Wellington Affordable Homeownership Program

The county of Wellington Affordable Homeownership program was established to provide households with an interest-free loan to assist them in purchasing their own home. The program will assist eligible applicants with a down payment (up to 10% of the purchase price to a maximum of $40,000.) for the purchase of a home within the geographic area of the County of Wellington or the City of Guelph.

Eligibility of Applicants:

  • Are currently renting
  • Do not presently own a home or have a vested interest in a property;
  • Have a maximum gross annual household income of …more

Eligibility of the property:

  • Is purchased for a price that does not exceed $830,444.00
  • Is a single detached, semi-detached, …more

Key points:

  • Canada Mortgage and Housing Corporation (CMHC) will consider this loan as equity
  • The loan is forgiven if the new home owner maintains the home as their primary residence for…more

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…more

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

County of Wellington Affordable Homeownership Program

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