The Region of Waterloo Affordable Home Ownership

The Region of Waterloo Affordable Home Ownership Program

Down Payment Assistance forgivable loans of 5% of the purchase price of your home

The program Funding for the Region of Waterloo Home ownership program is limited, (Current estimated wait list: 8 months) for a home purchase in the region of a few more first time home buyers families.

The Region of Waterloo Home ownership Program is being delivered by the Region of Waterloo on behalf of the Federal and Provincial governments:

• Make first time home ownership a reality for low to moderate income households in the Region

Eligibility of Applicants:

• Must qualify for a mortgage
• Must be 18-years or older.
• Be a current resident in the region of Waterloo and have lived in the region for at least the past 12 months
• …more 

Eligibility of the property:

• Single family home, semi-detached, townhouse, (condo or freehold) stacked home, row home, condo apartment,
• The property must be located in the Region of Waterloo
• The home can be a resale or new construction
• Purchase price cannot exceed 425,000
• …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
  5% of the capital appreciation
• …more

How to Apply

• You must qualify for a mortgage
• Your mortgage agent will process your application
• …more