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Niagara Downpayment Assistance

Did you know the Niagara Region offers a downpayment assistance program? The Niagara Homeownership Program is here to make owning a home a reality for low to moderate-income households while easing the demand for rental housing.

How does it work?

✨ This program offers:

✔️ Down payment assistance: Up to 10% of the purchase price (up to $66,774.80) interest-free!

✔️ Encouragement for developers to build affordable housing

✔️ A pathway for renters to become homeowners

 

💡 Eligibility Highlights:

🏠 Must be a first-time buyer renting in the Niagara Region 

🏠 Gross household income under $95,000 (1 person) or $113,000 (multi-person households)

🏠 Have personal assets below $50,000 which includes RRSPs and any gifting amounts from family/friends

🏠 You must be able to cover all closing costs and provide proof you are able to do so

🏠 You must qualify for a mortgage through a recognized financial institution 

🏠 Home purchase price must be under $667,748

 

It’s a simple 3 step process that one of my trusted mortgage brokers and I can help walk you through! If you’re curious to find out if this program is right for you, send me a message and we can chat further about making your home ownership goals a reality!

right at home realty

Clare Pajot

Realtor®

Right at Home Realty - Niagara-on-the-Lake 

Angelika & Associates

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