The Affordable Home-ownership Program aims to assist low-to-moderate income renter households, in Simcoe County, to purchase an affordable home by providing 10% down payment assistance in the form of a forgivable loan.
Down payment assistance is 10% of the purchase price
Eligible Homes Considered
- Homes must be located in Simcoe County.
- Purchase price must be at or below $469,894.00.
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Minimum Household Eligibility
- Must be a current resident of Simcoe County, including the cities of Barrie and Orillia.
- Must provide proof of mortgage pre-approval.
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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
