Simcoe County Home Ownership Program

If you have stable income and good credit, however, lack a down payment, maybe you can still get a mortgage

The Simcoe County Homeownership Program aims to assist low to-moderate income renter households to purchase an affordable home by providing 10% down payment assistance in the form of a forgivable loan.

This Program provides renter households with the opportunity to move to homeownership thereby freeing up rental units, encouraging developers to build affordable housing and fostering demand.

Applications for the new down payment assistance program are now being accepted. Funding will be made available in 2012 and 2014.

Any down payment assistance that is paid back to the County by purchasers is held in a ‘Revolving Fund’ to be redistributed to future home owners. Program details, eligibility requirements and Applications are available by contacting the County of Simcoe, or you can download a copy and see more details here  http://www.simcoe.ca/ws_cos/groups/public/@pub-cos-sh/documents/web_content/wscos_012341.pdf .

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