If you’re renting in London or Middlesex and don’t currently own a home, you may qualify for the Homeownership Down Payment Assistance Program. It provides up to 5% of the purchase price, capped at $25,000, as an interest-free loan that can be forgiven after 20 years, as long as program requirements are met.
This support can help you move from renting to owning — even if you’ve owned a home in the past. What matters is your current status as a renter and meeting the financial criteria.
What I help with
• Checking eligibility: renter status, income limits, asset limits
• Mortgage pre-approval and debt-to-income review
• Understanding how the loan registration works on title
• Structuring offers correctly so assistance is approved without delays
• Budgeting for monthly payments on qualifying homes
Program highlights
• Up to 5% toward your down payment (max $25,000)
• Interest-free and fully forgivable after 20 years if conditions are followed
• Must be a current renter in London/Middlesex
• Cannot own any residential real estate anywhere
• Must qualify for a standard mortgage with a recognized lender
• Home inspection required for resale properties
• Loan is secured on title
If you’re searching for:
A Realtor specializing in the London Ontario down payment assistance program
or the Middlesex County Downpayment Assistance Program
Realtor for renters London Ontario
How to buy a home with low down payment London
Forgivable loan homeownership program London Middlesex
You’re in the right place.
Book a short call to confirm eligibility and get a step-by-step plan to buy a home using this program or view our webinar.