First-Time Homebuyer Assistance: Dufferin County’s Homeownership Program
At Team Apex Real Estate, we’re passionate about helping you achieve your dream of homeownership. If you’re a first-time homebuyer looking to settle in Dufferin County, we’ve got exciting news for you! The Dufferin County Homeownership Program offers a fantastic opportunity to take your first step toward owning a home.
This program provides eligible individuals and families with an interest-free loan of up to 10% of a home’s purchase price, capped at $609,118. This financial boost can make all the difference in turning your dream into reality.
Who Is Eligible?
To qualify for the program, applicants must meet the following criteria:
- Income Limits: Household income must not exceed $109,000 for single earners or $132,000 for two or more earners.
- Asset Limit: Total assets, excluding locked-in pension funds, should not exceed $30,000.
- Residency Status: Applicants must be Canadian citizens or landed immigrants.
- Age: Applicants must be at least 18 years old.
- Current Housing Status: Applicants should be renting at the time of application and not own or co-own any property.
- Intended Residence: The purchased home must be located within Dufferin County and serve as the applicant’s principal residence.
What Types of Properties Qualify?
The program allows for a variety of property types, including:
- New or resale homes such as detached, semi-detached, townhouses, stacked homes, or condominiums.
Important Note: The property’s purchase price must not exceed $609,118, and resale homes require a home inspection at the buyer’s expense.
How to Apply
The application process is straightforward. Here’s what you’ll need:
- Complete the Application Form.
- Gather Supporting Documents:
- Proof of Canadian citizenship or landed immigrant status.
- Photo identification.
- Recent income tax returns and Notice of Assessment.
- Proof of current income and verification of assets.
- Rent receipts.
- Mortgage pre-approval letter.
- Accepted Purchase and Sale Agreement for a qualifying home.
Once your application is ready, submit it to the Dufferin County Housing Services department for review.
Why This Program Matters
Owning your first home is a monumental milestone, and the Dufferin County Homeownership Program is here to make it more attainable. At Team Apex Real Estate, we know how daunting the process can feel, which is why we’re committed to guiding you every step of the way.
For more details about this program, visit the official Dufferin County Homeownership Program website.
Ready to Find Your First Home?
Let Team Apex Real Estate help you turn your dream of homeownership into a reality. Contact us today for expert advice, personalized property searches, and support tailored to first-time buyers.
📞 Call/Text: 519-279-6869
📧 Email: info@teamapex.ca
🌐 Visit: www.teamapex.ca
As we look ahead to the new year, Dufferin County remains a place of connection, creativity, and growth, continuing to foster memorable experiences for its residents and visitors alike.