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September 10th, 2010 



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 Home in Peel Affordable Ownership Program
(Brampton, Caledon, Mississauga)

The Home in Peel Affordable Ownership Program is designed to assist low-to-moderate income residents who are currently renting the chance to qualify for a down-payment loan of up to $10,000. 

Requirements:
  • Applicants must be 18 years of age or older

  • Applicants must not own or have an interest in another residential property

  • The home must be the sole and principal residence of the purchaser

  • The applicant must currently be renting and looking to buy a sole and principal residence

  • The applicant must have a total household income not exceeding $77,900

  • The applicant must be able to obtain a mortgage and demonstrate sustainability

  • Participants may not include anticipated rental income from a portion of the property in order to obtain a mortgage
     
  • The applicant must be able to pay all additional closing costs

  • The applicant must supply all necessary documentation to the Region of Peel

To find out more about this program click here

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