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