County has funding for first-time home buyers

Feature, Lambton County — By on January 19, 2012 at 6:18 pm

A limited amount of funding is once again available for the County of Lambton Housing Services Department's Homeownership Program, which provides up to 10% in downpayment assistance for a first time homebuyer.

Offered as a result of a partnership amongst the Government of Canada and the Province of Ontario and the County of Lambton, qualifying homebuyers will be provided with downpayment assistance in the form of up to 10% of the cost of an eligible home under the program and no interest will be charged on the assistance (conditions apply).  

Funding for this program is on a first-come-first-served basis until all funding is allocated.  Eligible purchasers will be selected from those who meet the income requirements, other program criteria and are qualified for a mortgage at a recognized NHA financial institution.

The applicant must meet a number of qualifications related to residency, income, and asset level. Additionally, the home to be purchased must meet a number of qualifications such as purchase price and the completion of a home inspection.  To see all qualifications and conditions, or download an application form, visit www.lambtononline.ca/homeownership or call the Housing Services Department at 519 344-2062 ext. 2165. 

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