house london ontario: Interest Free Loan for Downpayment of a Home in London Ontario - 01/16/12 06:54 AM
City of London renews commitment to make homeownership easier
The City of London has announced the renewal of a program offering affordable homeownership. This very successful program, previously known as the Affordable Homeownership Program has been renamed Investment in Affordable Housing Homeownership Program and has been improved to offer more Londoners the opportunity to own their own home.
The program consists of an interest free loan for qualifying home buyers to assist with down payment and closing costs.
To be eligible, households must have a gross household income of $55,000 or less, and must qualify for and be pre-approved for a mortgage at … (2 comments)