Downpayment & Closing Cost Assistance in London Ontario

Real Estate Broker/Owner with Envelope Real Estate Brokerage Inc

Home Ownership Assistance Program

Good news for London's low-to-moderate income earners! This year, the City of London offers again the Affordable Homeownership Assistance Program. This successful program consists of an interest free loan for qualifying home buyers to assist with downpayment and closing costs.

To be eligible, households must have a gross household income of $55,000 or less, and must be approved for a mortgage at a recognized financial institution. The selling price of the home must be no higher than $140,000. New this year is an increase to the closing cost assistance, which has been raised to 3% from 1%.The Homeownership Assistance Program is a partnership between the Government of Canada, the Province of Ontario and the City of London through the Canada-Ontario Affordable Housing Program (AHP) which offers people with low-to-moderate earnings the opportunity to purchase a home in London and Middlesex County.

The federal and provincial governments have set the deadline of December 31, 2010 to expend the funding allocated to the City of London

Posted by

Ty Lacroix Broker of Record & Owner


'NOT ALL REALTORS* ARE THE SAME', One call or email to me and you will know why!

Your London and S/W Ontario source for results!



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Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Ty, this sounds like a good solid program to give deserving people a little hand up.

Jun 10, 2010 03:32 AM #1
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON


This program has been re-introduced again this year and last year it was a success!


Jun 10, 2010 03:58 AM #2
Dion Greaves
I am very interested in this program.
Apr 01, 2011 06:13 PM #3
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