Would you qualify for a Mortgage, but just can't get the down payment?

Lanark County participates in the Canada-Ontario Affordable Housing Program, a program to assist those renting to afford a home. How it works, you must:

  • rent in Lanark County
  • be at least 18 years old
  • have a combined income of less than $74,700
  • qualify for a traditional mortgage

The home to be purchased must be in Lanark County, and the selling price must be less than $250,000.

The 5% downpayment is loaned and registered as a 2nd mortgage on the property.

For more information please visit http://www.lanarkcounty.ca/page373.aspx 

 

 

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