The federal and provincial governments partnered to fund a Homeownership 10% Down Payment Program for Windsor and Essex County in 2013. It is expected the program can provide assistance for approximately 30 to 40 households. Down Payment assistance of 10% of the purchase price of an eligible home, up to a maximum of $17,300 is provided by a 20 yearforgivable loan registered on title as a second mortgage. The Windsor Homeownership 10% Down Payment Program expires December 10, 2013, or when program funds are depleted, whichever occurs first.

DISCLAIMER:

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

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