Overview
The Humber Condo is a new development by Options for Homes. It is situated on the banks of Humber River near Lawrence Avenue West and West Road. Options for Homes provides affordability for clients who are looking to find a home but may not have the full down payment available.
Options for Homes offers a "Options Down Payment Loan" to anyone, regardless of income and whether they have previously owned a home. You can buy with only 5% down! The down payment assistance program will help you contribute 10% down payment assistance on 1 Bedroom and 2 Bedroom Units and 15% down payment assistance on 3 Bedroom Units (as long as you qualify for the mortgage).
Qualification Requirements:- Humber Condominium will be your primary residence
- 18 years or older
- Permanent Resident of Canada and / or Canadian Citizen
- 5% down payment
- Secure a mortgage from a primary lender at 80/85%