MODERATE INCOME BUYERS are able to purchase one of these 4 condominium units with as little as 3% of the sale price as a down payment. Buyer needs to be a 1st time homeowner OR not have owned a home in the past 3 years. These are owner occupied units only, no investors.
The CRA is offering assistance to the buyers of these units who qualify in the income bracket and credit worthiness for the first mortgage. The CRA assists in the payment of the second mortgage through grant monies.
Buyers need to call to see if they qualify for one of these units. Qualifications and applications are readily available to be e-mailed out. |