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Home Ownership Program

Now accepting applications (July 10, 2018).

The dream of owning your own home is not out of reach, thanks to the Home Ownership Program.

The program provides financial assistance to qualified low-to-moderate income households. Funding is limited and is available on a first come, first served basis, in the form of a 20-year interest-free loan registered on title and up to 5% of the purchase price of the home.

This program is made possible through the Investment in Affordable Housing (IAH) Program, which is funded by the federal and provincial governments.

If you are interested in applying please complete the application form and submit to our office. Be sure to review the “self-check” list below before submitting your application.

CMHC Debt Service Calculator

Learn how much you can afford to pay for a mortgage using the Debt Service Calculator.  This calculator will help you compare the level of your monthly debt and housing expense payments to your gross monthly household income.  Your Mortgage Professional will perform this assessment when qualifying you for a mortgage.

Down payment loan eligibility "self-check" list

This list is a quick overview of the eligibility criteria for the down payment loan program. Before starting an application, please take a minute to ensure you meet the following criteria:

  • You are 18 years old or older
  • Your total household income before deductions is less than $63,630 a year
  • You are currently renting (rental receipt must be provided)
  • You do not owe arrears, housing charges or damages to any other social housing program
  • Your total household assets are below $20,000
  • No household member owns a property or has interest in a property
  • You are able to pay all closing costs and home inspection fee (if resale home)
  • You qualify for a mortgage

If you meet all of these qualifications, please complete the application form and submit it, with copies of the required documents, to our office.

   Home Ownership Self Check List
  Fact Sheet Oxford County Home Ownership
  Home Ownership Application Form
  Appendix A to Application Form

by mailApplications can be mailed to:
Jamie Stephens
Manager of Housing Development
Oxford County - Human Services
21 Reeve Street, P.O. Box 1614
Woodstock, Ontario N4S 7Y3

About Human Services

Oxford County Human Services is here to help improve the overall quality of life for clients through an integrated approach: one client, one file, one client service worker.
Human Services administers financial support programs including Ontario Works, helps clients find suitable and stable shelter in the community, and manages the licensed child care system in Oxford County including providing subsidies and special needs resourcing for those who qualify.

Contact Us

Human Service
humanservices@oxfordcounty.ca
21 Reeve Street, P.O. Box 1614
Woodstock, Ontario, N4S 7Y3
519-539-9800/1-800-755-0394
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