City of Kingston – County of Frontenac Home Ownership Program 2019 Program Guidelines

Providing down payment assistance in the form of a forgivable loan“.  Amazing opportunity for potential buyers currently renting and struggling to save enough for their downpayment? Have your buyers contact me for details.

Summary Highlights

  1. $300,000 purchase maximum
  2. Loan amount equals 10% of the purchase price. 20-year interest-free forgivable loan
  3. Buyer(s) must be currently renting within the City of Kingston or the County of Frontenac
  4. $84,800 maximum total household (adults only) annual income
  5. No co-signers allowed on the mortgage
  6. Purchase property must be within the City of Kingston or the County of Frontenac
  7. Must be single residential units. Detached, semi-detached, condominiums, limited equity co-operatives, or row houses.
    1. No mobile homes,
    2. No dupexes, triplexes, fourplexes etc..

 

For more please go to the City of Kingston home ownership website.

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