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Down Payment
Many new home buyers can place a down payment as low as 5%
of the purchase price for homes up to $250,000. For example:
a down payment on a $180,000 home would be as low as $9,000.
Please note:
New C.M.H.C. regulations require first time buyers have the
minimum 5% down payment on deposit in a financial institution,
30 days prior to contract signing. In some cases, first time
buyers may be required to satisfy additional conditions.
Home buyers who have previously owned a home, can place a
down payment as low as 10% of the purchase price. Regulations
do allow for a 5% down payment for qualified buyers with certain
restrictions.
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find out special mortgage packages Urbandale has with its
partners? Click on the icons below to calculate your mortgage.
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