FIMUR 2012/15 Assisted Homeownership Program
Applicants are encouraged to apply even though there is a waiting list of approximately one to two years for this program. Please note that priority applicants (those escaping violence and/or living in social housing) are particularly encouraged to apply as there is not currently a waiting list for priority applicants. Although new applications are still being accepted, there can be no assurance of future funding availability and the waiting list status may change at any time without notice.The Assisted Homeownership Program provides down payment and home purchase assistance to individuals and/or families living off-reserve, outside of the Greater Toronto Area (GTA), that qualify for a mortgage and do not own a home or have interest in any real estate or those who are no longer able or entitled to reside in a home they currently own. This forgivable loan (maximum $30,000 per household) does not have to be repaid provided the successful recipient adheres to the conditions of the program for a period of 10 years.
Please read the Program Guidelines to determine if you are eligible for the Assisted Homeownership Program.
Applications will be considered on a first-come, first-served basis, against the mandatory criteria found in the Program Guidelines. Applications that are on the waiting list from previous FIMUR Assisted Homeownership funding will be included and new applications will be processed as they are received, until the fund is expended. Priority will be given, as applications are received, to those applicants who are currently residing in social housing, and applicants escaping situations of violence.
Click here to view and print Frequently Asked Questions (FAQs).
HOW TO APPLY:
STEP 1 - Mortgage Pre-Approval - Please contact a mortgage broker, trust company, credit union, bank or other qualified lender of your choice to apply for your mortgage.TIP: Click here for tips from OAHS on Financing Your Home.TIP: Click here for a cash flow spreadsheet from OAHS to help you plan.
STEP 2 – Assisted Homeownership Application - Click here to view and print the Assisted Homeownership Application Package.
STEP 3 – Required Attachments and Submission - Review your application carefully to ensure all requested information is filled out and all supporting information is attached. Applications that are incomplete or missing required documentation will take longer to process and will not be evaluated until all missing information is provided. Mail your reviewed and completed application along with mandatory supporting documentation to:
Ontario Aboriginal Housing ServicesAttn: FIMUR Assisted Homeownership Program500 Bay StreetSault Ste. Marie, ONP6A 1X5Important Notes:
- Faxed or emailed applications will not be accepted for the FIMUR Assisted Homeownership Program.- If you require these funds for a home purchase, please DO NOT make an offer on a unless you have received confirmation that your FIMUR Assisted Homeownership Application has been approved.
For assistance with the FIMUR Assisted Homeownership Program Application or to have an application package mailed to, you please contact:
Karen BenfordAdministrative Programs AssistantToll-free: (866) 391-1061 ext. 216E-mail: