Options for Homes wants to help you buy these 5 condos at The Humber

If you’ve been struggling with Buying a home in Toronto or are just barely able to eek out a mortgage for a studio apartment but need a larger space to house your growing family then we have the best option for you right now.

The Humber Condos located at the mouth of the Humber River (some suites with amazing views). The Humber launched not that long ago and has fast achieved over 50% in sales.

You’ll notice that The Humber Condos are all priced at under $700 per square foot (PSF). Many of Toronto’s communities are now trading at or above $1000/PSF. At this price (and offered incentives) we should be sold out quite soon)

The Options for Homes Offering

My client, Options for Homes is able to essentially boost your down-payment to make it as affordable as possible. You can see the 5 examples all spelled out below.

If the boost from Options for Homes isn’t enough to bridge the gap for you then we can also seek access to other programs to provide an additional 9-10% in down payment assistance via a payment and interest free shared equity mortgage.

Important to note that the further 9-10% boost is only available to first time buyers (you cannot have ever owned anything) and has some fine print while the original 10-15% offered by Options for Homes comes with much less red-tape.

The shared equity mortgage essentially works the same as my previous offering with Habitat for Humanity.

Show me the money!

Let’s use 5 of the best examples to help you understand how this Options for Homes program works.

  1. 788sqft Two Bedroom – $507,063 (market value)
    – Options for Homes boosts your down-payment by $50,706.00
    – You must provide $25,706.00
    – Now you only need to qualify for a $430,651 purchase
    – If you’re a first time Buyer then we may be able to access a further $50,706.00
    – Now you only need to qualify for a $379,945 purchase!
  2. 802sqft Two Bedroom – $525,438 (market value)
    – Options for Homes boosts your down-payment by $52,544.00
    – You must provide $27,544.00
    – Now you only need to qualify for a $445,350 purchase
    – If you’re a first time Buyer then we may be able to access a further $52,544.00
    – Now you only need to qualify for a $392,806 purchase!
  3. 988sqft Three Bedroom – $642,574 (market value)
    – Options for Homes boosts your down-payment by $96,386.00
    – You must provide $39,257.00
    – Now you only need to qualify for a $506,931 purchase
    – If you’re a first time Buyer then we may be able to access a further $57,832.00
    – Now you only need to qualify for a $449,099 purchase!
  4. 1021sqft Three Bedroom – $664,137 (market value)
    – Options for Homes boosts your down-payment by $99,621.00
    – You must provide $41,414.00
    – Now you only need to qualify for a $523,102 purchase
    – If you’re a first time Buyer then we may be able to access a further $59,772,.00
    – Now you only need to qualify for a $463,330.00 purchase!
  5. 1021sqft Three Bedroom – $673,414 (market value)
    – Options for homes boosts your down-payment by $101,012.00
    – You must provide $42,341.00
    – Now you only need to qualify for a $530,061 purchase
    – If you’re a first time Buyer then we may be able to access a further $59,772,.00
    – Now you only need to qualify for a $469,454.00 purchase!

You probably have questions. I’m always available by phone/text/email/FB/Twitter/LI or the live chat below. 416-434-1511 or ara@property.ca

 

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