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Home Ownership Program

At this time, Oxford County is only accepting applications for the Home Ownership Program from our existing social housing tenants (January 2022). The Home Ownership Program will be opening up to all Oxford County residents in March 2022.

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 review the eligibility criteria contained in the ‘Home Ownership Fact Sheet’.

COVID-19: Oxford County follows guidance from Southwestern Public Health and the Government of Ontario. See updates on our programs and services at www.oxfordcounty.ca/COVID-19

Down payment loan eligibility "self-check" list

The following list provides a quick overview of the eligibility criteria for the Home Ownership Program, as contained in the Fact Sheet. Before starting an application, please ensure you meet the following criteria:

  • You are 18 years old or older
  • Your total household income before deductions is less than $92,700 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
  • Be a legal resident of Canada
  • Intend to have this home as your one and only residence (you cannot transfer or lease it to someone else)
  • Be purchasing a home with a value of less than $425,000

If you meet all of the eligibility criteria, please complete the application form and submit it to our office along with ALL of the required supporting documents.

  Fact Sheet Oxford County Home Ownership
  Home Ownership Application Form
  Appendix A to Application Form
  Appendix B to Application Form

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

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.

CMHC Affordability Calculator

Want to learn how much you can afford to spend on a house or your monthly rent? Click here to use CMHC’s affordability calculator.

If you have any questions regarding the Home Ownership Program, please contact our Human Services Department at humanservices@oxfordcounty.ca or 519-539-9800.