The down payment loan

Our award-winning model allows you to access a down payment loan that is payment-free until you sell or move. This model boosts your down payment of 5% by 10% to 15% of the purchase price of your new home to help you secure a conventional mortgage, and since the amount is lower, this makes your monthly carrying costs lower too.

When you sell or move out of your condo, or when you pay your primary mortgage in full, the loan gets paid back plus some appreciation. If the loan towards your down payment was 10% to 15%, now 10% to 15% of the current home value is due back.

Limited time offer

If you have children and an income up to $127,000, you may receive a down payment loan of up to 25% of your purchase price at The Humber. No payments are due on the down payment loan until you sell or pay off your mortgage. 

You May Qualify If...

• You are 18 or older
• You are a permanent resident of Canada or a Canadian Citizen
• You are a family with a child/children (3 individuals or more) with a household income of $127,000 or less and are currently renting OR
• You are a family of 2 (2 adults or 1 adult and 1 child) with a household income of $103,000 or less and are currently renting
• You have 5% down payment on the first $500,000 and 10% down payment on any amount over
• You have mortgage approval from a conventional lender (ask about our partner banks)

Subject to eligibility and availability.