Options For Homes is Canada’s largest developer working exclusively on making homeownership more affordable. Operating for over 25 years, we develop high quality condos in the GTA with our building partner Deltera (of the Tridel Group of Companies).
When you purchase a condo in a brand new Options For Homes building, you only have to put down 5%. We boost your down payment by 10% to 15% with our Down Payment Loan.
Our award-winning model offers you a Down Payment Loan that is payment-free until you sell or move. We boost 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, 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.