If you’re a first-time homebuyer with Métis status in Alberta, there’s a grant program worth knowing about, and it’s reopening as soon as July.
Watch my video or read on for more details:
What Is the Métis Down Payment Grant?
The Métis Federation offers a grant program that provides up to 5% of your purchase price as a down payment contribution. Unlike borrowed funds, this is a grant, which means you don’t pay it back.
For a first-time buyer, this can make a meaningful difference in getting into the market, particularly if saving for a down payment has been the main barrier.
What Do I Need to Know About the Métis Down Payment?
The money is limited and it moves. When the program opens, funds can be accessed and exhausted relatively quickly. If you’re thinking about buying this year and you qualify, now is the time to get prepared, rather than waiting to see what happens.
How Does the Métis Down Payment Process Work?
The Métis Down Payment steps are fairly straightforward:
- Get pre-approved for your mortgage.
- Confirm with the Métis Federation that funding is available.
- Make an offer on a property.
- Access the grant for your down payment.
Getting pre-approved is the starting point. Once that’s in place, you’ll have a clear picture of what you can afford and you’ll be ready to move quickly when the right property comes up.
Whether you are preparing to buy your first home or your fifth, if you’re looking to get pre-approved for a mortgage in Edmonton, fill out my online application. I’m here to help you every step of the way.
About Jason Scott, Edmonton Mortgage Broker
Looking for a personalized mortgage solution? As an Edmonton Mortgage Associate, I’m trusted partner who will help you get the right mortgage for your home or investment property. I’m Jason Scott, and I’ll be your Mortgage Broker in Edmonton.
