PRESENTING,the most incredible NEW HOME VALUE in Eastern Ontario!

YOU’LL BE AMAZED AT HOW LITTLEHOUSEHOLD INCOME IT TAKES TOOWN A NEW HOME IN KEMPTVILLE

Dreams Become Reality atKemptville Meadows

Why rent when you can own Only $802/mth with 5% down Only 25 minutes to Hwy 417/Bayshore Minutes from schools, hospitals, shopping, parks, nature trails and more.

Home Ownership Alternatives

Non-Profit CorporationHome Ownership Alternatives Non-Profit Corporation (“HOA”) is a non-profit financial corporation dedicated to making home ownership possible for modest income families.

This is accomplished through the HOA Shared Appreciation 2nd Mortgage which is administered through HOA Mortgage Services Inc. (“HOA-MSI”).

Benefits of an HOA 2nd Mortgage

Supports purchasers with modest income to own a home Provides down payment assistance No monthly payments Reduced carrying cost Reduced need for mortgage default insurance

The HOA Shared Appreciation Mortgage is a mortgage that does not bear a specific rate of interest.

Instead, the interest rate is based on the percentage increase in the value of the home from the purchase date until the mortgage is repaid.

What is aShared Appreciation

Mortgage?

No Monthly Payments

The HOA Shared Appreciation 2nd Mortgage improves affordability as it requires no scheduled payments of principal or interest.

The HOA Shared Appreciation 2nd Mortgage must be repaid upon sale of the home or when the owner ceases to occupy the home. Home owners can also voluntarily repay the 2nd Mortgage at any time without penalty.

No Monthly Payments

Down Payment Assistance

HOA provides down payment assistance to qualified purchasers by using its own funds and funds from Local Municipalities, the Province of Ontario, CMHC or the Federal Government.

Purchasers must also make a down payment of at least 5% of the purchase price of the home from their own resources.

Am I Eligible?

The following criteria must be satisfied in order to be considered foran HOA Shared Appreciation 2nd Mortgage:  Purchasers must be legal permanent residents of Canada Purchasers must be at least 19 years old and have verifiable

income The new home must be the principal residence of the

purchaser

HOA will assess each purchaser’s individual credit profile andmortgage carrying capacity.

Purchasers may also need to satisfy additional qualification criteria in order to receive additional funding from our partners.

How HOA Financing HelpsHome Buyers

Minimum Household Income

to Purchase $60,200 $47,100

$10,0005% Down

$10,0005% Down

Conventional Mortgage

$190,000Extra HOA Assistance

$20,000

Conventional Mortgage

$130,000

HOA Standard 2nd Mtge.$30,000

Market Purchase Partnership HOA Purchase

Example House Price:

$200,000

Standard HOA Purchase

$10,0005% Down

HOA Standard 2nd Mtge.

$30,000

Conventional Mortgage

$160,000

$53,700

HOA 2nd Mortgage$60,000

How Successful is the HOA 2nd Mortgage?

Toronto 1998

Toronto 2000

Toronto 2002

Toronto 2003

Waterloo 2005

Pickerin

g 2005

Toronto 2006

Markham 2008

Kitchener 2

008

Toronto 2011

Guelph 2011

Toronto 2012 *

Toronto 2012 *

Kitchener 2

013 *

Cambridge 2013 *

0

100

200

300

400

500

600

700

95

181144

380219

226

643

338

105

5160

36

140

64

124 135

56

Multi-Residential

TownhousesFamilies

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37$0.00

$10,000.00

$20,000.00

$30,000.00

$40,000.00

$50,000.00

$60,000.00

$70,000.00

$80,000.00Kemptville Income Distributions

Maximum Household Income at 60th Per-centile ($74,400)

Low Income Cut-Off ($30,800) Pop. 100K-499K (Stats Can)

Total Purchasers

Ho

use

ho

ld I

nco

me

Purchaser Incomes

Do You Have Questions?

To find out more about how

makes owning a home affordable, visit:

 www.hoacorp.ca

 www.kemptvillemeadows.ca(P) 613.366.2007