Frequently Asked Questions
Curious about how MyDownPaymentAssist.ca can help you with your home purchase? Here are the answers to the most common questions from our clients.
What is MyDownPaymentAssist.ca?
We provide a portion of our commission—a minimum of 1.25% of the home price—back to buyers to help with their down payment.
Do I need to repay the cashback?
No. The funds are a gift from our commission. You keep full ownership with no repayment required.
How much can I get back?
You can receive a minimum of 1.25% of your home’s purchase price, depending on the property and your eligibility.
When will I receive the money?
The cashback is delivered Upon closing through your preferred lawyer
Is this available for all home purchases?
Our program applies to qualifying properties where we are involved in the sale. We’ll confirm eligibility during consultation.
Can first-time homebuyers use this program?
Yes! This program is perfect for first-time buyers who need a financial boost for their down payment.
What can I expect in a consultation with you?
During your consultation, we’ll explore your homeownership goals and explain how our cashback program can support your purchase. We guide you through pre-approval if needed, review your personalized options, and provide a clear roadmap to help you confidently move into your new home.
Are there any hidden fees?
No. Our program is transparent, and there are no hidden costs or additional fees.
Do I need a loan to use this program?
Not necessarily. You still need a mortgage, but the cashback helps reduce your upfront down payment costs.
How do I apply?
Simply contact us via phone or our online form, and we’ll guide you through the steps.
Can I use the cashback for anything else?
The funds are intended to help with your home purchase, but you can allocate them toward moving costs or furnishings if you wish.
Is the process complicated?
Not at all. We handle the paperwork and ensure the funds are delivered smoothly upon closing through your preferred lawyer.
Why choose MyDownPaymentAssist.ca?
We make homeownership easier, faster, and stress-free, giving you financial support without repayment obligations.
Do I need to get pre-approved for a mortgage?
Absolutely. Securing a mortgage pre-approval before looking at homes gives you a clear picture of what you can afford, allows us to focus on suitable properties, and strengthens your buying position when making an offer.
What We Do
At MyDownPaymentAssist.com, we help homebuyers move into their dream homes faster by providing a portion of our commission back toward their down payment. Our transparent, stress-free process ensures clients get financial support before closing, reducing upfront costs and making homeownership more accessible.