This grant is a down payment assistance program made to help middle income families buy for a new home. The goal of the PEAK program is to help Albertans enter the housing market.
In order to qualify for this aid program, you must meet the following requirements:
Are pre-approved for a five year fixed rate mortgage equal to the PEAK housing unit
Have a maximum income of $80,000 per year for singles or couples or $90,000 per year for singles/couples with dependant children at home
Lack resources for a 5% downpayment
Must have $1,000 available for a downpayment
Assets must equal less than $30,000 per household
Must use the PEAK house as your sole permanent residence
How to Apply
You can fill out your PEAK application here.