Redesigning Your Down Payment with Dunpar’s H.O.M.E. Program

Jan 15, 2020

Redesigning Your Down Payment


Toronto’s hot housing market is increasingly competitive, which makes finding just the right home at the right time no easy task.

Things get even more daunting with the added challenge of coming up with a down payment to secure the home of your dreams.

That’s why Dunpar Homes is doing something new. It’s our way of trying to make at least part of the home buying process a little easier.


The Dunpar Home Ownership Made Easy (H.O.M.E.) program helps you make the deposit on your new home by using the equity you already have.

It’s meant for people selling their current home and moving into a Dunpar Home. Here’s how it works:

If you currently own a home in Toronto and it’s worth more than you owe on it, then you have what’s called equity. This is a very good thing. It means you have more money available to you than you might think.


Rachel currently owns a home in Toronto worth $1,000,000.

She owes $750,000 in mortgage and loans.

That means she has $250,000 in equity.

Rachel would like to buy a Dunpar Home worth $1,000,000.

She needs to put down 10% for a deposit on that new Dunpar Home, which would be $100,000.

But until Rachel sells her home, she doesn’t have that kind of cash in hand.

If Rachel does have $10,000 cash right now then she can use the H.O.M.E program to secure that new Dunpar Home.

This means Rachel won’t have to go to the bank and take out a personal loan or an equity line of credit, which means one less headache for her. Calculating down payment


Until Rachel takes occupancy of her Dunpar Home she doesn’t pay any interest or monthly payments on that H.O.M.E Program.

Dunpar effectively lent her that money and will forgo any interest in order to help Rachel get into the home she wants.

Rachel then sells her current home and, on the day she takes occupancy of her new Dunpar Home, the remainder of that 10 per cent deposit is due ($90,000) as well as the remaining purchase price of the home ($900,000), which Rachel will have financed through a traditional mortgage at a bank.


  • Own a house in Toronto in your name
  • That home’s market value is worth more than you owe on it
  • The difference between what it’s worth and what you owe is at least $200,000

This is a unique program offered by Dunpar Homes designed to help ensure you’re positioned to snatch up that perfect home when you find it.

Dunpar can only offer this program to a limited number of buyers, so don’t wait until the program is full to take advantage of this unique plan.

If you have questions about the H.O.M.E Program, please read our FAQ here.

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