Will homebuyers be required to repay the homebuyer assistance provided by The City of Port Arthur?

If you occupy the home you purchased as your principal residence for the required time period - usually five or 10 years, depending upon the amount of assistance, no repayment is required. This required time period is known as the Period of Affordability. However, if you sell your home, rent your home to another person, experience a foreclosure or fail to occupy the home as your principal residence before the end of the Period of Affordability, you could be required to repay all or part of the assistance provided you.

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1. How do I apply for the Homebuyer Program?
2. Will a poor credit rating affect the mortgage application or the application for FTHB Program assistance?
3. Will homebuyers be required to repay the homebuyer assistance provided by The City of Port Arthur?
4. If the homebuyer is now divorced but previously owned a home with a former spouse, do they qualify as a homebuyer?
5. How long does the process take after receiving an approval from my bank?
6. Where is the Annex at Cityhall?