No Down Payment Options On Townhouses For Sale In Regina

Saving for a down payment is the most difficult part of buying a home. Saving money is hard! I get it and so do the banks. So, they have come up with some options for people who want to buy a home but don’t have a down payment. There are certain townhouses for sale in Regina that qualify for no down payment programs. I’ll explain.

The Headstart Program

The Headstart Program is offered exclusively through Conexus Credit Union. It is a program designed to assist people who would normally qualify for a mortgage but don’t have a down payment saved. The purchaser can borrow up to 5% of the purchase price. The amount borrowed will be applied to the mortgage as the down payment and has to be paid back over 5 years.

The amount borrowed will be applied to the mortgage as the down payment. If 5% is borrowed, it is paid back in monthly installments of approx. $265.00.

Even though you can borrow the down payment- you still have to qualify for the requirements of a conventional mortgage:

  • Credit score of 620+
  • Stable employment 
  • Ability to produce T4’s, notice of assessments, letter of employment 
  • Appropriate debt score ratios

These Townhouses for sale in Regina qualify for the Headstart program and offer buyer’s a unique opportunity to own a brand-new home in a few different neighborhoods.


Parliament Pointe Located In Harbour Landing

Concept image of Parliament Point Townhouses

Sandstone Terrace Located In Pilot Butte 

Concept image of Parliament Point Townhouses

Caturra Located In East Regina

Concept image of Parliament Point Townhouses


There Are Other Ways To Finance Houses Or Townhouses For Sale In Regina Without A Down Payment

Loan Or Line Of Credit:

Kind of along the same lines as the Headstart Program but you can inquire with your personal banking institution about opening a line or credit or securing a loan to assist with your down payment. The mortgage application and qualification process are the same as usual.

Rent to Own: 

There are few builders who will work with buyers on a case by case bases. Call me for more information on Rent to Own situations. 


Contact Me

If you want to get a jump into owning property but don’t have the down payment saved, the Headstart Program could be a good option for you. Yes, it only applies to certain townhouses for sale in Regina but they are newly built, relatively inexpensive and would make really good future rentals.

Call me at 306-552-7047 or send me an email for more information about down payment assistance programs!

Kelsey Smith Is Regina’s Choice

Choosing the right Realtor® is key to ensure a positive and successful real estate transaction. Kelsey Smith promises to deliver the education and time necessary to buy or sell your Regina home. Call 1-306-552-7047 and rest easy knowing you have made the right choice.

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