Own sooner with Liberty
The years you planned to save could become years you own. If you qualify for the mortgage and the program, you contribute $1,500 toward the required 5% down payment. Liberty provides the balance for a participating home through a shared-equity arrangement.
About Us
Liberty Home Ownership is a down payment assistance program. We know that a major obstacle to home ownership for many hard-working Albertans is coming up with the down payment to purchase their own home.
Our goal is to clear this obstacle through our innovative shared equity model. You contribute just $1,500 and Liberty provides the remainder of the required 5% down payment.
This program may be a fit for you if:
- You are able to apply and successfully qualify for mortgage approval with one of our approved lending partners.
- You have permanent, steady employment and are able to contribute just $1,500 of your own funds to go towards a required 5% down payment.
- The home you choose with Liberty will be your permanent sole residence. The home cannot be purchased for investment/rental purposes.
How Liberty Works
From your first question to the keys in your hand – here is how the Liberty Home Ownership program works.
Qualify
Qualified buyers must make $75k/year and be able to apply and successfully qualify for a mortgage approval
Approval
For eligible buyers, Liberty may contribute a shared-equity amount toward the purchase. Covering the necessary 5% down payment.
Choose
Review current eligible home and select the right fit for your approved range.
Own
Contribute $1,500 down toward the required 5% down payment. Liberty provides the balance through a shared-equity arrangement.
Our Partners
To make our projects possible, Liberty Housing Organization partners with Calgary-based industry leaders who bring together several decades of combined experience in the design, development, and construction of mixed use and affordable housing projects.
One such valued partner is Truman, an organization that serves as the dedicated builder for all Liberty projects and significantly contributes to our achievements. Liberty and Truman have a dynamic partnership that allows Liberty to acquire affordable housing units directly through Truman-led projects.
Our team believes that everyone deserves a safe, comfortable, and affordable place to call home, and we are proud to be making a difference in the lives of Calgarians.
Proud to be partnered with
A fair exchange, explained upfront.
Liberty’s contribution is not a conventional dollar-for-dollar down-payment loan. If you later sell, refinance or trigger another transaction defined as a Disposition in your agreement, the contract-defined Shared Equity Amount is divided under a time-based schedule. Your share increases with time.
Could Liberty be your way in?
Answer four quick questions to see whether the program may fit. This is not a mortgage application and will not affect your credit.
Step 1 of 4
Liberty may be worth exploring.
Your answers suggest Liberty may be a potential fit. The next step is a conversation about the program and mortgage qualification.
Mortgage and program approval, participating home availability, and full program terms still apply.
Let’s talk about
your next step.
Not meeting every criterion today doesn’t mean the conversation has to end. Our team would be happy to explain the requirements and discuss what you may need to work toward before applying.
Unsure about mortgage readiness? We can help you connect with an approved lending partner to explore your circumstances.
A conversation does not guarantee eligibility or mortgage approval.
A different path to owning - and building value
Liberty offers a more flexible and equitable path to homeownership compared to traditional fixed-price, restricted-resale programs. Here’s how we stack up:
Liberty vs Other Programs
Your Contribution
Liberty starts with $1,500 toward the 5% down payment. Others may require a higher minimum.
Building Equity
Liberty lets you pay down your mortgage and keep your applicable share of market appreciation.
Some fixed-price models allow principal repayment but no market appreciation.
Selling
Liberty lets you sell on the open market (subject to agreement). Other programs require resale to the program.
Resale Price
Liberty’s price reflects the market when you sell. Some program resale prices are fixed or controlled.
Shared Equity Explained
Liberty helps complete the required 5% down payment. If a contract-defined Disposition later occurs, the Shared Equity Amount is divided under a time-based schedule. The longer you own, the more of that amount you keep.
Year 1
Vendor receives 90% of the Shared Equity Amount or the full Forgivable Equity Loan, whichever is greater.
Year 1-2
30% to purchaser / 70% to Vendor.
Year 2-3
60% to purchaser / 40% to vendor.
Year 3-20
80% to purchaser / 20% to Vendor. Your share increases with time.
Find your new home.
We combine quality housing with financial tools and personal support to create a path to ownership thats possible – and lasting.
Active Projects
