PURCHASE POWER
DEPOSIT GUARANTEE
A low cost alternative to cash deposits when buying your new home
Purchase Power Deposit Guarantee
Affordable Deposit Guarantee fees for your purchase timeline
Time until closing date
3 MONTHS
Amount covered by Purchase Power
$100,000
Purchase Power fee*
$3,000
*plus applicable taxes
Time until closing date
12 MONTHS
Amount covered by Purchase Power
$100,000
Purchase Power fee*
$5,500
*plus applicable taxes
Time until closing date
48 MONTHS
Amount covered by Purchase Power
$100,000
Purchase Power fee*
$7,000
*plus applicable taxes
Making Real Estate Better!
PURCHASE POWER
DEPOSIT GUARANTEE
When you pay 5% of your deposit in cash and are required to place a larger deposit, Purchase Power Deposit Guarantees can be issued for part of the additional deposit amount required, up to 20% of the purchase price. The Deposit Guarantee acts as a substitute for the cash deposit required by the Buyer of a residential property when signing an Agreement of Purchase and Sale. You can purchase pre-construction new build and resale residential homes with closing dates up to 48 months. Home Owners and First-time home buyers are able to obtain a Purchase Power Deposit Guarantee.