For immediate use
Monday, May 26, 2025
Helping First-Time Buyers Step Into Home Ownership: Ironstone and Libro Credit Union Launch HomeStart
LONDON, ON — First-time homebuyers in Southwestern Ontario just gained a powerful new advantage. The Ironstone Building Company has partnered with Libro Credit Union to launch HomeStart, a limited-time offer designed to make buying a new home easier, more affordable, and far less stressful.
Through this unique program, eligible buyers who finance their Ironstone home through Libro may qualify for a $100,000 interest and payment-free loan to help cover their down payment on select move-in-ready properties.
A Head Start for First-Time Buyers
HomeStart is designed with simplicity and peace of mind in mind—especially for those entering the housing market for the first time. The offer includes:
- $100,000 loan towards your down payment, interest-free and payment-free for 10 years
- No appraisal fees incurred, saving time and costs
- No early prepayment charges on the $100,000 loan
- Up to $27,000 in interest savings compared to a traditional mortgage structure
- 25% loan forgiveness if you purchase a second Ironstone home within five years
“Buying your first home can be overwhelming,” says Dave Stimac, President of Ironstone Building Company. “With HomeStart, we’re offering more than just a financial boost — we’re delivering peace of mind. Through the elimination of interest payments for a 10-year period, we present our home buyers with a flexible solution that, in turn, provides the ultimate confidence in purchasing their first home.”
Strong Local Partnership, Shared Purpose
For Libro Credit Union, the collaboration builds on a long-standing commitment to helping people achieve financial well-being through trusted advice, competitive mortgage rates, and local expertise.
“At Libro, we’re here to support our Owners through life’s major milestones—like buying a first home,” said Shawn Good, President & CEO of Libro Credit Union. “HomeStart aligns with our purpose of strengthening the financial well-being of Owners, businesses and communities and we couldn’t be more excited to establish this partnership.”
A variety of Ironstone-built townhomes, condos, and single-family homes across London are included in the offer. Prices start at $649,900.
To learn more, visit ironstonebuilt.com/homestart or speak with a Libro Coach today.
Media contacts:
Scott Rigmond, Sr. Marketing Manager, Ironstone Building Company
C: 519-868-0507, scott@ironstonebuilt.com
Mike Donachie, Director, Communications, Libro Credit Union
C: 226-926-4068, mike.donachie@libro.ca
Visit libro.ca/media.