Deposit Loans Now Available for First-Time Buyers in B.C.


Under: Advice for Buyers, First Time Buyer

 

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Written on March 10th, 2017

 
 

KITCHNER. 2, 3 & 4 Bed Rowhomes. Contact Chris for more info.

In January, BC Housing launched the BC Home Owner Mortgage and Equity Partnership, or HOME Partnership, a new first-time homebuyer program providing repayable down payment assistance loans for eligible British Columbia residents.

As part of the HOME Partnership, first-time buyers who have saved towards a down payment can apply to the program for a loan of up to 5% of a home’s purchase price, or a maximum of $37,500. The loan, which is interest-free and payment-free for five years, must be matched by the buyer’s down payment.

To qualify, homebuyers must be Canadian citizens or permanent residents, and must be first-time buyers who have not previously owned an interest in a property anywhere in the world.

Find further information about the BC HOME Partnership Program at the BC Housing website, including:

If you are interested in this program and would like more information, please call Chris at 778-881-0673 or email chris@chrisbrownrealestate.ca.

For more information, please visit: https://www.bchousing.org/housing-assistance/bc-home-partnership.

 

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