BC Home Owner Mortgage & Equity Partnership Program
This program helps BC residents who are eligible first time buyers with repayable down payment assistant loans. The loans are up to a maximum of 5% of purchase price and have a 25 year loan term with interest and payment free for the first five years and will be registered on title to the property as a second mortgage. This is a three year program starting January 16, 2017.
The home must be a legal, self-contained mortgageabe residence located in British Columbia, with a maximum purchase of $750,000.
For more information on this program visit housingaction.gov.bc.ca/
To apply visit BC Housing.