BC government to offer down payment loans for first-time buyers
Premier Christy Clark unveiled a new loan program today to help first-time home buyers come up with their down payment.
The BC Home Owner Mortgage and Equity (HOME) Partnership program will offer qualifying home buyers loans of up to $37,500, interest and payment free, for five years.
The province will begin accepting applications on January 16, 2017.
To qualify, buyers must:
• be buying their first home;
• obtain a high-ratio,...