BC Government Offers First Time Homebuyers With Down Payment Loan Help

  • REALTOR® Doug Gibson discusses how the BC Government extends an olive branch to first time homebuyers with down payment loan help.

    The BC Government will offer first time buyers a loan of up to $37,500 or up to 5% of the purchase price.

    There are certain rules that apply:

    • The purchase price must be less than $750,000
    • The combined income of buyer(s) must be less than $150,000
    • The loan is a 25-year loan, with the first 5 years interest-free

    This can help first time buyers get back into the housing market.

    If you have any questions, please feel free to contact us!

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