Home Loan Down Payment Program' title='Home Loan Down Payment Program' />BC Government Offers New Down Payment Loan to First Time Buyers. Premier Christy Clark announced December 1. Excel Mutual Fund Tracking Templates - Free Software And Shareware. BC up to 3. 7,5. The B. Diablo 2 Tmc. C. HOME Partnership program will match the amount first time homebuyers have saved towards a down payment, up to a maximum of 3. The loan only applies to homes with a total purchase price of 7. At the press conference this morning, Clark said the BC government established the loan to help homebuyers who already qualify for an insured high ratio mortgage but struggle to afford the initial down payment. I firmly believe that the dream of homeownership must remain within reach of the middle class in British Columbia, Clark said. The 2. 5 year loan will be interest free with no payments required for five years, after which interest will be applied at current market rates. Applicants must be first time homebuyers and have a total household income of less than 1. Homebuyers must also have been Canadian citizens for the past five years and lived in the province for a period of two years. Applicants will have to demonstrate that theyve paid taxes in Canada for at least one year. People need a partner in scraping together that down payment, and the B. C. government wants to be that partner, Clark added. The funds for this program are sourced from the provinces property purchase taxation, which includes the foreign buyer tax, said Clark. Five Steps To Owning Your First Home. Check out first time home buyer programs with zero to low down payment options. Get PreApproved for all the eligible loan. Information about the most popular Arizona Down Payment Assistance Programs including Home Plus, Home in Five, Pathway to Purchase and more. She doesnt believe the loan program will affect home prices. Our analysis tells us that it wont because everybody who is going to be eligible for this program will have to have been accepted for a mortgage already, said Clark. The program will last three years and Clark said theres no cap on the amount of money available or the number of applications they can approve. Online applications open January 1. DL/20141014/BUSINESS/141019916/AR/0/AR-141019916.jpg&maxh=400&maxw=667' alt='Home Loan Down Payment Program' title='Home Loan Down Payment Program' />What is the VA Home Loan Benefit VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan against. One of the biggest obstacles to owning a home is the amount of funds a borrower must have for downpayment and closing costs. To help applicants overcome this obstacle. Kabel Serial Console'>Kabel Serial Console. DOWN PAYMENT ASSISTANCE PROGRAMS. The money you put down or the down payment on your home loan can be one of the largest hurdles for many firsttime homebuyers. Home Loan Down Payment Program' title='Home Loan Down Payment Program' />Learn about firsttime home buyers programs in Massachusetts, including MassHousing, One Mortgage, FHA, and other low down payment home buyer loan programs.