Yukon launches first-time homebuyer loan program to pay up to half of down payments
- Yukon Premier Ranj Pillai announced a first-time homebuyer loan program that will cover up to 50 percent of down payments for eligible buyers.
- The Yukon government has initiated a first-time homebuyer program that offers loans covering up to 50% of down payments at a fixed interest rate of 2.5% compounded annually.
- Eligible homeowners must meet certain financial criteria, and the home's purchase price cannot exceed the average sale price in Whitehorse.
- A budget of $1 million has been allocated for this program, which will undergo a review after one year to assess its effectiveness.
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Yukon Launches First-Time Homebuyer Loan Program to Pay up to Half of Down Payments
Yukon’s government is launching a first-time homebuyer program in the territory that will see eligible residents receive low-interest loans to help with down payments. The territory says the Yukoner First Home Program will give eligible homebuyers loans that would cover up to half of their down payments on a purchase, and repaying the loan can be deferred until the buyers’ mortgage has been refinanced or paid off. Premier Ranj Pillai says in a s…
Yukon launches first-time homebuyer loan program to pay up to half of down payments - Mortgage Rates & Mortgage Broker News in Canada
Yukon's government is launching a first-time homebuyer program in the territory that will see eligible residents receive low-interest loans to help with down payments.
The government wants to accelerate the housing market through various means, such as extending mortgage loans and raising the loan ceiling.
Winnipeg Free Press
Yukon launches first-time homebuyer loan program to pay up to half of down payments
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