Brandon Homebuyer Assistance Program Accepting Applications Until September

by Staff - August 3, 2023 83
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The City of Brandon is pleased to announce that applications for the Brandon Homebuyer Assistance Program are being accepted until Tuesday, September 5, 2023, at 5 p.m. Funding for this program is provided by the Manitoba Government.

For many first-time homeowners, one of the most difficult tasks is saving enough money for the down payment. Imagine if you could apply for a forgivable loan of up to almost $30,000.

The Brandon Homebuyer Assistance Program helps those who are eligible to become homeowners by providing funding equal to a 10% down payment and a portion of the associated closing costs by way of a forgivable loan. The maximum forgivable loan for an approved applicant is $29,250 over a 5-year period.

HOW TO APPLY:

  1. Check the eligibility requirements at brandon.ca/home-buyers-program.
  2. Get a mortgage pre-approval, with the assumption that you will have a 10% down payment without a guarantor or co-signor from a National Housing Act approved lender.
  3. Schedule an in-person consultation with us by calling 204-729-2120, or email housingandwellness@brandon.ca.  Let us know if you need interpretation or accessible services when scheduling your appointment with us.
  4. Fill out and submit your application package by Tuesday, September 5, 2023, at 5 p.m.
  5. If your application is approved, then you can go purchase a house!

Check out this YouTube video for a summary of the process.

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