DPA & MIA Details

Down Payment / Mortgage Interest Assistance

Under this program there are two options – down payment assistance or mortgage interest assistance.

Down Payment Assistance

This option provides a lump sum forgivable interest-free loan of up to $45,000 for a period of five years. Download the terms and conditions (PDF).

Mortgage Interest Assistance

This option provides interest assistance of up to $50,000 over a five year period. Please note, this option may have certain tax advantages but is only available for mortgages secured with HSBC. Download the terms and conditions (PDF).

More Information

For general information on the Mortgage & Down Payment Assistance Program please email james.heth@ubc.ca.