Maximum Purchase Price Change

Today we're going to talk about some really exciting new rule changes.

Effective December 15th, 2024, the government has increased the maximum purchase price that you can buy. If you're using less than a 20% down payment. Currently, any properties over $1 million require a 20% down payment, but effective December 15th of 2024, that number has been increased to 1.5 million.

This is huge! It means that now to buy a $1.5 million property, instead of needing $300,000 for the down payment, families only need $125,000 to buy that property. This is going to really help make things a little bit easier for families to get into a suitable home, and we're super excited about it.

There are more details to come and it is starting December 15th. As mentioned, please reach out to our team if you're looking for a property right now so that we can discuss your specific situation with you.

Have a beautiful day.