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The Down Payment Assistance Program (DPAP) assists Nova Scotians with modest incomes who pre-qualify for the mortgage that is insured buy their very very first house.

You’re right right here

Qualified individuals can put on to get an interest-free loan that is repayable of to five per cent for the purchase cost of a house.


  • The acquisition cost of the house may well not surpass $280,000 within the Halifax Regional Municipality (HRM) and $150,000 when you look at the remaining portion of the province.
  • Individuals should have good credit and become pre-approved for the insured home loan by an accepted standard bank.
  • For a job candidate to qualify for the support, the next requirements must certanly be met:
    • The home is with in Nova Scotia
    • The applicant is just a first-time house buyer
    • The applicant doesn’t have the monetary capability to spend 5% associated with the purchase cost of the house without help associated with system.
    • The applicant is pre-approved for an insured home loan by an established standard bank
    • The applicant includes an effective credit score
    • The applicant has evaluated the material that is educational first-time house purchasers supplied by Housing Nova Scotia (see below)
    • The applicant’s total household earnings is lower than $75,000
    • The applicant is really a Canadian resident or has resident status that is permanent
    • The applicant has resided in Nova Scotia for at the very least year
  • The bought property should be the applicant’s principal residence; leasing properties, regular and leisure properties aren’t qualified.
  • Mobile phone domiciles meet the criteria only when they’ve been completely affixed to home owned by the applicant.


  • The loans are interest-free and generally are repayable over a decade. Participants may waive their re re payments into the year that is first.
  • The mortgage must go toward the deposit and may not be employed for financing, shutting or any other expenses.
  • The advance payment support loans can vary between as much as $7,500 or over to $14,000.

Extra Information:

  • This program assisted 153 first-time home purchasers during its very very first 12 months with capital of almost $1.3 million being committed.
  • This system is founded on a very first come, first served foundation. Unused monies in almost any certain area can be redistributed if use up isn’t on target in every regarding the four areas.
  • The province is making available $1.05 million in funds which will be loaned to system participants in financial 2019/20 year. $250,000 was budgeted to pay for interest costs and charges that are carrying.

Install your application right here:

The following supporting documents is needed to process the job:

  • 2018 money Tax slips (T-slips) and connected 2018 Notice of Assessment through the Canada income Agency (CRA). Your T-slips should equal the sum total ($) Amount entirely on Line 150 of your Notice of Assessment.
  • A duplicate of your choice “C” Report available by calling the Canada income Agency at 1-800-959-8281.
  • A duplicate of the many present pay stub. http://speedyloan.net/reviews/checkmate-loans
  • A duplicate of one’s Pre-Approval for very first mortgage funding.
  • A finalized affidavit showing no home ownership that is previous. (please be aware that the Commissioner of Oaths will come in each one of the local workplace and can sign your affidavit totally free! )
  • A duplicate of one’s contract of Purchase and purchase
  • A written verification of work confirming your date of hire, place, annual earnings for 2019, work status: Comprehensive Time, in your free time, Casual, Seasonal, Term and also the likelihood for future or employment that is continued.

The job can not be prepared if appropriate verification of earnings, as noted above, just isn’t supplied.

Academic Material:

Loans under DPAP is only going to be disbursed to qualified candidates who confirm they usually have evaluated the material that is educational below. The material is available below for your convenience. Take note that the Educational Material Confirmation Form should be finalized and submitted just after receipt of provisional loan approval.

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