hit counter for tumblr
Your browser (Internet Explorer 6) is out of date. It has known security flaws and may not display all features of this and other websites. Learn how to update your browser.

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. More…