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

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

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Qualified individuals can put on to get an interest-free repayable loan of up to five percent associated with purchase cost of a property.


  • The acquisition cost of the house may well not exceed $280,000 when you look at the Halifax Regional Municipality (HRM) and $150,000 when you look at the other countries in the province.
  • Individuals should have good credit and stay pre-approved for the insured home loan by an accepted financial institution.
  • The following criteria must be met: for an applicant to be eligible for the assistance
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    • The house is in Nova Scotia
    • The applicant is a first-time house customer
    • The applicant doesn’t have the ability that is financial spend 5% regarding the purchase cost of the home without help for the system.
    • The applicant is pre-approved for an insured home loan by an established standard bank
    • The applicant has a credit rating that is satisfactory
    • The applicant has evaluated the academic product for first-time house purchasers supplied by Housing Nova Scotia (see below)
    • The applicant’s total household earnings is not as much as $75,000
    • The applicant is a Canadian resident or has resident status that is permanent
    • The applicant has resided in Nova Scotia for at the least one year
  • The bought property should be the applicant’s principal residence; leasing properties, regular and leisure properties aren’t qualified.
  • Cellphone domiciles meet the criteria as long as these are generally forever affixed to a residential property owned by the applicant.


  • The loans are interest-free and therefore are repayable over 10 years. Individuals may waive their re re payments within the very first 12 months.
  • The mortgage must get toward the deposit and may not be used for financing, shutting or any other costs.
  • The deposit support loans can vary between as much as $7,500 or over to $14,000.

More Information:

  • This program assisted 153 time that is first purchasers during its very first 12 months with financing of almost $1.3 million being committed.
  • This program is according to a first come, first served foundation. Unused monies in every certain area might be redistributed if use up is certainly not on target in every for the four regions.
  • The province is making available $1.05 million in funds that’ll be loaned to system participants in financial 2019/20 year. $250,000 happens to be budgeted to pay for interest expenses and carrying fees.

Install your application right here:

The next supporting paperwork 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 full 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 one’s most pay stub that is recent.
  • A duplicate of one’s Pre-Approval for very very first home loan funding.
  • A finalized affidavit showing no past house ownership. (take note that a Commissioner of Oaths comes in all the local workplace and can sign your affidavit cost-free! )
  • A duplicate of one’s contract of Purchase and purchase
  • A written verification of work confirming your date of hire, place, yearly earnings for 2019, work status: Comprehensive Time, Part Time, Casual, Seasonal, Term plus the likelihood for future or employment that is continued.

The job can’t be prepared if appropriate verification of earnings, as noted above, is certainly not provided.

Academic Material:

Loans under DPAP is only going to be disbursed to qualified candidates who confirm they will have evaluated the academic material detailed below. For the convenience, the materials can be acquired below. Please be aware that the academic Material Confirmation Form should be finalized and submitted just receipt that is following of loan approval.

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