The advance payment Assistance Program (DPAP) assists Nova Scotians with modest incomes who pre-qualify for an insured home loan to purchase their first house.

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Qualified individuals can put on to get an interest-free loan that is repayable of to five percent associated with the purchase cost of a house.


  • The acquisition cost of the house may well not go beyond $280,000 within the Halifax Regional Municipality (HRM) and $150,000 within the other countries in the province.
  • Individuals will need to have good credit and get pre-approved for an insured home loan by an accepted standard bank.
  • The following criteria must be met: for an applicant to be eligible for the assistance
    • The home is with in Nova Scotia
    • The applicant is a home buyer that is first-time
    • The applicant won’t have the ability that is financial spend 5% regarding the purchase cost of the house without support associated with the system.
    • The applicant is pre-approved for an insured home loan by an established standard bank
    • The applicant includes a satisfactory credit score
    • The applicant has evaluated the academic product for first-time house buyers given by Housing Nova Scotia (see below)
    • The applicant’s total household earnings is lower than $75,000
    • The applicant is just a Canadian resident or has permanent resident status
    • The applicant has resided in Nova Scotia for at the least one year
  • The purchased property should be the applicant’s principal residence; leasing properties, regular and leisure properties aren’t eligible.
  • Mobile phone homes meet the criteria only when they truly are forever affixed to a house owned by the applicant.


  • The loans are interest-free and generally are repayable over 10 years. Individuals may waive their re payments when you look at the year that is first.
  • The mortgage must get toward the advance payment and is not useful for financing, shutting or any other costs.
  • The advance payment help loans can range between as much as $7,500 or more to $14,000.