Down Payment Assistance Programs For Nova Scotians

The Down Payment Assistance Program (DPAP) assists Nova Scotians with modest incomes who pre-qualify for an insured mortgage to purchase their first home. Eligible participants can apply to receive an interest-free repayable loan of up to five per cent of the purchase price of a home.


·         The purchase price of the home may not exceed $280,000 in the Halifax Regional Municipality (HRM) and $150,000 in the rest of the province.

·         Participants must have good credit and be pre-approved for an insured mortgage by a recognized financial institution.

For an applicant to be eligible for the assistance, the following criteria must be met:

o    The property is in Nova Scotia

o    The applicant is a first-time home buyer

o    The applicant is pre-approved for an insured mortgage by a recognized financial institution

o    The applicant has a satisfactory credit rating

o    The applicant has reviewed the educational material for first-time home buyers provided by Housing Nova Scotia

o    The applicant’s total household income is less than $75,000

o    The applicant has resided in Nova Scotia for at least 12 months

The purchased property must be the applicant’s principal residence; rental properties, seasonal and recreational properties are not eligible. 


·         The loans are interest-free and are repayable over ten years. Participants may waive their payments in the first year.

·         The loan must go toward the down payment and cannot be used for financing, closing or other costs.

·         The down payment assistance loans can range between up to $7,500 and up to $14,000.

Additional Information:

·         The pilot program starts on May 1, 2017 and loans will be advanced between May 1, 2017 and March 31, 2018.

·         The program will help between 100 and 125 households based on Federal and Provincial funding of $1.30 million.

·         The program is based on a first come, first served basis.