The Down Payment Assistance Program (DPAP) for Nova Scotia
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 $300,000 in the Halifax Regional Municipality (HRM) and $200,000 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:
The property is in Nova Scotia
The applicant is a first-time home buyer
The applicant does not have the financial ability to pay 5% of the purchase price of the property without assistance of the program.
The applicant is pre-approved for an insured mortgage by a recognized financial institution
The applicant has a satisfactory credit rating
The applicant has reviewed the educational material for first-time home buyers provided by Housing Nova Scotia (see below)
The applicant’s total household income is less than $75,000
The applicant is a Canadian citizen or has permanent resident status
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.
Mobile homes are eligible ONLY if they are permanently affixed to a property owned by the applicant.
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 $10,000 and up to $15,000.
The program is based on a first come, first served basis. Unused monies in any area may be redistributed if take up is not on target in any of the four regions.
Central Region (Halifax Office)
Eastern Region (Sydney Office)
Western Region (Middleton Office)
Northern Region (New Glasgow Office)
More info at