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

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

You’re right right here

Qualified individuals can use to get an interest-free loan that is repayable of to five percent regarding the purchase cost of a property.


  • The acquisition cost of the true house might not exceed $280,000 when you look at the Halifax Regional Municipality (HRM) and $150,000 when you look at the remaining portion of the province.
  • Participants should have good credit and stay pre-approved for an insured home loan by an established standard bank.
  • For a job candidate to qualify for the support, the next criteria must certanly be met:
    • The house is in Nova Scotia
    • The applicant is really a first-time house customer
    • The applicant doesn’t have the ability that is financial spend 5% regarding the purchase cost of the house without support associated with system.
    • The applicant is pre-approved for an insured home loan by an established institution that is financial
    • The applicant has a credit rating that is satisfactory
    • The applicant has evaluated the academic product for first-time house purchasers given by Housing Nova Scotia (see below)
    • The applicant’s total household earnings is not as much as $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 least one year
  • The bought property ought to be the applicant’s principal residence; leasing properties, regular and leisure properties aren’t qualified.
  • Mobile phone domiciles qualify as long as they have been 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 re payments within the year that is first.
  • The mortgage must get toward the deposit and is not useful for financing, shutting or other expenses.
  • The advance payment support loans can vary between as much as $7,500 or over to $14,000.

Extra Information:

  • This program assisted 153 first-time house purchasers during its very very first 12 months with financing of nearly $1.3 million being committed.
  • This system will be based upon a very first come, first served foundation. Unused monies in every area could be redistributed if use up is certainly not on target in every for the four areas.
  • The province is making available $1.05 million in funds which will be loaned to system participants in financial 2019/20 year. $250,000 is budgeted to pay for interest expenses and carrying fees.

Install your application right here:

The following supporting paperwork is needed to process your application:

  • 2018 money Tax slips (T-slips) and connected 2018 Notice of Assessment through the Canada income Agency (CRA). Your T-slips should equal the sum total ($) Amount entirely on Line 150 of your Notice of Assessment.
  • A duplicate of your choice “C” Report available by calling the Canada sales Agency at 1-800-959-8281.
  • A duplicate of one’s many present pay stub.
  • A duplicate of one’s Pre-Approval for very first home loan funding.
  • A finalized affidavit showing no home ownership that is previous. (please be aware that a Commissioner of Oaths will come in each one of the local workplace and can signal your affidavit totally free! )
  • A duplicate of your contract of Purchase and purchase
  • A written verification of employment confirming your date of hire, place, yearly earnings for 2019, work status: Full Time fast payday loans online, in your free time, Casual, Seasonal, Term together with likelihood for future or employment that is continued.

The job can’t be prepared if appropriate verification of earnings, as noted above, just isn’t provided.

Academic Material:

Loans under DPAP is only going to be disbursed to qualified candidates who confirm they will have reviewed the material that is educational below. The material is available below for your convenience. Take note that the academic Material Confirmation Form needs to be finalized and submitted just following receipt of provisional loan approval.