Nova Scotia’s Down Payment Assistance Program (DPAP)

nova scotia down payment assistance program dpap

Taking the first step into homeownership is thrilling, but let’s be honest, coming up with that down payment can be a bit of a hurdle. If you’re a first-time homebuyer in Nova Scotia, I’ve got some great news for you. The Down Payment Assistance Program (DPAP) is here to lend a hand. Let’s dive into what this program is and how it can make your dream of owning a home in Nova Scotia more attainable.

What’s the DPAP All About?

The Down Payment Assistance Program offers a helping hand to first-time buyers who need a little extra help with their down payment. This program provides interest-free, repayable loans to eligible buyers in Nova Scotia, giving you that much-needed boost towards securing your first home.


  • First-Time Buyers: You need to be buying your first home in Nova Scotia.
  • Income and Price Caps: The maximum household income threshold is $145,000 and there are maximum purchase price limits depending on the location of the property, so check if your dream home and income level fit the bill.
  • Residency Plans: You should plan to live in the home as your primary residence, and you must be a resident of Nova Scotia for the past 12 months that is a Canadian citizen or has permanent residency status.
  • Credit – You need to have a good credit rating and be pre-approved for a mortgage 
  • Savings – Applicants must demonstrate that they are unable to afford the minimum 5% down payment for the property on their own. This criteria ensures that the program is accessible to those who genuinely need the financial assistance to make their first home purchase.

How Does It Work?

  • The Loan: You can receive up to 5% of the purchase price of your new home as a loan.
  • Repayment Plan: The best part? It’s interest-free and repayable over 10 years, making it easier on your wallet.

Why Consider the Down Payment Assistance Program?

  • Financial Relief: It eases the burden of saving for a down payment, especially in a challenging market.
  • Interest-Free: The lack of interest means you’re not overburdened with additional financial strain.
  • Accessibility: It opens doors to homeownership that might otherwise feel closed due to financial constraints.

Applying for the Program: A Step-by-Step Guide

  1. Check Your Eligibility: Make sure you meet all the criteria before diving in and reach out to a mortgage broker to assist with a pre-approval.
  2. Gather Documentation: You’ll need proof of income, agreement of purchase (once an offer is made on a home), and more.
  3. Submit Your Application: Follow the process outlined by Housing Nova Scotia to get your application rolling.

Things to Keep in Mind

  • Stay Informed: Be aware of the program’s terms and conditions to ensure it aligns with your home-buying plans.
  • Plan Your Finances: Remember, the loan is repayable, so factor this into your long-term financial planning.

Ready to Take the First Step?

The Down Payment Assistance Program in Nova Scotia can be a game-changer for first-time buyers. If you’re thinking about taking advantage of this program or have questions about how it can fit into your home-buying journey, don’t hesitate to reach out. I’m here to help you apply for this program and get you closer to the keys of your new home.

Feel free to contact me today.

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