Provincial Mortgage Programs & Incentives
Discover a range of mortgage programs in Nova Scotia designed to support homebuyers. Whether you're a first-time buyer looking for guidance, seeking down payment assistance, or exploring affordable housing options, there are solutions tailored to your needs. Take the next step toward homeownership with and access the resources available to help you on your journey.
NOVA SCOTIA GOVERNMENT PROGRAM
What is DPAP?
The Down Payment Assistance Program (DPAP) is a Nova Scotia Housing initiative designed to help first-time homebuyers overcome the down payment barrier. The program provides an interest-free loan of up to 5% of your home's purchase price, making homeownership more accessible for Nova Scotians.
How Much Can You Get?
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Up to 5% of the purchase price
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Interest-free for the first 10 years
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Registered as a second mortgage on your property
Example Scenario
For a $350,000 home purchase:
DPAP Loan (5%) $17,500
Your Savings Needed Reduced
Interest Saved (10 yrs) $5,000+
Eligibility Requirements
To qualify for the Down Payment Assistance Program, you must meet these criteria
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First-Time Homebuyer
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Income Limits
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Primary Residence
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Purchase Price Cap
Program Benefits
DPAP offers significant advantages for first-time homebuyers in Nova Scotia
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Up to 5% Down Payment
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Interest-Free for 10 Years
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Repayment Flexibility
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Combine with Other Programs