Down Payment Assistance Program

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Service Description

Assists Nova Scotians who pre-qualify for an insured mortgage to purchase their first home. Eligible participants can apply to receive a loan of up to 5 per cent of the purchase price of a home.

Loans provided under this program are interest-free, repayable over a 10-year period, and must be used for a down payment (cannot be used for financing, closing, or other costs). The maximum loan available is $25,000.

Eligibility

See website for full eligibility details

Application Process

Download an application from the website • Applicants are advised to call the toll free number to set up an appointment if they wish to visit a Housing Nova Scotia office to submit an application or if they require assistance from one of Housing Nova Scotia’s staff members