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The Down Payment Assistance Program (DPAP) assists Nova Scotians with modest incomes who pre-qualify for an mortgage that is insured buy their very very first house.

Лют 28 2020 Published by under Loan Mart Locations

The Down Payment Assistance Program (DPAP) assists Nova Scotians with modest incomes who pre-qualify for an mortgage that is insured buy their very very first house.

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Eligible individuals can put on to receive an interest-free loan that is repayable of to five % for the purchase price of a property.

Eligibility:

  • The purchase cost of the house might not meet or exceed $280,000 within the Halifax Regional Municipality (HRM) and $150,000 within the remaining portion of the province.
  • Individuals will need to have good credit and start to become pre-approved for an insured home loan by an accepted standard bank.
  • The following criteria must be met: for an applicant to be eligible for the assistance
    • The house is with in Nova Scotia
    • The applicant is a first-time house customer
    • The applicant doesn’t have the economic power to spend 5% of this purchase cost of the home without help of this system. Continue Reading »

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