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The Down Payment Assistance Program helps Nova Scotians who pre-qualify for an insured mortgage to buy their first home. You can apply to the Down Payment Assistance Program for a loan of up to 5% of the purchase price of a home to help with the down payment. You can apply anytime.
Nov 22, 2022 · 22 November 2022 | 10:44 AM. Municipal Affairs and Housing. More Nova Scotians will get an opportunity to buy their first home with a change to the provincial Down Payment Assistance Program. The Province is adopting the definition of first-time homebuyer used by the Canada Mortgage and Housing Corporation (CMHC), which will expand eligibility ...
Jun 20, 2022 · Other changes to the program include: increasing the total household income eligibility to $145,000 across the province, up from $75,000. removing the sliding scale to provide five per cent down payment to all applicants. Under these changes, the maximum down payment interest-free loan will be $25,000, repayable over 10 years.
Jun 20, 2022 · Nova Scotia has announced changes to a home down payment program that provides eligible people buying their first home with an interest-free loan of five per cent of the value of the property.
Jun 19, 2024 · housing. Enhancements to the Province’s Down Payment Assistance Program mean more homes in Halifax Regional Municipality (HRM) and the Municipality of East Hants qualify and first-time homebuyers can receive more financial support. People using the program can now purchase homes in those areas that are priced up to $570,000, up from $500,000.
Eligible participants can apply to receive an interest-free repayable loan of up to five per cent of the purchase price of a home. Mortgage Managers. 2241 Hammonds Plains Road. Hammonds Plains, NS B4B 1M5. Google Maps. Contact Us. Toll Free: 1-877-996-6677. Tel: 902-820-3303. Fax: 902-820-3304.
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Nov 23, 2022 · Divorcees and former homeowners are now eligible to apply for the provincial down payment assistance program after Nova Scotia adopted the definition of 'first-time homebuyer' used by the Canada ...