Latest Council Agenda

Sample icon1Upcoming Council meeting agenda is available for viewing

Online Tax Payment

Sample icon 2Click here to access online tax payments

Water Supply Lending

icon-3Click here for information 
on the Water Supply Lending Program

Municipality of the District of Argyle

Down Payment Assistance Program (DPAP)

living here

Housing Nova Scotia offers The Down Payment Assistance Program (DPAP). It assists Nova Scotians with modest incomes who pre-qualify for an insured mortgage to purchase their first home.

For an applicant to be eligible for the assistance, the following criteria must be met:

Click for more information

  • The property is in Nova Scotia
  • The applicant is a first-time home buyer
  • The applicant does not have the financial ability to pay 5% of the purchase price of the property without assistance of the program.
  • The applicant is pre-approved for an insured mortgage by a recognized financial institution
  • The applicant has a satisfactory credit rating
  • The applicant has reviewed the educational material for first-time home buyers provided by Housing Nova Scotia (see below)
  • The applicant’s total household income is less than $75,000
  • The applicant is a Canadian citizen or has permanent resident status
  • The applicant has resided in Nova Scotia for at least 12 months
  • The purchased property must be the applicant’s principal residence; rental properties, seasonal and recreational properties are not eligible.
  • Mobile homes are eligible ONLY if they are permanently affixed to a property owned by the applicant.

Loans:

  • The loans are interest-free and are repayable over ten years. Participants may waive their payments in the first year.
  • The loan must go toward the down payment and cannot be used for financing, closing or other costs.
  • The down payment assistance loans can range between up to $7,500 and up to $14,000.

For more information click: https://housing.novascotia.ca/downpayment

You are here: Home Home Front Page Articles Down Payment Assistance Program (DPAP)

 FB-f-Logo  blue 50   YouTube-logo-light