First-Time Homebuyer Mortgage Services in Halifax, Nova Scotia
Help Customers Purchase Their First Home
Saving for a down payment on a first home has become increasingly difficult. This program makes it easier by allowing customers to purchase a home with a lower down payment.
Available for 1 and 2 unit properties
3 & 4 units up to 90% LTV
For properties > $500,000 and <$1,000,000 – 5% down payment required up to $500,000, with an additional 10% down payment on the portion of the home value above $500,000
Available for both existing and new construction homes
Where do I start?
The best place to begin is to find out how much you could afford to borrow. The amount you qualify for depends on how much you earn, have saved for a downpayment and your outgoing expenses. It's always good to know how much is in your wallet before you go to the grocery store, shopping for a mortgage is no different.
If you are just starting your home purchase journey or have a specific home in mind or refinancing, I would recommend you start here. Our calculators are easy to understand and only take seconds to complete on your smart-phone.