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Eligible individuals can use to get an interest-free repayable loan of up to five percent associated with the purchase cost of a property.
- The acquisition cost of the house might not meet or exceed $280,000 within the Halifax Regional Municipality (HRM) and $150,000 into the other countries in the province.
- Individuals need good credit and stay pre-approved for an insured http://speedyloan.net/reviews/cash-store/ home loan by an established lender.
- For a job candidate to qualify for the help, listed here requirements must certanly be met:
- The home is in Nova Scotia
- The applicant is just a home buyer that is first-time
- The applicant doesn’t have the monetary capability to pay 5% of this purchase cost of the house without help of this system. (more…)