Down Payment Assistance Program
- Maximum amount
- $350,000
- Deadline
- Ongoing intake
- Where
- Prince Edward Island
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In short
The Down Payment Assistance Program (DPAP) is a pilot program to assist qualified residents of Prince Edward Island, who have modest incomes, in purchasing a first home.How much financing is available under this program?Eligible applicants can apply to receive a conditionally interest free loan of up to five per cent of the purchase price of a home, to a maximum loan of $17,500.The loan proceeds must go toward the down payment for the home and cannot be used for financing, closing or other costs.The loan will bear interest at the fixed rate of 5 per cent per annum, which will accrue and
Eligibility criteria
- Business located in the targeted province (required)
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Page updated on October 11, 2026. Summary and criteria extracted by our AI from the official program page; always check with the agency.
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