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Down Payment Assistance Program (DPAP) Application Form
Application Form for Finance PEI's Down Payment Assistance Program (DPAP) for Modest Income Households
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Down Payment Assistance Program Fact Sheet
Guidelines for Finance PEI's Down Payment Assistance Program (DPAP) for Modest Income Households
Information
Down Payment Assistance Program
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...
Service
Apply Online for Down Payment Assistance – Modest Income Homeowner
Down payment assistance is available for modest-income homeowners who qualify for a default-insured mortgage to purchase their first home. Eligible applicants whose annual household income is $110,000 or less may apply to Finance PEI for a conditionally interest-free loan (maximum $17,500) for up to 5% of the purchase price of a program-eligible home. The loan is payable over ten years. Find detailed application and eligibility criteria at Down Payment Assistance Program. Applications will be accepted until March 31, 2031 or until funds authorized for this program are depleted. How do I apply...
Publication
Proactive Disclosure of Loans in excess of $100,000
Proactive Disclosure of loans in excess of $100,000 (after June 20, 2019)
Service
Rent-to-Own Pilot Program
The Rent-to-Own Pilot Program gives Island residents with modest incomes who do not currently own a home the opportunity to “rent to own” an eligible home, up to a maximum value of $350,000 (including HST, if any). Eligible Islanders can submit applications to Finance PEI for the opportunity to take part in the Rent-to-Own Pilot Program. Eligibility For an applicant to be eligible for assistance, the following criteria must be met: Applicant does not currently own a home; Applicant will provide a formal written letter confirming that they have been declined by a recognized financial...
Information
Early Years Centre Expansion Low-Interest Loan Pilot Program
The Early Years Centre Expansion Low-interest Loan Pilot Program has been designed in partnership with the Department of Education and Early Years to provide applicants with the opportunity to access financing for new construction and/or expansion of existing Early Years Centres...
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Farmland Financing
The Farmland Financing Program is available to support eligible farmers; new and expanding or those involved in farmland succession within Prince Edward Island. What type of financial assistance is available? Finance PEI provides two financing programs (Acreage Acquisition Loan...
Information
Energy Efficiency Loan Program - Solar Photovoltaic Equipment
The Energy Efficiency Loan Program for Solar Photovoltaic Equipment (EELP-SERP) will provide financing to qualifying Prince Edward Island home-owners, farms and businesses that are approved applicants under efficiencyPEI’s Solar Electric Rebate Program. This will assist with the...