The First-Time Homebuyer Pilot Program is a mortgage product offered exclusively by Nova Scotia Credit Unions and backed by a deficiency guarantee from the Government of Nova Scotia. This program helps first-time buyers in Nova Scotia get into a home sooner, with fewer barriers and no extra surprises.
First-time buyers or those who have not owned in the last four years
Must be the primary residence
Nova Scotia residents with a household income up to $200,000
A wide range of home types qualify
Let's have a conversation. Find out if you pre-qualify.
At Valley Credit Union, we believe this program can help open the door to homeownership. Our local mortgage team is here to guide you every step of the way. Not a member? That’s okay! You can still book an appointment, and we’re happy to help you see if this could work for you.
These Frequently Asked Questions (FAQs) provide a quick overview of eligibility for members. Our experts will review the full requirements with you during your appointment to help pre-qualify you.
Anyone who meets the eligible criteria and standard requirements. This is a pilot program available only through participating Atlantic credit unions. Program details are available on the Government of Nova Scotia website.
Our friendly, knowledgeable advisors will review the full eligibility details with you during your appointment. Additional terms and conditions apply.
The down payment must come from your own savings. It can’t be borrowed or come from cash-back or incentives, but eligible gifted funds are allowed.
Only primary residences are eligible. Rental, seasonal, and recreational properties are not covered. Many types of homes may qualify; including mobile, manufactured, and tiny homes. Our team can review the specific criteria with you.
New construction, purchase-plus-improvements, refinancing, and closing costs (appraisals, legal fees, etc.) are not included under the program.
First-time Homebuyers Pilot Program in Partnership with:
Head Office Contact Information
Main Telephone Number: 902-538-4510 or Toll Free 1-866-990-4044
Valley Credit Union Limited 5682 Hwy 1, Waterville Nova Scotia B0P 1V0
Valley Credit Union Limited (Valley CU) is a member of the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC), which at $250,000, provides the highest deposit insurance protection in Nova Scotia, Canada. Mortgage License #3000173
© Copyright 2026 Valley Credit Union Ltd. All rights reserved. Serving members in the Nova Scotia Western Zone or Annapolis Valley Region, including but not limited to Annapolis County, Kings County, and Hantsport in West Hants County.
® / ™ Trademarks are owned by, or use is authorized by, the Canadian Credit Union Association and Atlantic Central.
