What kind of down payment will I require to purchase a new home?

Given the high quality of today’s Mini Homes, there are mortgage options now available that only require a down payment of 5% of the purchase price. That said, the larger the down payment, the less you have to borrow, and the more equity you’ll have in your new home.

When considering the size of your down payment, consider that you’ll also need money for moving expenses, legal fees and possibly for decorating or new furniture. If you have an older mobile home that you are considering for trade in, you might even have enough equity in your current home, to cover your down payment entirely. Contact us to find out how much you may or may not need, as a down payment for your new home investment, we’ll be happy to work it out for you.

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Fax: 1 902-835-1282

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514 Rocky Lake Drive,
Bedford,
Nova Scotia B4A 2T6

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PLEASE NOTE: The health and welfare of all our customers and staff remains our top priority, and we are being diligent with our sanitization protocols.  We are taking actions to limit contact with the public, while still being there for you, our customers. With this in mind, our office is closed to walk-ins, but operating on an appointment only basis. We ask that you arrive to your pre-booked appointment wearing a mask. Masks are mandatory for staff and clients during the entirety of the visit. We offer masks & gloves at our office. Plexiglass barriers have also been installed at all of the desks.  As always, if you or someone in your household is feeling unwell and/or showing symptoms of COVID-19, we ask that you refrain from in-person appointments.   Please contact one of our Professional Home Consultants to schedule an in-person meeting. If you prefer, we do also offer virtual services for meetings, home showings and closings. All new inquiries are to be made via our office phone voicemail system (902)835-8388 or by email:   We are continuing to monitor the COVID-19 situation as it unfolds, and are working on contingencies that will ensure that our clients may continue to be served during these uncertain times.   We thank you for your understanding and we hope you stay safe & healthy. We will get through this together!   Note: This information is current as of June 29th, 2021. 
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