Apply for a loan to buy or build your home

The Yukon Home Ownership Loan Program supports eligible Yukoners to help with buying or building a home.

Who's eligible

• You must be a Yukon resident for at least 90 days.
• You're building or buying a home for your primary residence in the Yukon.
• You fall within Yukon Housing Corporation’s debt-to-loan ratios.
• A bank declined your buy or build application.
• You'll need a 2.5 per cent down payment and closing costs.
• You can build or buy a new home on titled (fee simple) lots or First Nations land, depending upon your arrangements with Yukon First Nations.

For build loans

Approved applicants have up to 2 years to complete construction.

Purchases completed or builds undertaken before approval

If you make a purchase or start a build before we approve your loan it may not be eligible for funding.

Loan financing

• Amortization period of up to 30 years in 5-year terms.
• Interest-only payments during the construction period (for build loans).
• Interest rate is 1 per cent below the average posted 5-year mortgage rate at the major banks.

When to apply

1st intake

Applications open from: April 17, 2023

Deadline for applications: May 19, 2023, at 4:30 pm

2nd intake

Applications open from: July 04, 2023

Deadline for applications: September 05, 2023, at 4:30 pm

How to apply

1. Check the deadline for submitting your application.
2. Download and complete the home ownership program application form.
3. Complete the verification of employment form, if applicable.
4. Submit the completed and signed application and any required supporting documentation.
   In person:
   410 Jarvis Street, Whitehorse, Yukon. Our hours are Monday to Friday from 8:30 am to 4:30 pm.
   Email:
   [email protected]
   Mail:
   Government of Yukon
   Yukon Housing Corporation
   Box 2703 (Y-1)
   Whitehorse, Yukon Y1A 2C6

Get a rebate on energy efficient upgrades

We offer Good Energy rebates on renovations and upgrades that make your buy or new build home more energy efficient. You can combine rebates with the Yukon Housing Corporation’s Home Ownership Loan Program.