Yukon Housing Corporation

Programs & Services

Loan Programs

First Mortgage Loan

Owner Build Loan

Down Payment Assistance Program 

Home Repair Loan

Rental Suite/Secondary Suite Loan


Yukon Housing Corporation's modest design guidelines


Please complete the Canada Mortgage and Housing Corporation's 
Homebuying Step by Step guide and workbook if you have applied for a loan.

You need to complete this workbook to receive a Yukon Housing Corporation loan to buy a house.


First Mortgage Loan

  • Financing for first-time homeowners to purchase an existing home
  • For primary residence only
  • 2.5% down payment
  • Interest rate at 1% below average posted rate*
  • Amortize up to 30 years in 5 year terms
  • Applicants must prove they cannot get a loan from a bank
  • Homes must meet YHC's modest design guidelines 

*posted 5-year average interest rate at major banks

Application:


Owner Build Loan

  • Financing for first-time homeowners to build a new home
  • For primary residence only
  • 2.5% down payment
  • Interest rates at 1% below average posted rate*
  • Amortize up to 30 years in 5 year terms
  • Applicants must prove that they cannot get a loan from a bank 
  • Homes must meet YHC's modest design guidelines
  • Interest only payments during construction
  • Can combine this loan with Rental/Secondary Suite Program

*posted 5-year average interest rate at major banks

Application:


Down Payment Assistance Loan 

  • For first time homebuyers who need a loan to help with a down payment on a new home
  • For primary residence only
  • Applicants must save 2.5% of down payment and may receive a loan of 5% the purchase price
  • Eligible for bank financing but have not accumulated a sufficient down payment
  • Eligibility capped at Statistics Canada median income
  • 2.8% below average posted interest rate*  ** 
  • Amortize up to 15 years in 5 year terms
  • Homes must meet YHC's modest design guidelines

*posted 5-year average interest rate at major banks

**with a minimum interest rate of 2%

Application:

  • Down Payment Assistance Program Application (English / French)

Home Repair Loan

  • Financing to address building components in need of repair, energy efficiency upgrades, overcrowding and accessibility issues.
  • Borrow up to $50,000
  • Interest rates of prime + 1%
  • Amortize over 15 years
  • Forgivable loan and subsidy program for eligible clients (max $30,000)
  • Properties on rented or leased land are eligible for up to $20,000 in financing
  • For primary residence

Application:


Rental Suite/Secondary Suite Loan

  • Financial assistance at a low interest rate to qualified Yukon landlords who have a rental living suite within their place of residence in need of repair, or to construct a new living suite where zoning allows
  • Borrow up to $35,000 per unit
  • Properties on rented or leased land are eligible for up to $20,000 in financing
  • Interest rates of prime + 1%
  • Amortize over 15 years

Application:

  • Rental Suite/Secondary Suite Loan Application (English / French)
  • Verification of Employment Form (English / French)

     

     

     

     

     

     

     

     

  • Contact Us

    Location:
    410 Jarvis Street
    Whitehorse YT
    Y1A 2H5 

    Mailing address:
    Yukon Housing Corporation
    Box 2703 (Y-1)
    Whitehorse, Yukon
    Y1A 2C6

    Phone: (867) 667-5759
    Toll-free (in Yukon): 1-800-661-0408 ext. 5759
    Fax: (867) 667-3664
    Email: ykhouse@gov.yk.ca