Apply for a loan for a down payment on your first home

The Down Payment Assistance Program provides Yukoners who are first-time homeowners and who are bank mortgage approved, to borrow up to 5% to purchase an existing home at or under the current average real estate price. It is available Yukon-wide on fee simple land.

Eligibility

  • You are a first-time homeowner.
  • Home must be for your primary residence only.
  • You are eligible for bank financing but have not accumulated a sufficient down payment.
  • You must save 2.5% of a down payment. You may receive a loan of 5% of the purchase price.
  • Your household income can't exceed the median income threshold as set by Statistics Canada.
  • The home you'd like to buy must meet our modest design guidelines.

Apply to the Down Payment Assistance Program

  1. Complete the Down Payment Assistance Program application.
  2. Submit your application.
    In person: 410 Jarvis Street, Whitehorse, Yukon. Our hours are Monday to Friday from 8:30 a.m. to 5:00 p.m.
    Email: ykhouse@gov.yk.ca

Loan financing details

  • Amortize up to 15 years in 5 year terms.
  • Interest rate 2.8% below the average posted rates with a minimum interest rate of 2%. The average posted rate is the 5 year average interest rate at major banks.
Contact: 

For questions about applying for a loan for a down payment on your first home email ykhouse@gov.yk.ca or phone: 867-667-5759 or toll free in Yukon: 1-800-661-0408, ext. 5759.