Apply for a mortgage to buy your first home

The First Mortgage Program is for Yukon residents who have not previously owned a home and are unable to get a mortgage from a bank. The mortgages are available Yukon-wide on fee simple land.


  • You are a first-time home buyer and the house already exists.
  • Proof that you aren't eligible to get a loan from a bank.
  • You must fall within our debt-to-loan ratios.
  • The home must be used as your primary residence.
  • You will need a 2.5% down payment.
  • The home you'd like to buy must meet our modest design guidelines.

Apply for a first time homeowner mortgage loan

  1. Complete the home ownership loan program application
  2. Complete the verification of employment form.
  3. Submit your forms and supporting documents.
    In person: 410 Jarvis Street, Whitehorse, Yukon. Our hours are Monday to Friday from 8:30 a.m. to 4:30 p.m.

Loan financing details

  • Amortize up to 30 years in 5 year terms.
  • Low interest rate at or below 1% the average posted rates. This is the posted 5-year average interest rate at major banks.
  • Opportunities to combine with the Home Repair and Rental and Secondary Suite programs.

For questions about applying for a mortgage to buy your first home email or phone: 867-667-5759 or toll free in Yukon: 1-800-661-0408, ext. 5759.