How to apply for a home purchase loan

UVic's home purchase loan supports eligible new faculty members and librarians in the purchase of a first home in Victoria by providing up to $50,000 for a five-year interest-free loan.

Eligibility

The home purchase loan program is available to:

  • New faculty members who hold regular, tenured or tenure track appointments at the rank of Assistant Professor, Associate Professor or Professor.
  • The program also applies to the following categories of new faculty and new librarians who hold regular appointments: Assistant Teaching Professors, Teaching Professors, Artists-in-Residence, Academic Administrators, and Librarians. 
  • This program does not apply to anyone with a limited term appointment.

Deadline

An Eligible Member must normally apply for the Home Loan no later than five years after the start date of their appointment. Requests to extend the eligibility period will be considered on a case-by-case basis. If the Member plans to purchase a residence prior to the effective date of their appointment, they may apply at any time after the appointment has been approved by the Vice-President Academic and Provost. 

 

About the program

Application to the program 

Please complete the below form and submit your completed form to:

The Office of the General Counsel
Vice-President Finance and Operations
University of Victoria
P.O. Box 1700 STN CSC
Victoria BC V8W 2Y2

Application form

Please direct applications and inquiries to:

Jamie Millin, Paralegal
Phone: 250-853-3549
Email: gcparalegal@uvic.ca