Building a Home

Building a dream home, a cabin in the woods or just a place to stick your in-laws? If you can survive the build, we can help you survive the paperwork and get you the funding you need. Framing, not so much.

Insured Construction Mortgages 

Financing up to 95% of the appraised value of the home, both CMHC and Genworth Financial offer Contractor and Self-Built Construction Programs. See your Northern branch for terms, conditions and fee structure.

Contractor-Built Home Mortgages 

This is the most preferable option, as it involves one contractor managing the entire build.

Self-Built Home Mortgages 

This type of Construction Mortgage is the most challenging, because it requires you to prove that you have experience managing a successful build. If approved, you would be responsible for hiring sub-contractors and submitting all project invoices to the lender.

We strongly recommend that you purchase Life and Disability Insurance coverage when making a home purchase to protect you and your family.


Call 1-866-413-7071 Find a Branch Make Appointment


*Mortgages approved and committed to must be advanced within 45 days of date of application in order to qualify for the Special Rate Offer. Offer may be changed, withdrawn, or extended at any time, without notice. Applicable to residential mortgages only and subject to Northern Credit Union lending criteria for residential properties. Conditions may apply. Rates are subject to change at any time without notice.