MORTGAGE RATES

​Mortgage rates are subject to changes without notice and are available on approved credit. Fixed mortgage rates are compounded semi-annually, not in advance; variable mortgage rates are compounded monthly, not in advance. Mortgage rates are based on a 25 year amortization. Terms and conditions may apply. Mortgage funds must be advanced within 120 days of the application date. These rates are discounted and cannot be combined with any other rate discounts, promotions or offers. Additional fees may apply.

The annual percentage rate (APR) calculation is based on a $300,000 mortgage with a 25-year amortization, for the applicable term, assuming a $300 processing fee. The processing fee includes costs associated with determining the property value and processing the application. If the only cost of borrowing is interest, the APR and interest rate will be the same. This example is for illustrative purposes only. The actual APR may differ depending on your mortgage amount, term, amortization, and applicable fees. Additional fees may apply.

This mortgage rate is only available to members with greater than 20% down payment, purchasing a residential, owner occupied property valued at under $1,000,000, and who meet other conditions. A premium may be applied to the rates for all other mortgages. Please visit a branch or call us for further details.

This insured mortgage rate is only available to members with less than 20% down payment, purchasing a residential property valued at under $1,500,000, who are eligible for and purchase mortgage default insurance and meet other conditions. Mortgage default loan insurance is required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against mortgage default, and enables consumers to purchase homes with a minimum down payment. The premium is calculated based on a percentage of the amount borrowed. Your premium can be paid upfront in a single lump sum payment, or it can be added to the total balance of your mortgage and included in your monthly payments – in this case, interest will apply to the premium as well. The minimum down payment requirement for mortgage default insurance depends on the purchase price of the home. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. Mortgage default insurance is available only for properties with a purchase price or as-improved/renovated value below $1,500,000.