Conventional Mortgage

A residential conventional mortgage requires a minimum 20% down payment and allows flexibility for re-advancing addition funds when needed.

Who Might Use this Product?

Consumer members who are looking for a competitive rate for their mortgage, and who can make a minimum down payment of 20% of the purchase price. 


Cost Savings and Member Benefit Expand/Collapse

  • Competitive Interest Rates – fixed or variable
  • Free mortgage renewals
  • 10% annual prepayment option
  • Members are eligible for cash rebates through our Patronage Program

Convenient and Flexible Expand/Collapse

  • Local in house approval – usually within 48 hours
  • Pre-approval available
  • Multiple repayment options available including
    • Payment frequency of weekly, bi-weekly, semi-monthly or monthly
    • Amortization up to 25 years
    • Terms up to 5 years
    • Automatic transfers or self service payments

Peace of mind Expand/Collapse

  • Pre-approval options so you know what you can afford when looking for a home 
  • Loan Insurance Available (life and disability)
  • Cost of credit and any fees associated with the loan will be disclosed at the time of approval

Information about your Mortgage Expand/Collapse

You have many different ways to access your account information or history

  • In branch assistance - 6 days a week
  • Immediate access via online banking, telephone banking or mobile services
  • Monthly detailed statements including e-statements

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