Canada Mortgage and Housing Corporation (CMHC) Mortgage
A residential mortgage with a flexible down payment - between 5% and 20%.

Who Might Use this Product?

Consumer members with less than 20% down payment and looking for a competitive mortgage rate.

Cost Savings and Member Benefit

  • Acquire a home with as little as 5% down
  • Competitive interest rates - fixed or variable
  • Free mortgage renewals
  • 10% annual pre-payment option
  • Members are eligible for cash rebates through our Patronage Program

Convenient and Flexible

Multiple re-payment 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

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

Information about your Mortgage

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

  • In-branch assistance - 5 days a week
  • Immediate access via Online Banking or Mobile App
  • Monthly detailed statements including e-statements

Good to Know

  • CMHC approval is required
  • CMHC premiums apply and can be added to the mortgage


Open? Fixed? Variable? Not sure what this all means? Buying a home is an important decision, and we want you to have all the facts! Read our Mortgage Disclosure to understand the basics and the options you have when choosing a mortgage that is right for you.


We offer Life, Disability, Loss of Employment, and Critical Illness insurance as payment protection options on mortgages. Our Account Managers can help you choose the options that are right for you.
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