Less than 20% Down Payment Mortgages

Borrow up to 95% of your home’s purchase price

A lower down payment or “high ratio mortgage” is a loan greater than 80% (to a maximum of 95%) of the appraised home value . This type of mortgage loan must be insured through Sagen Financial.

The credit union offers first mortgages in this category that are either open or closed with terms from 1-5 years.

Residential Mortgages

Type
Term
Rate
First Mortgage
1 year closed
6.25%
2 year closed
5.85%
3 year closed
5.80%
5 year closed
5.75%
1 year open
9.00%
Second Mortgage
1 year closed
7.25%
2 year closed
6.85%
3 year closed
6.80%
5 year closed
6.99%
I year open
10.00%