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
5.60%
2 year closed
5.45%
3 year closed
5.55%
5 year closed
5.65%
1 year open
8.00%
Second Mortgage
1 year closed
6.60%
2 year closed
7.30%
3 year closed
7.50%
5 year closed
7.70%
I year open
9.00%