High Ratio Mortgages

A high-ratio mortgage from PCU can help you buy a home with just 5% down versus the 20% down payment required for traditional mortgages.  Flexible payments allow you to pay weekly, bi-weekly or monthly and you have the option of paying down 20% of the principal each year.  You can even use the RRSP Home Buyer’s Plan to fund the down payment.  PCU is your path to home ownership now.

The PCU High Ratio Mortgage Includes:

•PCU-setting rates! Our low mortgage rates are hard to beat.

•Approved CMHC and GE Capital Lender, up to 95% of appraised value

•Fast PCU applications! Get pre-approved before you buy!

•Option to pay down 20% of the original principal annually.

•The ultimate in flexible payments: weekly, bi-weekly or monthly - tied to your paydays!

The minimum down payment for new mortgages has been modified.

•For homes with a purchase price less than or equal to $500,000 the minimum down payment is 5%

•    For homes with a purchase price greater than $500,000 and less than $1 million, the minimum down payment is 5% of the first $500,000 plus 10% of the remaining balance

•For homes with a purchase price of $1 million or more, the minimum down payment is 20%

Learn more about our PCU mortgage rates.

Or check out PCUs Equity Line of Credit: a preferred-rate of line of cred that is secured by the value of your home so you can boost your home’s value by renovating.