Jump to Main Content

Get a great mortgage with a down payment of less than 20%

With a high ratio mortgage, you can buy a home even if you don’t have 20% to put down. It’s a great option for first-time buyers. Choose
from a fixed or variable rate.

Our rates and terms

Term Rate Get started
5-Year Fixed Rate Closed High Ratio 2.20%1 Apply online
5-Year Variable Rate Closed High Ratio 1.60%1 Apply online

When you get a high ratio mortgage you also need to get
mortgage default insurance. Learn more

Get personalized advice

Our Mortgage Specialists can tell you more about how to get a mortgage and give you expert advice on becoming a home owner.

Want to do the math?

Find out how much mortgage you can afford or figure out your mortgage payment with our helpful calculators.

Meridian mortgage perks

Be mortgage-free sooner

We call it 20/20 prepayment. Pay off up to 20% more of your mortgage each year through a combination of prepaying more of your original principal balance and increasing your original mortgage payment.

Skip a payment

Life happens. Breathe easier knowing that you can skip one month’s mortgage payment once every 12 months with no penalty.

Flexible schedules

Choose from weekly, bi-weekly, monthly, bi-monthly, or accelerated weekly or bi-weekly payment plans - whatever works for you.

Mortgage protection

Take advantage of CUMIS Group Mortgage Protection (GMP) - a monthly premium that helps safeguard your home in case of financial hardships as a result of conditions such as death, disability or critical illness.


Apply online in 3 easy steps


1. Create your profile.

Generally, we’ll hold any of our advertised rates for you for 90 days unless otherwise stated. No questions asked and no further commitment.

application documents

2. Submit your application.

Then, we’ll provide you with your free credit score and send you a list of any other documents we need from you to complete your application.

signed document

3. Get approved.

Once your application is complete we’ll send you a final approval within a few business days.

Looking for something else?

Fixed rate mortgages

Lock in a great rate and enjoy interest and payments that stay the same even if the market shifts.

Learn more

Variable rate mortgages

With a rate that goes up or down depending on the market, you could save on interest.

Learn more

Construction mortgages

Build from scratch or improve a fixer-upper with options designed for construction and renovation.

Learn more

Let's talk about your mortgage

Whether you’re getting your first mortgage, renewing, switching or refinancing, we can help. Feeling good about your mortgage can start with a conversation. Get in touch or arrange for one of our Mortgage Specialists to come to you. It’s easy.