High ratio mortgage
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
|5-Year Fixed Rate Closed High Ratio||4.49%||Apply online|
|5-Year Variable Rate Closed High Ratio||6.25%||Apply online|
When you get a high ratio mortgage you also need to get mortgage default insurance.
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.
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.
Choose from weekly, bi-weekly, monthly, bi-monthly, or accelerated weekly or bi-weekly payment plans - whatever works for you.
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.
Payment Protection Legal Disclaimer
Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.
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.
Variable rate mortgages
With a rate that goes up or down depending on the market, you could save on interest.
Build from scratch or improve a fixer-upper with options designed for construction and renovation.