Mortgages

Explore WFCU’s comprehensive portfolio of mortgage products, with fixed and variable options and terms to suit your financial needs. Whether your first or second mortgage, WFCU has the best rates and guidance to Demystify Your Mortgage and set you up for financial success. Listed below are our current rates from terms ranging from 6 months to 7 years, as well as our Mortgage Special, available on 5 year fixed term mortgages.

Core Mortgage Special 2.18%

Suitable for those purchasing a home.

Features:
  • Fixed rate mortgage
  • 25-year amortization
  • Insured (CMHC or Genworth)
  • 10/10 repayment features
  • No double payment options
  • Not available on refinance or renewal
*The Annual Percentage Rate (APR) of 2.18% is for a closed, fixed, five-year term mortgage with a 25-year amortization. APR assumes no fee(s) apply. Rate is only available to members for purchase of an owner-occupied property, with less than 20% down payment, who are eligible for and purchase mortgage default insurance and meet other conditions. Rates subject to change without notice. Terms and conditions apply.

Fixed Rate Mortgages

Fixed rates from six months up to seven years.

  • Get pre-approved online, over the telephone, or in our retail locations with our mortgage specialists.

  • Interest rate guaranteed for 90 days when purchasing and for 120 for home construction mortgages.

  • Convenient payment options based on your needs - weekly, biweekly or monthly - let us show you how you can save thousands of dollars on your mortgage with weekly payments.

  • Generous 20:20 prepayment privileges to help you pay down your mortgage faster.
    - Prepay up to 20% of the original mortgage balance on the anniversary date.
    - Increase your payment amount by up to 20% each year on the anniversary date.
    - Double up the regular scheduled payment amount.

  • When you sell your home, generous options are available.
    - Take your mortgage rate and term to your new property.
    - The buyer can assume your existing mortgage rate and term.

  • Second Mortgages at First Mortgage interest rates, with sufficient equity.

  • To protect your family should something happen to you, gain peace of mind with optional group mortgage protection life insurance coverage, critical illness or loss of employment insurance coverage.

Mortgage elsewhere? Transfer it to us, and we'll pay the legal and appraisal fees associated with the mortgage.


MortgagePlus - Turn Your New House Into Your Dream Home!

MortgagePlus Logo

The house you buy may not always be the home you envisioned, but with your vision and MortgagePlus*, we can make your new house your dream home.  

With MortgagePlus from WFCU Credit Union, you can borrow more than the home purchase price; for a new kitchen, a new bathroom, or a new backyard oasis! And, MortgagePlus is offered at the same rate as our traditional 5-year term mortgage. Why get a secondary loan when you can turn your new house into a dream home with MortgagePlus!

MortgagePlus from WFCU Credit Union gives you the opportunity to do renovations now, increasing the value and overall appeal of your home.

To learn more about MortgagePlus, call 519-974-WFCU today.


*Terms and conditions apply.


Cashback Mortgages

Get cashback to help pay for things like furniture, renovations, a vacation, etc.
  • Get 3% cashback on a 3 year fixed term, 4% on a 4 year fixed term or 5% on a 5 or 7 year fixed term.

  • Minimum $80,000 new mortgage to be eligible for cashback.

  • Maximum cashback amount is $7,500.

  • Low cashback mortgage rates.

  • Get pre-approved online, over the telephone, or in our retail locations with our mortgage specialists.

  • Interest rate guaranteed for 90 days when purchasing and for 120 for home construction mortgages.

  • Convenient payment options based on your needs - weekly, biweekly or monthly - let us show you how you can save thousands of dollars on your mortgage with weekly payments.

  • Generous 20:20 prepayment privileges to help you pay down your mortgage faster.
    - Prepay up to 20% of the original mortgage balance on the anniversary date.
    - Increase your payment amount by up to 20% each year on the anniversary date.
    - Double up the regular scheduled payment amount.

  • When you sell your home, generous options are available.
    - Take your mortgage rate and term to your new property.
    - The buyer can assume your existing mortgage rate and term.

  • To protect your family should something happen to you gain peace of mind with optional group mortgage protection life insurance coverage, critical illness or loss of employment insurance coverage.


Same Day Mortgage Approvals

Need a mortgage and want it fast? Don't wait days or even weeks - WFCU Credit Union offers Same Day Mortgage Approvals!* In today's real estate market, you need answers quickly. WFCU Credit Union leads the way in outstanding member service with Same Day Mortgage Approvals!* Visit one of our conveniently located retail locations to get your Same Day Mortgage Approval*, today!

*All mortgage applicants must meet WFCU Credit Union lending criteria. Subject to credit approval. Some restrictions apply. Where a member is eligible for a same day mortgage approval, we will try to give a decision the same day, if not, the decision will normally be given within 24 hours. There is no guarantee of the mortgage amount you will be approved for, if any. The time between mortgage approval and transfer of funds may vary.

 

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