Skip to main content
Select Image


Mortgages

Buying your first home or renovating a new or current home is an exciting journey. We’re here to keep it that way!

 

Find the right mortgage option for you

If you have 20% saved for your down payment

___

Our Conventional CreditMaster® Mortgage  might be right for you.

If you have a minimum 15% down payment

___

Our High Ratio Uninsured Mortgage might be right for you.

If you have a minimum 5% down payment

___

Our High Ratio CMHC Insured Mortgage might be right for you.

If you want to live in a co-op or purchase shares in a cooperative

___

Our Co-op Home Loan might be right for you.

If you want to purchase and live in a mobile home

___

Our Mobile Home Loan might be right for you. 

 

Why choose a GVC Credit Union mortgage? 

Faster approvals

No more waiting around. We make decisions locally, so approvals have a quicker turnaround time. 

Pre-approved rates

Lock in one of our competitive rates. Get your mortgage pre-approved with the best rates we have to offer.

Flexibility at your fingertips

Choose a fixed, open or variable mortgage rate with flexible payment options.

Different term lengths to choose from

Take advantage of customizable term lengths as short as 1 year and as long as 7 years.

Pre-payment available

Want to get ahead of your payments? At any time, you can prepay up to 20% of your original mortgage balance per year.

Readvanceable options for your future

Re-borrow any principal you’ve paid down and reinvest it in any future goals without paying extra legal fees.
 

Learn how to benefit from our mortgage options

Conventional CreditMaster® Mortgage

Overview

Designed for those with 20% saved for their down payment. 

Key features
  • Available with minimum of 20% down payment 
  • Segment your mortgage into various loan types (i.e. fixed rate mortgage and line of credit) 
  • Customize your mortgage to any length and type of mortgage offered by GVC 
  • Flexible terms and repayment options available to help pay down your mortgage faster 
  • Annual pre-payment privilege of 10% on the mortgage anniversary date 
  • Readvance on your mortgage* as your financial needs change, without having to pay a new set of legal fees 

High Ratio Uninsured Mortgage

Overview

Designed for those with a minimum 15% down payment. 

Key features
  • Financing up to 85%* of the home’s value 
  • Flexible terms and repayment options available to help pay down your mortgage faster 

High Ratio CMHC Insured Mortgage

Overview

Designed for those with a minimum 5% down payment. 

Key features
  • Financing up to 95%* of the home’s value 
  • Flexible terms and repayment options available 
  • Requires mandatory CMHC mortgage insurance 

Co-op Home Loan

Overview

Designed for those who want to live in a co-op and need to purchase shares in the cooperative.

Key features
  • Financing up to 75%* of the home’s value 
  • Similar to a mortgage with payment amortization up to 25 years
  • Flexible terms and repayment options available 
  • Financing available for owner-occupied co-op units 

Mobile Home Loan

Overview

Designed for those who want to purchase and live in a mobile home. 

Key features
  • Financing up to 75%* of the home’s value depending on the age of mobile home
  • Available for purchase on own land, leased or rented pad
  • Payment amortization up to 10 years
  • Flexible terms and repayment options available 
 

Interested? Get in touch with us and we’ll get your application started.

Select Image
 
Select Icon

Mortgage calculator

How much can you borrow and what would your repayment schedule be like?

Select Icon

Mortgage rates

Check out the competitive mortgage rates we have to offer.

 
Select Image

Is it time to refinance your mortgage?

Looking for shorter term access to extra cash or want to take advantage of a lower rate? Let’s talk about your options.

Select Image

Opening a new business?

We’ve got you covered. We offer commercial mortgages, construction mortgages, and more.