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
Mortgage calculator
How much can you borrow and what would your repayment schedule be like?
Mortgage rates
Check out the competitive mortgage rates we have to offer.
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.
Opening a new business?
We’ve got you covered. We offer commercial mortgages, construction mortgages, and more.
By Email
By Phone
In PersonEmpowering people along
their financial journey.
Copyright © 2024 Greater Vancouver Community. All rights reserved.
Your money is 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).