Enjoy an exclusive rate and personal advice that makes buying a home or renewing a mortgage simple and stress-free. We’re here to turn your mortgage goals into reality.
Split your mortgage into different terms and rates to match short- and long-term plans.
Easy Access to Equity
As you pay down your mortgage and your home’s value grows, re-borrow from your equity without extra legal fees—ideal for upgrades or big plans.
One Setup. Many Options
With a single registration, manage multiple loan options—like a line of credit or renovation loan—under one mortgage for future convenience.
Renew Early
Renew your mortgage up to 60 days before maturity—without penalty.
Lock In Your Rate
Secure your interest rate up to 60 days in advance.*
Flexible Amortization
Choose an affordable amortization period—up to 30 years.
Prepay Up to 30%
Make additional payments of up to 30% of your original mortgage balance each year, whenever it works for you.
Skip a Payment
Life happens—enjoy the flexibility to skip one mortgage payment every year.
Increase Monthly Payments
Pay down your mortgage faster by doubling your monthly payments.
Innovative mortgage solutions for accessible homeownership
High Net Worth Mortgages
Tailored for financially strong Canadian residents, this program offers flexible financing for primary residences, vacation homes, and select rental properties in BC. Ideal for residents that demonstrate substantial liquidity and net worth, with verified assets covering at least 50% of the mortgage and one year of payments deposited with Community Savings Credit Union prior to funding.
Business Owners and Self Employed
Empowering entrepreneurs and self-employed professionals, this program offers flexible financing for primary residences, vacation homes, and select rental properties in BC. Ideal for people who have operated their business for at least two years and can provide basic financial documentation, including recent bank statements and tax confirmations. A minimum down payment is required, and gifted funds from immediate family are permitted. This mortgage is designed for Canadian residents and landed immigrants, ensuring stability and confidence for those whose income comes from their own business success.
New to Canada Mortgages
Starting fresh in Canada? We’re here to help you own your first home. This program is designed for permanent residents (less than five years in Canada) or Canadian citizens returning within the past year. Applicants require a confirmed job or employment offer and basic proof of residency. A minimum down payment of 25% is required, and gifted funds from immediate family are permitted. With flexible options and straightforward requirements, this program makes homeownership possible for newcomers ready to build their future in Canada.
First Time Home Buyer?
Your first home is closer than you think! Get into the housing market with as little as 5% down.
We believe in providing the working community with a fair opportunity
at a better life by empowering them with banking products and
investments that are always in their best interest. Community Savings
Credit Union is committed to financially empowering its members and
BC’s communities by providing best-in-class personal and business
banking while supporting economic inclusivity. A fully unionized
credit union – and the largest provider of banking services in BC to
labour unions – Community Savings also has a strong history of
advocating for the working community to create a better BC for all.
Community Savings is a designated Living Wage Employer and an active
partner of the Union Protein Project.
*To qualify for this special offer rate you must: Open or already have an Premium chequing account. Set up a direct deposit from your employer or other income provider. Read full Terms and Conditions below.
*Terms and
Conditions
+
Terms & Conditions
This mortgage promotional rate offer (an “Offer”) is available for new and renewing mortgages at Community Savings Credit Union (“CSCU”).
This Offer is only available where:
the mortgage loan-to-value ratio no greater than 75%;
the amortization period for the mortgage is 25 years or less;
the Member meets all CSCU lending criteria as in place from time to time.
Rental properties are not eligible for this Offer.
These rates and offer are subject to change or may be withdrawn or extended at any time without notice.
Within sixty (60 days), and at all times thereafter, Members must satisfy all of the following criteria to receive this promotional rate offer:
Members must either open or already have a CSCU Premium Chequing (an “Account”). Preauthorized mortgage payments must originate from the Account.
Members must set up and receive the full amount of their automated, recurring direct payroll deposit or eligible Government credit to the Account. Payroll deposits must not be split between multiple accounts or Financial Institutions. CSCU reserves the right to determine what is considered payroll deposit and whether any payroll deposit has been split.
Members must have at least one (1) of the additional products with CSCU:
Term Deposit ≥$1,000;
Registered Plan ≥$1,000;
Mutual Funds ≥$1,000;
Active Collabria Visa;
Line of Credit;
Mortgage Insurance; or
LOC Insurance.
Registered Line of Credit (RLOC) or RRSP Loan
Members must complete at least five (5) everyday banking transactions per month through the Account.
If the Member fails to meet any of the criteria in these Terms and Conditions, CSCU may, at is sole discretion, and without notice, change the Members mortgage rate to the rate documented in the Residential Term Loan Agreement, . CSCU may advise a Member that they are not in compliance with these Terms and Conditions and allow for a rectification period for the Member to come into compliance, however, any grace period shall not be deemed as a waiver of rights on behalf of CSCU.
