We've merged effective January 1, 2020 and while this website may still bear the name and logo of Westminster Savings Credit Union, we are in the process of revising all print and digital materials to bear the name of the new legal entity - Prospera Credit Union. We appreciate your patience during this transitional period.

High Ratio Mortgage

High Ratio Mortgage

High ratio mortgage options are ideal for customers who cannot make a 20% down payment, or for customers who wish to borrow against the equity in their homes to do renovations.

Apply online

visit a branch near you or call 604-517-0100 to get started today.

A High-Ratio Mortgage gives you home-buying options even without a large down-payment.

Mortgage Features

  • Down payments as low as 5% reduces initial cash outlay
  • Down payment may come from various sources under the Flex Down program
  • Weekly, accelerated bi-weekly and monthly borrowing schedules
  • Double up payments on any payment due date
  • 20% of original balance can be deposited with no penalty on each anniversary date
  • Interest rate is fixed during the course of the term
  • Is assumable and portable
  • 90-day rate guarantee available

Term & Conditions

  • Applicants must purchase default insurance through CMHC or GE Capital. Insurance companies offer a wide range of programs covering refinances and multi-unit purchases.

We always give you our best rate.

Westminster Savings doesn't make you guess or negotiate a mortgage rate: we always give you our best rate. See our mortgage interest rates online.

 
Get a $500 gift

Ask our Mortgage Specialists how you can get a bonus $500 gift card with our Smart Move program.

Learn more...

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Current Rates

First Mortgages

Variable Rate

2.40%

5 Year Variable
Special Insured

2.15%

6 Month Open

7.25%

1 Year Open

6.35%

1 Year Fixed

2.59%

2 Year Fixed

2.59%

3 Year Fixed

2.59%

4 Year Fixed

2.59%

5 Year Fixed

2.59%

5 Year Fixed
Special Insured

2.34%

5 Year Great Rate

2.59%

7 Year Fixed

3.20%

10 Year Fixed

3.59%

Second Mortgages

1 Year Fixed

3.59%

2 Year Fixed

3.59%

3 Year Fixed

3.59%