Casera Credit Union - Personal Mortgages

Competitive rates. Informed advice. Personalized service.

Are you buying a house for the first time, renewing your mortgage, or looking to refinance? Casera understands how important it is to provide you and your family with the most affordable mortgage package.

3 Year Fixed

Rate Mortgage

5.49

5 Year Fixed

Rate Mortgage

5.49

Variable Prime

Rate Mortgage

6.70

* Rates are subject to change. Current as of March 21, 2023

See all rates

Choice & Flexibility

Choose variable or fixed interest rates with terms from six to 60 months. Flexible payments include weekly, bi-weekly, monthly or semi-monthly.

Portability

Transfer the balance of your existing Casera mortgage (with current interest rate) to your new home's mortgage for a blended interest rate.

Free transfers

Transfer your existing mortgages to Casera at no charge from most Canadian financial institutions.

Assumability

All deposits are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.

Pre-approval

Secure a guaranteed interest rate with a pre-approved mortgage for 90 days, then start house-hunting with a solid negotiating tool in your pocket.

Peace of mind

Low-cost mortgage protection insurance can cover the balance of your mortgage in case of death, disability, loss of employment or critical illness.

Book an appointment with a Casera Mortgage Specialist

Your goals are our goals, and together we’ll achieve them. Book a meeting at your preferred Casera branch to discuss your mortgage needs.

Book Now

First and second conventional mortgages require a down payments of at least 20%, allowing for loans up to 80% of a home's appraised value. Maximum amortization is 30 years.

First home mortgages, also called high ratio insured mortgages, are designed for first-time buyers and require 5% down payments. Purchasers can borrow up to 95% of a home's value. Canada Mortgage and Housing Corporation (CMHC) or Genworth Canada insures the mortgages. Amortization is 25 years.

Builder mortgages assist with building new homes. These mortgages are available on a conventional basis or through CMHC or Genworth Canada. Based on contractor quotes, funds are advanced in stages throughout the building process.

An interim financing loan provides a new home purchaser with funds to close a deal before receiving funds from the sale of their existing home. Terms are generally three months. Upon maturity, the outstanding principal and interest are payable in full.

When it comes time to make an offer on a new home, a Casera pre-approved mortgage can be an advantage. Pre-approval provides an affordable price range based on a qualified mortgage. It can also be a determining factor in negotiations because the seller knows the purchaser's ability to obtain mortgage financing is secure.

Casera guarantees interest rates on pre-approved mortgages for 90 days, provided possession is within that period.

View our Standard Charge Mortgage Terms.

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