Skip to main content
Couple Holding Key to New House and Smiling



The path to home ownership is closer than you think

We offer competitive mortgage rates, including both variable and fixed rate options. Our variable-rate mortgages offer flexibility, with rates that change based on market conditions, potentially saving you money when interest rates are low. On the other hand, our fixed-rate mortgages provide stability, locking in your interest rate for the term of your mortgage, which makes budgeting easier.

We also offer flexible terms and something you can't buy - the time it takes and a friendly face to help you fully understand what you need. Plus, we'll cover the cost of the Encompass Home System Warranty Program for the first year.

Features of our mortgages

Blue Ribbon

30-day rate guarantee

Know that your pre-approved rate won't change while house hunting.

Hand Holding Dollar Bill

​​Prepayment options

Prepay up to 20% of your principal annually, without penalty.

Two arrows intertwined

Payment flexibility

Choose weekly, bi-weekly, monthly or accelerated payments.


Mortgage protection insurance

Protect yourself and your family with mortgage insurance at low rates.

Have you tried our mortgage calculator?

Check out our mortgage calculator to help find one that is right for you.

Select Image

There are two types of mortgages

At FirstOntario we understand everyone's mortgage needs are different. We realize some will qualify for a conventional mortgage where others will need a high ratio option.

Person Meeting with Mortgage Advisor to Discuss Conventional Mortgage

Conventional mortgages

A minimum down payment of 20% of the purchase price is needed to qualify for a conventional mortgage that does not require mortgage loan insurance.

Couple Smiling While Reviewing High Ratio Mortgage Documents

High ratio mortgages

If your down payment is less than 20% of the purchase price, a high ratio mortgage is available and is insured by a third party.

Our advisors can provide more details about this type of mortgage.

Our Member Solutions Team can help with mortgages over the phone

Select Image
  1. Annual Percentage Rate (APR). Rates are subject to change at any time. Conditions apply.
  2. Applications are subject to credit approval.
  3. Underwriting conditions apply.
  4. Must be a member of FirstOntario Credit Union.

Take a look at...

Home Equity Line of Credit

Use your home equity as security and lock in our lowest rates. 

Encompass Home System Warranty Program

Get protection against the expense of home repair costs.


Your retirement savings will grow tax-free with a Registered Retirement Savings Plan.