
More people get approved for a mortgage with YNCU
Whether you’re buying, renewing, switching, or refinancing, YNCU helps you compare mortgage options with greater approval flexibility than the big banks.
3-year High Ratio Mortgage at 4.49%*
Move your payroll to YNCU and receive a 0.10%* discount.
Special mortgage offer
3-year High Ratio Mortgage at 4.49%*

5-year
3.80%*
Convertible variable
3-year
4.49%*
High-ratio fixed
Why getting a mortgage from YNCU makes more sense than big banks
SaveCompetitive mortgage rates
Competitive rates
At YNCU you can choose from fixed and variable mortgage options designed to fit different financial goals and preferences. Select terms may feature special rates or offers, giving you an opportunity to secure competitive financing based on your circumstances. Whether you value the payment stability of a fixed rate or the flexibility of a variable rate, we can help. Rates and special offers can change, so check the current options and applicable terms when you’re ready to borrow
SupportCalculators only tell part of the story
Mortgage calculators only tell part of the story
Online mortgage calculators help you compare rates and estimate payments, but they can’t account for every detail of your financial situation. A mortgage specialist can put the numbers into context and give you options based on your goals, whether you’re buying a home, renewing your mortgage or refinancing. Personalized guidance can give you an informed mortgage decision.
FlexibilityMore than one way to borrow
More than one way to borrow
Every borrowing situation is different, which is why having a range of options can make it easier to find an approach that fits your needs. You can choose from fixed, variable, convertible, open and closed mortgage options. Some options may also allow you to add funds for approved renovations. A mortgage specialist can walk you through the differences and help you understand which option best fits your plans.

Lower everyday banking costs
The cat's meow. YNCU mortgages come with a free chequing account, helping you save on everyday banking fees while your mortgage is with us. It's a simple extra benefit: keep your mortgage and everyday banking connected, with one less monthly fee to think about. Get started today. Opening an account takes minutes.
Our special mortgage rates
See our current mortgage rates for conventional, high-ratio and variable mortgages. Compare available terms and find the option that fits your plans. View all of our mortgage rates here.
| Features | Conventional mortgage | High-ratio fixed mortgage |
|---|---|---|
| 1 Year | 5.99% | 5.99% |
| 2 Years | 5.99% | 5.99% |
| 3 Years | 4.69% | 4.49% |
| 4 Years | 4.79 | 4.59% |
| 5 Years | 4.99% | 4.79% |
| 5 Year closed variable | N/A | 3.80% |
*Terms and conditions apply. Subject to approved credit. Alternate rates available. Rates subject to change at any time without notice. Contact YNCU for details.
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Mortgage calculators to plan your next move
Estimate how much home you can afford or calculate your mortgage payments before you buy. Pick a calculator and run the numbers.
Where are you in your home ownership journey?
Buying your first home
Learn more about Buying your first homeGet clear on your down payment, closing costs, mortgage insurance, and what a realistic payment could look like.
Buying your next home
Learn more about Buying your next homeCompare rates, estimate your payment, and understand what changes when you are moving from one home to another.
Renewing your mortgage
Learn more about Renewing your mortgageYour renewal offer is worth comparing before you sign. Connect with one of our mortgage advisors to find the best path forward.
Switching your mortgage
Already have a mortgage somewhere else? We can help you look at the rate, term, timing, and whether switching makes sense.
Refinancing or using home equity
Learn more about Refinancing or using home equityUse available home equity for renovations, debt consolidation, or another financial goal. We’ll help you compare the benefit today.
Get the YNCU app and begin everyday chequing
Start your YNCU membership and open your account online.
Don’t forget to download the mobile banking app.

How to get a mortgage with YNCU
A mortgage can feel like a lot at first. We’ll help make the next step clear.
Become a member
Step 1
Open your YNCU membership online in minutes and get access to member rates and offers.
Apply for your mortgage
Step 2
Tell us what you’re planning — buying, renewing, switching, or refinancing.
Review your options
Step 3
We’ll walk through the rate, payment, term, and mortgage type that may fit your plans.
Know what you’re signing
Step 4
Before anything is finalized, we’ll help you understand the key details, costs, and next steps.
How much do I need for a down payment?
Commonly asked questions
YNCU offers fixed and variable mortgage rates. Current specials include high-ratio fixed mortgage rates, conventional fixed mortgage rates, and a 5-year closed variable mortgage rate. Rates are subject to change and approval.
A fixed-rate mortgage keeps the same rate for the term. A variable-rate mortgage can change when prime changes.
A high-ratio mortgage usually applies when your down payment is less than 20% of the purchase price. Mortgage default insurance is required.
A conventional mortgage usually applies when you have at least 20% down payment or enough equity in the property.
A convertible variable mortgage starts with a variable rate and gives you the option to convert to a fixed-rate mortgage later in your term, subject to product terms.
A Purchase Plus Improvements mortgage can let eligible buyers combine approved renovation costs with their mortgage when buying a home.
Yes. If your mortgage is coming up for renewal or you are reviewing your options, YNCU can help you compare your current offer with available YNCU options.
YNCU mortgages come with a free chequing account, helping you save on everyday banking fees while your mortgage is with YNCU.
Stories and articles on borrowing



August 3, 2026 | Rana Simpson | 6 min Read
Student financial aid in Canada: Grants, loans and tips
1 The YNCU New Client Payroll Offer (the “Offer”) is available to new Clients who(se): (a) Client Number was created between May 1, 2024 and October 31, 2026; (b) open a YNCU Chequing Account as the Primary Account Holder within 60 days of the date their Client Number was created; and (c) set up payroll direct deposits within 60 days of the date their Chequing Account was opened. A cash Bonus of $250 will be paid to the new Client’s YNCU Chequing Account if the Client switches their eligible automated and recurring payroll direct deposits to their new YNCU Chequing Account, provided that: (i) they deposit the full amount of their payroll direct deposits; (ii) payroll direct deposits total a minimum of $200 on a monthly basis; (iii) the first eligible payroll direct deposit is received in their Account within 60 days of successfully opening the Chequing Account; and (iv) their subsequent eligible payroll direct deposits continue for at least 2 consecutive months. The Bonus will be paid to the Client’s YNCU Chequing Account in the subsequent month following the satisfaction of the Offer conditions. Offer can’t be combined with any other Chequing cash bonus Offers and is limited to one (1) Bonus per Client. By accepting any Offer, you agree to the terms and conditions of this Offer. Full Offer Terms and Conditions, including definitions of any capitalized terms, are available here. Offer may be changed, extended or cancelled without notice.
† Savings Account, Chequing Account, and GIC interest rates expressed on this website are annual interest rates and are current as of today's date. Interest rates are subject to change without notice. Interest is calculated daily and paid monthly on our Savings and Chequing Accounts. GIC terms of one year or longer have interest calculated on the basis of 365/366 days and compounded and/or paid annually. GIC terms of less than one year have interest calculated on the basis of 365/366 and paid at maturity.
6 YNCU will waive the ABM Withdrawal Fee and Global ATM Alliance members will waive any surcharge fees for withdrawal transactions performed at a Scotiabank or Global ATM Alliance machine with your YNCU Client Card. Some exclusions apply; see our Fee Schedule for details. The current Fee Schedule can be found at yncu.ca/feeschedule.
*Trademark of Visa International Service Association and used under license
‡Pay no fees for everyday Chequing transactions. For non-standard transactions, a fee may apply.
7Full terms and conditions are outlined in the Account Terms and Client Card Cardholder Agreement available to you on our website at yncu.ca.
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3 Some conditions may apply. Service is subject to availability and successful digital verification.
4 As of Mar 10, 2026 there were 49.9K reviews with an average rating of 4.5 from the Google Play Store and 77K reviews with an average rating of 4.7 from the App Store.
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