Access Credit Union
Manitoba credit union offering flexible mortgages with a 5% minimum down payment, 20% annual prepayment allowed on fixed‑term mortgages without penalty, a 120‑day rate guarantee, and a New‑to‑Canada option (details not provided on the page). It lends Manitoba.
Prepayment-penalty method
Standard penalty (about three months' interest)
Breaking early is penalized at roughly three months' interest, an open-style penalty that is generally on the lower, more predictable end.
See what breaking a mortgage early could costWho it tends to fit
- Self-employed and business-owner borrowers
- Newcomers to Canada building credit here
- Refinances and equity take-outs
- Construction and new-build financing
General signals only. Approval depends on the full application; a lender that fits on paper still has to say yes.
What you can do with it
- Buying a home
- Refinancing
- Renewal or switch
- Construction / new build
Features
- Prepayment privileges (pay extra without a penalty)
Rate types
- Fixed rates
- Variable rates
Where it lends
Manitoba
Good to know
- Membership required to borrow; Manitoba residents.
- Fixed terms cap penalty-free prepayment at 20% of the original balance per year; open variable terms have no prepayment penalty.
How to reach Access Credit Union
You deal with this lender directly, no broker required. This is educational information, not a rate quote; confirm current rates and terms directly.
Visit Access Credit UnionEducational summary; rates, terms, and approval are set by the lender.
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Educational information about Canadian mortgages, not financial or mortgage advice. This tool is offered by Jordan Avery, Mortgage Agent (Level 2), Licence M23999999 · Maple Key Mortgages Inc., FSRA Brokerage Licence 13999 and operated by LenderSearch; figures are estimates. Confirm all rates, terms, and eligibility directly with the lender before acting.