Community Savings Credit Union
BC credit union with dedicated self-employed, new-to-Canada and high-net-worth programs, requiring a 620 score (680 for its specialty streams). It lends British Columbia.
Prepayment-penalty method
Fair, contract-rate penalty
If you break a fixed term early, the penalty is calculated the borrower-friendly way, using your actual contract rate. This is usually far cheaper than a big bank's posted-rate method, and it is one of the biggest hidden costs most people never compare.
See what breaking a mortgage early could costWho it tends to fit
- Self-employed and business-owner borrowers
- Newcomers to Canada building credit here
- Buyers of rental or investment property
- 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
- Renewal or switch
- Refinancing
- Construction / new build
Features
- Assignment purchases (buying a pre-construction assignment)
- Private-sale purchases (no realtor)
- Portable (move your mortgage to a new home)
Rate types
- Fixed rates
- Variable rates
Where it lends
British Columbia
Good to know
- BC only; conventional/uninsured focus with an LTV sliding scale above $1.5M
- Prior foreclosures are declined and bankruptcy needs 2 years' discharge
How to reach Community Savings 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 Community Savings Credit UnionEducational summary; rates, terms, and approval are set by the lender.
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Other credit unions
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.