Get quality mortgage advice, swift approvals, and a dedicated team to find the best mortgage solution for your residential or commercial needs.
Residential Mortgage
Your new home awaits!
You can enjoy:
- Competitive market rates
- Up to 80% financing
- Up to a 25 year term (or up to age 65 whichever comes first)
- An expert team to guide you through the process
* conditions apply
Own your own home now!
Land Loans
Ready to build your own home? Let us help you to buy the Land to start your dream home with a loan from Newfoundland Credit Union.
Benefits include:
- 25% down plus closing costs
- A 10-year term (or up to age 65, whichever comes first)
- A rate of Prime + 2% (present effective 10.25%).
Residential Construction Loans
Picturing your dream home? We are ready to build with you! Speak to a Newfoundland Credit Union representative today and secure a construction loan.
This loan package includes:
- 70% financing of the purchase price of the land plus the cost of construction
- Interest is paid monthly at a rate of Prime + 2% during construction over a term of 12 to 18 months
- Once construction is completed the loan is converted to a mortgage with a rate of Prime +1%
- Your down payment could be reduced should you own land that is free and clear
*Conditions apply
Investment Properties
Solid investments provide maximum returns. Grow your portfolio today through an investment loan from Newfoundland Credit Union. We have a competitive package with a team of experts to guide you through this process.
Benefits include:
- Investment loans for a new property are 30% down plus closing costs
- Up to a 15 year term (or up to age 65, whichever comes first)
- A rate of Prime + 2% (present effective 10.25%).
- Rental income is calculated only using 50%.
Invest in your future now!