Regular Mortgages

Our regular home mortgages offer great rates and flexible terms

Mortgage features

  • A down payment of at least 20% reduces overall borrowing costs
  • Weekly, accelerated bi-weekly and monthly borrowing schedules
  • Double up payments on any payment due date
  • 20% of original balance can be deposited with no penalty on each anniversary date
  • Interest rate is fixed during the course of the term
  • 120-day rate guarantee available
  • Life and Disability insurance available

This mortgage is the right option for...

  • Members with the financial means to put down a down payment of 20% or more for a home.
  • For down payments less than 20% see our High Ratio Mortgage 

Mortgage interest information

PenFinancial Credit Union doesn't make you guess or negotiate a mortgage rate: we always give you our best rate. See our mortgage interest rates online

Mortgage terms and conditions

  • Requires a minimum down payment of 20%
  • Eligible security includes primary residences or revenue properties
  • Can be administered as first, second or third mortgages as long as total loans outstanding on the property does not exceed 80% of the appraised value
  • Maximum mortgage amortization period is 25 years
  • Interest compounds semi-annually
  • Suspension of scheduled payments not permitted


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