Fixed-rate mortgages from


Are you on the hunt to buy a home or open a First Home Savings Account? Looking to renew or refinance? Want to get in on some of the best mortgage rates in the Niagara and Haldimand market? PenFinancial can help.

Get in touch

More than just great rates

PenFinancial’s mortgage rates are among the best in the market, but you’ll get more than just great rates at PenFi. You’ll get the help and advice you need to grow your home and build your future. You’ll also help your neighbours. Each year we commit a portion of our profits to support truly local initiatives that, in turn, help our communities thrive. 

All mortgage rates →

3-Year Fixed¹
High Ratio
5-Year Fixed¹
High Ratio
5-Year Fixed¹

Contact us below. We’ll reach out within 1 business day!

We’ll have a qualified advisor reach out to you shortly. And don’t worry, it’s a no-pressure, no-commission culture here at PenFi! We look forward to chatting more.

Or if you’d like, you can begin your application to get the ball rolling:



We’ve launched the First Home Savings Account!

A First Home Savings Account is a great way of investing towards your first home. It takes the best aspects of the TFSA and RRSP → you save taxes when you put money into the FHSA, and you don’t owe more tax when you use it to purchase a home!

As it is a registered product (just like the TFSA or RRSP), the rules and limits are set by the Government, not PenFinancial.

Learn more about the FHSA →
Learn more about the FHSA



I’m a millennial who grew up in Niagara. Will I ever be able to buy a home here?

Every day, we read how expensive housing is becoming in Niagara and beyond. Compared to the past, buying a home today is significantly more difficult, even when considering inflation and wages.

It’s not all bad… Sarah Bujacz, one of our Financial Advisors, has shared some tips that will help boost your chances of homeownership and build toward the future.

Strategies to get approved for your mortgage

Truly Local Commitment
Banking at PenFi is about more than just money.

It’s about financial solutions that generate prosperity for you and your community.

Our Truly Local Commitment is the heart and soul of our philosophy, where we believe the prosperity of our Members and our community go hand in hand. We commit a portion of our profits to support truly local initiatives, a living wage is our minimum wage, and we are a Certified B Corporation – just a few ways we are invested in our community.

Learn about our TLC

1 Rates are subject to change without notice.  Additional premiums may apply in cases of a refinance, extended amortizations, non-owner occupied, or other instances where application details may warrant it. A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home. Refinances, renewals and amortization periods of greater than 25 years are ineligible. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. Offer may change or be withdrawn at any time without notice.