Conventional

• Eligible properties include residential homes, recreational properties, and condominiums (subject to availability of funds)
• Minimum loan amount $25,000
• No maintenance or renewal fees
• Fixed rates for terms from six months to five years
• Payments may be amortized for up to 35 years
• Variable rate mortgages allow repayment at any time without penalty
• Finance up to 80% of the appraised value or purchase price, whichever is lower
• Each year, an additional 20% of the original mortgage principal may be paid and payments can increase by 20% of the monthly amount for fixed rate mortgages
• Transfer here to our Mortgage Calculator
  

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