4.2
on Google by our members
More Than a Mortgage
Mortgage rates as low as 4.19%* - plus take home up to $5,500** when you make the switch to YNCU.
We’re here to make getting a mortgage a little easier, with friendly service, knowledgeable advice, and support you can rely on.
Terms and Conditions
Terms and Conditions
Don’t wait to lock in a great mortgage rate.
Start your mortgage journey with a credit union that cares about your goals as much as you do. Fill out the form below and we’ll connect you with a local mortgage advisor - or call 1-844-444-0411 to get started today.
65K+
65K+
Valued Members and Growing
Valued Members and Growing
75+
75+
Years In Business
Years In Business
3.5+
3.5+
Billion in Managed Assets
Billion in Managed Assets
18
18
Communities Across Ontario
Communities Across Ontario
Lock in a low mortgage rate today
Compare our latest high-ratio and conventional mortgage rates and find the option that’s right for you.
High-Ratio Mortgage
A smaller down payment with added lender protection.
3-Year
4.19%
4-Year
4.19%
5-Year
4.19%
Conventional Mortgage
A larger down payment and no insurance required.
4-Year
4.49%
5-Year
4.49%
How are mortgage rates calculated?
Mortgage rates are influenced by many different factors, including the Bank of Canada’s policy interest rate, bond yields, market conditions, your personal credit history, the term and type of mortgage like fixed or variable, as well as other things like internal costs and assessments. At YNCU, we’ll absorb more costs than our much larger competitors to give our members competitive rates.
Lock in a low mortgage rate today
Compare our latest high-ratio and conventional mortgage rates and find the option that’s right for you.
High-Ratio Mortgage
A smaller down payment with added lender protection.
3-Year
4.19%
4-Year
4.19%
5-Year
4.19%
Conventional Mortgage
A larger down payment and no insurance required.
4-Year
4.49%
5-Year
4.49%
How are mortgage rates calculated?
Mortgage rates are influenced by many different factors, including the Bank of Canada’s policy interest rate, bond yields, market conditions, your personal credit history, the term and type of mortgage like fixed or variable, as well as other things like internal costs and assessments. At YNCU, we’ll absorb more costs than our much larger competitors to give our members competitive rates.
Lock in a low mortgage rate today
Compare our latest high-ratio and conventional mortgage rates and find the option that’s right for you.
High-Ratio Mortgage
A smaller down payment with added lender protection.
3-Year
4.19%
4-Year
4.19%
5-Year
4.19%
Conventional Mortgage
A larger down payment and no insurance required.
4-Year
4.49%
5-Year
4.49%
How are mortgage rates calculated?
Mortgage rates are influenced by many different factors, including the Bank of Canada’s policy interest rate, bond yields, market conditions, your personal credit history, the term and type of mortgage like fixed or variable, as well as other things like internal costs and assessments. At YNCU, we’ll absorb more costs than our much larger competitors to give our members competitive rates.
Switching to YNCU means more money in your pocket.
Make the move to YNCU and get up to $5,500** cash back when you bring your mortgage and banking to us. We’ll deposit your cash directly into your Home Free Chequing Account, free with a YNCU mortgage - perfect for tackling closing costs, doing a few upgrades, or treating yourself to something special for your new home.
All terms and conditions are outlined clearly before you commit, because trust starts with transparency.
Terms and Conditions
Terms and Conditions
How it works
01
We’ll contact you by phone to start your application and discuss your mortgage and financial needs.
02
Your application will then be sent for a quick review for approval.
03
We’ll assign your dedicated advisor who’ll let you know if you’ve been approved.
04
Receive your mortgage.
05
Once your mortgage closes, your cash back incentive will be deposited into your Home Free Chequing Account (if applicable).
06
Enjoy ongoing personal support and a tailored banking experience designed around you.
Helping serve our members since 1950
While it sounds cliché, here at YNCU, our members come first. As a credit union, we don’t have the stock pressures of big banks, so we can prioritize your financial well-being over profit.
Why choose YNCU?
Given the economic uncertainty we’re facing in this country, our job is to make you feel confident about your future. We’ll help you earn, save, and protect your money. We also help the local communities where we do business, because we know the financial health and security of our customers and members require investments at both individual and collective levels.
Trusted by over 65,000 members and growing
YNCU has been wonderful to deal with. Love that I can walk into the bank and they know who we are. The personal touch is the key to banking, you are not just a number.
Mary E.
Happy Member
Been a member here for years. Customer service is awesome, they know me by name and everytime I walk through the doors I am treated with nothing but respect and I feel like I'm coming home for a visit. I'm not just an account number, I'm a family member.
Leann W.
Happy Member
They've always been friendly and helpful. Some of the staff remember me from when I was a kid and opened my first account with change I saved in an empty tissue box. Since then they've helped with advice on buying a business, and with opening and using savings accounts.
Caleb D.
Happy Member
Extremely friendly and professional staff. Very comfortable environment. Most of all they don't make you seem like a number (like most banks).
Jay P.
Happy Member
Trusted by over 65,000 members and growing
YNCU has been wonderful to deal with. Love that I can walk into the bank and they know who we are. The personal touch is the key to banking, you are not just a number.
Mary E.
Happy Member
Been a member here for years. Customer service is awesome, they know me by name and everytime I walk through the doors I am treated with nothing but respect and I feel like I'm coming home for a visit. I'm not just an account number, I'm a family member.
Leann W.
Happy Member
They've always been friendly and helpful. Some of the staff remember me from when I was a kid and opened my first account with change I saved in an empty tissue box. Since then they've helped with advice on buying a business, and with opening and using savings accounts.
Caleb D.
Happy Member
Extremely friendly and professional staff. Very comfortable environment. Most of all they don't make you seem like a number (like most banks).
Jay P.
Happy Member
What our amazing members say about us
What our amazing members say about us
Our members are at the heart of everything we do. Their stories highlight the trust, support, and meaningful connections we strive to build every day. Here’s what they have to say about their experience with us.
YNCU has been wonderful to deal with. Love that I can walk into the bank and they know who we are. The personal touch is the key to banking, you are not just a number.
Mary E.
Happy Member
YNCU has been wonderful to deal with. Love that I can walk into the bank and they know who we are. The personal touch is the key to banking, you are not just a number.
Mary E.
Happy Member
Been a member here for years. Customer service is awesome, they know me by name and everytime I walk through the doors I am treated with nothing but respect and I feel like I'm coming home for a visit. I'm not just an account number, I'm a family member.
Leann W.
Happy Member
Been a member here for years. Customer service is awesome, they know me by name and everytime I walk through the doors I am treated with nothing but respect and I feel like I'm coming home for a visit. I'm not just an account number, I'm a family member.
Leann W.
Happy Member
They've always been friendly and helpful. Some of the staff remember me from when I was a kid and opened my first account with change I saved in an empty tissue box. Since then they've helped with advice on buying a business, and with opening and using savings accounts.
Caleb D.
Happy Member
They've always been friendly and helpful. Some of the staff remember me from when I was a kid and opened my first account with change I saved in an empty tissue box. Since then they've helped with advice on buying a business, and with opening and using savings accounts.
Caleb D.
Happy Member
Extremely friendly and professional staff. Very comfortable environment. Most of all they don't make you seem like a number (like most banks).
Jay P.
Happy Member
Extremely friendly and professional staff. Very comfortable environment. Most of all they don't make you seem like a number (like most banks).
Jay P.
Happy Member
Frequently asked questions
Frequently asked questions
Here are the top questions our members ask before getting started.
How much mortgage can I afford?
To determine how much mortgage you can afford in Ontario, you'll need to factor in your income, expenses, as well as your debt-to-income ratio. A general guideline is to calculate the percentage of your gross income that is allocated to housing-related expenses.
How much mortgage can I afford?
To determine how much mortgage you can afford in Ontario, you'll need to factor in your income, expenses, as well as your debt-to-income ratio. A general guideline is to calculate the percentage of your gross income that is allocated to housing-related expenses.
How much mortgage can I afford?
To determine how much mortgage you can afford in Ontario, you'll need to factor in your income, expenses, as well as your debt-to-income ratio. A general guideline is to calculate the percentage of your gross income that is allocated to housing-related expenses.
What's the best type of mortgage?
Most people prefer fixed-rate mortgages because the monthly principal and interest payments remain the same. They are ideal if you are on a fixed income, or you simply prefer fixed repayments for easier budgeting.
What's the best type of mortgage?
Most people prefer fixed-rate mortgages because the monthly principal and interest payments remain the same. They are ideal if you are on a fixed income, or you simply prefer fixed repayments for easier budgeting.
What's the best type of mortgage?
Most people prefer fixed-rate mortgages because the monthly principal and interest payments remain the same. They are ideal if you are on a fixed income, or you simply prefer fixed repayments for easier budgeting.
What’s the difference between a fixed and a variable rate mortgage?
A fixed-rate mortgage locks in your interest rate for a predetermined amount of time, offering predictable monthly payments. A variable-rate mortgage may fluctuate based on market conditions, which could mean lower interest costs if rates go down. Both options are available through YNCU and can be tailored to your financial plan. Speak with a Mortgage Specialist to find the mortgage that works best for you.
What’s the difference between a fixed and a variable rate mortgage?
A fixed-rate mortgage locks in your interest rate for a predetermined amount of time, offering predictable monthly payments. A variable-rate mortgage may fluctuate based on market conditions, which could mean lower interest costs if rates go down. Both options are available through YNCU and can be tailored to your financial plan. Speak with a Mortgage Specialist to find the mortgage that works best for you.
What’s the difference between a fixed and a variable rate mortgage?
A fixed-rate mortgage locks in your interest rate for a predetermined amount of time, offering predictable monthly payments. A variable-rate mortgage may fluctuate based on market conditions, which could mean lower interest costs if rates go down. Both options are available through YNCU and can be tailored to your financial plan. Speak with a Mortgage Specialist to find the mortgage that works best for you.
What is the cash back mortgage incentive?
A cash back mortgage incentive includes a lump sum of money that you receive when your loan is finalized. It’s typically used to help with home closing costs like legal expenses, renovations, furniture, or just about anything else. It’s also a great starting point for your savings, nest egg, or emergency fund.
What is the cash back mortgage incentive?
A cash back mortgage incentive includes a lump sum of money that you receive when your loan is finalized. It’s typically used to help with home closing costs like legal expenses, renovations, furniture, or just about anything else. It’s also a great starting point for your savings, nest egg, or emergency fund.
What is the cash back mortgage incentive?
A cash back mortgage incentive includes a lump sum of money that you receive when your loan is finalized. It’s typically used to help with home closing costs like legal expenses, renovations, furniture, or just about anything else. It’s also a great starting point for your savings, nest egg, or emergency fund.
Am I eligible for the cash back incentive?
To be eligible, you must be a new or existing member with a new YNCU mortgage for a property in Ontario with a term of at least three years and a minimum value of $100,000. You’ll also need to have your payroll direct deposit going into a YNCU chequing account. Eligible members can receive between $1,500 and $4,500 in cash back. Members who bundle additional YNCU products can qualify for a higher incentive: - With two additional products, you could receive $1,750 to $5,250 in cash back. - With three or more additional products, you could receive $2,000 to $5,500 in cash back.
Am I eligible for the cash back incentive?
To be eligible, you must be a new or existing member with a new YNCU mortgage for a property in Ontario with a term of at least three years and a minimum value of $100,000. You’ll also need to have your payroll direct deposit going into a YNCU chequing account. Eligible members can receive between $1,500 and $4,500 in cash back. Members who bundle additional YNCU products can qualify for a higher incentive: - With two additional products, you could receive $1,750 to $5,250 in cash back. - With three or more additional products, you could receive $2,000 to $5,500 in cash back.
Am I eligible for the cash back incentive?
To be eligible, you must be a new or existing member with a new YNCU mortgage for a property in Ontario with a term of at least three years and a minimum value of $100,000. You’ll also need to have your payroll direct deposit going into a YNCU chequing account. Eligible members can receive between $1,500 and $4,500 in cash back. Members who bundle additional YNCU products can qualify for a higher incentive: - With two additional products, you could receive $1,750 to $5,250 in cash back. - With three or more additional products, you could receive $2,000 to $5,500 in cash back.
What products qualify for the higher cash back incentive?
Members can earn a higher cash back amount by bundling additional YNCU products with their mortgage. Qualifying products include: - Non-Registered Savings Account or GIC - Investment Shares - RRSP or RIF - TFSA - FHSA - Overdraft Protection - Unsecured Line of Credit - Home Equity Line of Credit (Meritline) - Personal Loan or RRSP Loan
What products qualify for the higher cash back incentive?
Members can earn a higher cash back amount by bundling additional YNCU products with their mortgage. Qualifying products include: - Non-Registered Savings Account or GIC - Investment Shares - RRSP or RIF - TFSA - FHSA - Overdraft Protection - Unsecured Line of Credit - Home Equity Line of Credit (Meritline) - Personal Loan or RRSP Loan
What products qualify for the higher cash back incentive?
Members can earn a higher cash back amount by bundling additional YNCU products with their mortgage. Qualifying products include: - Non-Registered Savings Account or GIC - Investment Shares - RRSP or RIF - TFSA - FHSA - Overdraft Protection - Unsecured Line of Credit - Home Equity Line of Credit (Meritline) - Personal Loan or RRSP Loan
Will I need to repay the cash back?
Only if you break your mortgage early - full terms and details will be shared with you before you sign.
Will I need to repay the cash back?
Only if you break your mortgage early - full terms and details will be shared with you before you sign.
Will I need to repay the cash back?
Only if you break your mortgage early - full terms and details will be shared with you before you sign.
What is a high-ratio mortgage?
A high-ratio mortgage is a home loan where the down payment is less than 20% of the purchase price, making it a higher risk by lenders and requires mortgage default insurance. The insurance protects the lender and allows more Canadians, like first-time homebuyers or those with limited savings, to qualify for homeownership with a smaller down payment.
What is a high-ratio mortgage?
A high-ratio mortgage is a home loan where the down payment is less than 20% of the purchase price, making it a higher risk by lenders and requires mortgage default insurance. The insurance protects the lender and allows more Canadians, like first-time homebuyers or those with limited savings, to qualify for homeownership with a smaller down payment.
What is a high-ratio mortgage?
A high-ratio mortgage is a home loan where the down payment is less than 20% of the purchase price, making it a higher risk by lenders and requires mortgage default insurance. The insurance protects the lender and allows more Canadians, like first-time homebuyers or those with limited savings, to qualify for homeownership with a smaller down payment.
What is a conventional mortgage?
A conventional mortgage is a type of home loan where the borrower provides a down payment of at least 20% of the property’s purchase price. Because the loan amount is 80% or less of the home’s value, it is considered lower risk by lenders. Conventional mortgages are a good fit for: - Buyers with strong savings or equity - Homeowners looking to renew or refinance - People purchasing homes over $1 million, which are not eligible for mortgage insurance
What is a conventional mortgage?
A conventional mortgage is a type of home loan where the borrower provides a down payment of at least 20% of the property’s purchase price. Because the loan amount is 80% or less of the home’s value, it is considered lower risk by lenders. Conventional mortgages are a good fit for: - Buyers with strong savings or equity - Homeowners looking to renew or refinance - People purchasing homes over $1 million, which are not eligible for mortgage insurance
What is a conventional mortgage?
A conventional mortgage is a type of home loan where the borrower provides a down payment of at least 20% of the property’s purchase price. Because the loan amount is 80% or less of the home’s value, it is considered lower risk by lenders. Conventional mortgages are a good fit for: - Buyers with strong savings or equity - Homeowners looking to renew or refinance - People purchasing homes over $1 million, which are not eligible for mortgage insurance
What is mortgage default insurance?
Mortgage default insurance is required for high-ratio mortgages in Canada. It protects the lender in the event the borrower defaults on the loan. The cost, known as the insurance premium, is usually added to your mortgage amount and paid over the life of the loan.
What is mortgage default insurance?
Mortgage default insurance is required for high-ratio mortgages in Canada. It protects the lender in the event the borrower defaults on the loan. The cost, known as the insurance premium, is usually added to your mortgage amount and paid over the life of the loan.
What is mortgage default insurance?
Mortgage default insurance is required for high-ratio mortgages in Canada. It protects the lender in the event the borrower defaults on the loan. The cost, known as the insurance premium, is usually added to your mortgage amount and paid over the life of the loan.
Ready to get a mortgage?
Secure one of Ontario's lowest mortgage rates,. Speak with a local YNCU Advisor now.
Ready to get a mortgage?
Secure one of Ontario's lowest mortgage rates,. Speak with a local YNCU Advisor now.
Ready to get a mortgage?
Secure one of Ontario's lowest mortgage rates,. Speak with a local YNCU Advisor now.
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A cash back mortgage can be more than just a bonus — it can be a boost toward real financial progress.
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In today’s digital age, online marketplaces have become a staple for buying and selling goods.
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