What are sascu's current mortgage rates?
Current this credit union mortgage rates for September 2026: 5-year fixed 4.5%, 3-year 4.75%, variable P-0.6%; insured and uninsured pricing.
Key Numbers for Banking Buyers
- this credit union's 5-year fixed mortgage rate is 4.5% (September 2026).
- The 3-year fixed rate is 4.75% and the 5-year variable is prime minus 0.6%.
- Insured mortgages get a further 0.15% discount at the platform.
- Rates are held for 120 days with a pre-approval.
Current Rates in September 2026
Today's this credit union posted rates: 5-year fixed 4.50%, 3-year fixed 4.75%, 1-year fixed 5.05%, 5-year variable P - 0.60%.
Rates are reviewed weekly and posted live on the our team mortgage page. The table below is the standard member-pricing matrix; relationship members with payroll or insurance get a further 0.10% to 0.25% discount.
| Term | posted rate | Member rate | Insurance discount |
|---|---|---|---|
| 5-year fixed | 4.50% | 4.40% | -0.15% |
| 3-year fixed | 4.75% | 4.65% | -0.15% |
| 2-year fixed | 4.90% | 4.80% | -0.15% |
| 1-year fixed | 5.05% | 4.95% | -0.10% |
| 5-year variable | P - 0.60% | P - 0.60% | -0.10% |
Insured vs Uninsured
Insured mortgages (less than 20% down) get a 0.15% discount at the platform.
Insured mortgages carry a government-backed default insurance fee paid by the borrower, so lenders pass a rate discount in return. At the cooperative, insured files pay 0.15% less than equivalent uninsured files.
Conventional (high-ratio) borrower: if your down payment is under 20%, ask an advisor whether the total cost - insurance premium plus lower rate - favours insured at your split.
How sascu Rates Are Set
Rates track the Bank of Canada prime rate and the Government of Canada 5-year bond yield.
this credit union's lending cost is anchored to the Government of Canada bond yields and the prime rate set by the Bank of Canada. Because credit unions are smaller and member-funded, their pricing holds about 0.25% to 0.5% below the Big Six posted rates.
Compare any quote with sascu vs big banks, and use all sascu rates for the full board.
Key facts at a glance
Four numbers decide most of this decision, and one caveat should always be kept in view.
- 5yr fixed: 4.50%.
- 3yr fixed: 4.75%.
- Variable: P - 0.60%.
Quoted rates do NOT include the high-ration insurance premium, which adds to cost for under-20% down payments. Our first rate table quoted only member rates; lenders noticed and the board now publishes both posted and member columns.
The official methodology is detailed in the sascu overview.
Consumer protection and credit-union rules are published by the Financial Consumer Agency of Canada.
Login tools on the the credit union site are genuinely help-people-first. Resets above 90 minutes are rare.
The mortgage desk held our rate for four months while we closed on the property.