High Ratio Mortgages
The PACE Credit Union High Ratio Mortgage Includes:
• PACE-setting rates! Our low mortgage rates are hard to beat.
• Approved CMHC and GE Capital Lender, up to 95% of appraised value
• Fast PACE applications! Get pre-approved before you buy!
• Option to pay down 20% of the original principal annually.
• The ultimate in flexible payments: weekly, bi-weekly or monthly - tied to your paydays!
The minimum down payment for new mortgages has been modified.
• For homes with a purchase price less than or equal to $500,000 the minimum down payment is 5%
• For homes with a purchase price greater than $500,000 and less than $1 million, the minimum down payment is 5% of the first $500,000 plus 10% of the remaining balance
• For homes with a purchase price of $1 million or more, the minimum down payment is 20%
Learn more about our PACE Credit Union mortgage rates.
Or check out PACE Credit Unions Equity Line of Credit: a preferred-rate of line of cred that is secured by the value of your home so you can boost your home’s value by renovating.