- Eligible security includes primary residences.
- Maximum mortgage amortization is 30 years. Interest is calculated half-yearly not in advance.
- Mortgage rates are stated as an Annual Percentage Rate (APR). Legal, appraisal, processing and discharge fees apply and may increase the APR.
- Full repayment before maturity will incur the greater of 3 months’ interest or the interest rate differential based on Tandia’s posted rates.
Turning dreams into doorsteps with Tandia's low rate mortgages.
Whether you’re buying your first home or moving into a new one, we’re here to help you find the right fit. With competitive rates and personalized advice, we’ll help make your next mortgage decision a confident one. If you’re ready to make a smart move, take advantage of our limited-time offer of a 3-Year High Ratio Mortgage at just 3.99%* (APR 4.05%)*, or explore our other competitive rates. At Tandia, our experienced mortgage team is committed to helping you find a mortgage that’s perfect for you.
So, let’s get moving! Reach out to us today to get started.
Get started today 1-800-598-2891
(APR 4.45%)
(APR 4.18%)
(APR 4.48%)
*O.A.C., additional premiums may apply in cases of a refinance, extended amortizations, non-owner occupied, or other instances where application details may warrant it. Legal and appraisal fees may apply. Interest is calculated half-yearly, not in advance. Rate is product-specific and subject to change without notice. Some conditions apply. A high ratio mortgage is applicable where a borrower places a down payment of less than 20% of the purchase price of a home and requires mortgage default insurance. The Annual Percentage Rate (APR) is based on a $200,000 mortgage, 25 year amortization, for the applicable term assuming monthly payments and a property valuation fee of $350. If no fees are charged, the Annual Percentage Rate (APR) is the same as the interest rate displayed.
The Best Rates
We promise to offer our members a comfortable mortgage experience with the best low rates on the market.
Convenient Pre-approval
Pre-approval not only helps confirm your price range, it also means you can make an offer with confidence.
Flexible Pre-payments
The best kind of mortgage is no mortgage at all. We can help you get there faster by allowing extra payments here and there.
Payment Relief Options
Unexpected income interruptions can be stressful. We take away that worry with payment relief options during strikes, layoffs and parental leaves.
In-person or Mobile
We can meet where you are. Personalized mortgage advice done easy or remotely. We are here to support you.
Fixed Rate Closed Mortgage
Overview
Our most popular mortgage offers standard 1-5 year fixed rate terms, preferred 'member' rates and the ultimate advantage in flexibility.
This is good for you if:
- You want the most flexibility for repayment and refinancing, including double-up payments anytime, 20% anniversary prepayments and portability.
- You have a minimum 20% down payment for a home.
- You have less than a 20% down payment and require a high ratio mortgage.
Terms and Conditions
Variable Rate Mortgage
Overview
Benefit from the ultimate flexibility with our Variable Rate Mortgage, where interest rate fluctuations can work in your favour. It can be open or closed, and terms offered range from 1 to 5 years.
This is good for you if:
- You watch interest rates carefully.
- You expect interest rates to stay stable or drop.
- Your finances can accommodate a higher payment should interest rates increase.
- You have a minimum 20% down payment for a home.
Terms and Conditions
- Mortgage rates are stated as an Annual Percentage Rate (APR).
- Interest is calculated daily on the outstanding principal and compounds monthly.
- Maximum amortization period is 30 years. Legal, appraisal and processing fees apply.
- An open Variable Mortgage allows prepayment or payment in full at any time prior to the term expiry without penalty.
- A closed Variable Mortgage provides the option of paying up to 20% of the principal on each anniversary; full repayment before maturity can only occur if the property is sold.
Tandia Great Low Mortgage Rates
There is no guessing or negotiating required. We will always offer you our best. We post our 'preferred' rates and can provide comparative ‘market’ rate information of the nation’s top five banks to demonstrate our competitiveness. Preferred rates are also automatically offered at renewal time.
Frequently Asked Mortgage Questions
How much down payment do I need?
Minimum down payments are:
- 5% on the first $500,000
- 10% on the portion between $500,000 and $1.5 million
- 20% for homes over $1.5 million
A larger down payment may reduce borrowing costs.
Should I choose a fixed or variable mortgage?
Fixed mortgages provide predictable payments and protect against rising rates. Variable mortgages may offer savings if rates decline but payments or interest costs can fluctuate.
What documents do I need for mortgage approval?
Typically:
- Government ID
- Employment letter
- Recent pay stubs
- T4s or Notices of Assessment
- Bank statements
- Down payment confirmation
Can self-employed people get a mortgage?
Yes. Self-employed borrowers may need additional documentation, including tax returns, business financial statements, and proof of consistent income.
What closing costs should I expect?
Typical costs include:
- Land Transfer Tax
- Legal fees
- Title insurance
- Home inspection
- Appraisal
- Adjustments
- Moving expense
Why should I get my mortgage from a credit union?
Credit unions often provide:
- Competitive mortgage rates
- Personalized advice
- Flexible lending solutions
- Local decision-making
- Member-focused service instead of shareholder profits
Tandia's Mortgage Glossary
Looking to brush up on key mortgage-related terms and phrases? Let us help!
Check out our handy Mortgage Glossary so you can navigate the homebuying process with ease.
It's Easy to Apply
You can start your mortgage application online it's fast and it's easy.
Feel like you'd rather talk to someone? Then call our Member Solutions Centre at 1-800-598-2891 or visit one of our branches (appointments are recommended).
Advice and Support
There's a lot to consider when it comes to buying a home. This is one of the biggest purchases you can make. We can walk you through every step of the way and help explore what the different options are. Let us do the leg work and find you the best rates. Contact us for helpful, friendly, easy to understand advice.
Mortgage Calculator
A mortgage calculator is a quick and easy tool that helps you estimate what you can afford before buying a home or renewing your mortgage. By entering details such as the home price, down payment, interest rate, amortization period, and payment frequency, you can estimate your monthly mortgage payments. Let us help you do the math.
MeritLine home equity line of credit
Using the equity in your home to secure this pre-approved line of credit (minimum $25,000) guarantees you one of the lowest rates available for credit. A companion MeritLine Account is your key to convenient access.
Welcome to Tandia
At Tandia, we believe that financial institutions should be accountable to the people they serve. We believe that there’s more than one way to measure success. We believe that our profits should have a positive financial, social and environmental impact on communities.
We understand that everyone is different, and we work hard to tailor solutions that are right for you.
We Invest in You
At Tandia Financial, we take pride in giving back generously to our community. This support is a crucial part of what Tandia stands for and reflects our corporate values of respect and integrity. We are committed to supporting local, community-focused programs benefitting all of the regions we serve. Along with our dedication to charitable giving, we strive to help eliminate barriers faced by youth in our communities.
First-time Homebuying
As a first-time home buyer, you probably have many questions. Buying a home involves many decisions. The endless lingo and terms can seem overwhelming. There’s no better place for a tailored personalized mortgage than right here at Tandia. From Home Buyers’ Plan (HBP) to repayment of RRSP funds, let us partner with you each step of the way. Visit our buying a home guide and let's get you started.
We are here for you
Get in touch with us at any time, whether it’s a question about our services or a comment on how we can do things better. Your voice is number one at Tandia.
To report a lost or stolen MEMBER CARD® debit card during regular business hours, call 1-800-598-2891 after hours please call 1-888-277-1043.
© 2026 Tandia Financial a Division of Alterna Savings and Credit Union Limited.