Insured Mortgage (5-20% down payment)

Choose a mortgage you can manage, so it doesn't end up managing you.

Request More Information


  • Adding this item to cart will notify us to connect you with the right expertise
  • You can also call us at
    1 800 332 8383

You May Also Like

Details

Overview

You've decided it's time to buy a home, maybe for the first time! You've scrimped and saved, but you just don't have enough money to muster up a full down payment. No worries. An ATB Insured Mortgage1 helps borrowers with as little as a 5% down payment purchase their home.

There's just one catch—in Canada, by law, borrowers with less than 20% down payment are required to pay for mortgage default insurance. When you partner with ATB, the insurance can be purchased through CMHC or Genworth. We'll help you do the legwork so you can get into your new home quickly!

Pricing

  • Interest Rate
  • Term Range
    • Open and closed term, six months to seven years.
  • Repayment
    • Choose from monthly, semi-monthly, bi-weekly or weekly payments.
  • Prepayment Options
    • Principal prepayments of up to 10% or 20% of the original mortgage amount per year. Can increase regular payments by up to 10% or 20% per year.

Additional Information

  • Other features
    • Mortgage can be ported to a new property if you move.
  • Notes
    1. All loans are based on approved credit. Terms and conditions may apply.

Details

Overview

You've decided it's time to buy a home, maybe for the first time! You've scrimped and saved, but you just don't have enough money to muster up a full down payment. No worries. An ATB Insured Mortgage1 helps borrowers with as little as a 5% down payment purchase their home.

There's just one catch—in Canada, by law, borrowers with less than 20% down payment are required to pay for mortgage default insurance. When you partner with ATB, the insurance can be purchased through CMHC or Genworth. We'll help you do the legwork so you can get into your new home quickly!

Pricing

  • Interest Rate
  • Term Range
    • Open and closed term, six months to seven years.
  • Repayment
    • Choose from monthly, semi-monthly, bi-weekly or weekly payments.
  • Prepayment Options
    • Principal prepayments of up to 10% or 20% of the original mortgage amount per year. Can increase regular payments by up to 10% or 20% per year.

Additional Information

  • Other features
    • Mortgage can be ported to a new property if you move.
  • Notes
    1. All loans are based on approved credit. Terms and conditions may apply.

Request More Information


  • Adding this item to cart will notify us to connect you with the right expertise
  • You can also call us at
    1 800 332 8383

You May Also Like