KEEPING YOU INFORMED: COVID-19 information for residential customers & commercial borrowers
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Our residential call centre is experiencing higher than normal wait times.

If you are a residential customer experiencing financial hardship due to COVID-19 and need to request a mortgage payment assistance, please submit a payment assistance request through My Mortgage.

If you are a commercial borrower experiencing financial hardship due to COVID-19, please email our Payments team at commercial.payments@firstnational.ca.

Be assured that we are committed to getting back to all of you who have contacted us.

Your patience is appreciated, and we thank you for your understanding.

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Mortgage rates

Rates are obviously a key deciding factor when choosing a lender for your residential mortgage. Below you will find the latest rates that First National offers for qualified residential mortgages.

While competitive rates are important, so is having a partner that puts you first. At First National, we are committed to going beyond service – making it easy for you to manage your mortgage, access specialists when you need them and achieve your real estate financing goals.

Rates effective as of Saturday, December 12, 2020 for qualified residential properties.

Posted Rates

Fixed rate mortgages – closed terms

1 year 2 year 3 year 4 year 5 year 7 year 10 year
Insured 1.64 1.64 1.64 1.64 1.74 2.74 2.95
Insurable up to 65% LTV 1.64 1.64 1.64 1.64 1.74 N/A N/A
Insurable > 65% - 70% LTV 1.69 1.69 1.69 1.69 1.79 N/A N/A
Insurable > 70% - 75% LTV 1.84 1.84 1.84 1.84 1.94 N/A N/A
Insurable > 75% - 80% LTV 1.84 1.84 1.84 1.84 1.94 N/A N/A
Conventional 2.54 2.24 2.14 1.99 1.94 2.74 2.95

Adjustable rate mortgages

5 year
Insured Prime - 0.80% for the entire term
Insurable up to 65% LTV Prime - 0.80% for the entire term
Insurable > 65% - 70% LTV Prime - 0.75% for the entire term
Insurable > 70% - 75% LTV Prime - 0.75% for the entire term
Insurable > 75% - 80% LTV Prime - 0.75% for the entire term
Conventional Prime - 0.75% for the entire term
First National Prime Rate: 2.45

Open term mortgage

6 month fixed term 7.30

Not familiar with these mortgage terms? Visit our glossary here.

Rates are for single-family residential mortgages.

Actual rates may vary. Please contact First National at 416.593.1100 or toll-free at 1.888.670.2111 or email a Mortgage Specialist for further information.

Rates are subject to change without notice.
E. & O. E.

 

 
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