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Helping you into your dream home


2.14%* Mortgage
5-year fixed term

Apply Now

Let’s make your mortgage as good as the home you want

Special Rate: 2.14%* at a 5-Year Fixed Term
Options to avoid interest rate hikes and penalties
Loyalty Rewards: Get rewarded with cash for banking with us
Flexible repayment options to pay off your mortgage faster
Quick approval process over a phone call
Get up to $3,000 cash: Choose Innovation for your first home purchase

See our mortgage calculator to discover your potential monthly payments.

This calculator is made available to you as tools for independent use and is not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.

Connect with a mortgage specialist for a pre-approval.

Local experts available when you are!

Erin Chmiel

Erin Chmiel

Saskatoon and area
Call or text: 306-220-5496
Email: erin.chmiel@innovationcu.ca

Kyle Reid

Kyle Reid

Saskatoon and area
Call or text: 306-480-6590
Email: kyle.reid@innovationcu.ca

You’ve come to the right place if you want to get a mortgage to:

Buy your first home

Buy your next home

Buy an investment property

Build your home

Renovate your home

Pay off your loan faster

Need more reasons to choose us? We’ve got you covered!

We like to make it a bit easier for first home buyers: Get up to $3,000* cash back!

Make the most of our special offer: 2.14%* special rate!

Transfer your mortgage to us with ease: Up to $1,500 to cover fees!

Earn cash rewards for everyday banking with us: we share our profits with you!.

Which mortgage is the right one for me?

Fixed Rate

A type of mortgage kept in place to protect you from rate increases

Variable Rate

Fluctuates with Prime.

Additional Options

  • If you’re a first-time home buyer, we can discuss the Government of Canada’s First Time Home Buyer Incentive with you.
  • You’ll earn Member Rewards simply by having your mortgage with us. That includes quarterly cash payouts.
  • You can apply right over the phone and speak to someone who understands your situation.
  • We have affordable protection plans so you and your family are covered during a tough time.

Before you apply

Ready to reach out to us? Here’s a mortgage appointment checklist
to ensure you have everything we need to make the process fast and easy for you.

How to apply for a mortgage

Connect with us

You can connect with our advisors at 1.866.446.7001.
We’d be happy to help!

Apply online

Apply for a mortgage online in minutes. Buy your dream home today!. 

Eligibility to apply for a mortgage?

Proof of age

You must be 18 years of age or older

Proof of residence

You must be a Canadian resident

Join the 57,000+ Canadians who love banking with us

The service I received when getting my mortgage was exceptional.
I was able to complete the entire process over the phone and by email from Regina.

Derrick
Regina, SK

Innovation Credit Union was great to work with when getting our mortgage. Living in rural Saskatchewan wasn’t a problem. Everything was done by phone and email!

Bayleigh Napper
Liebethal, Saskatchewan

More reasons to bank with us!

SAVE

Our No-Fee Bank Account has no monthly fees and no minimum balance requirement. So you can save as much as $360/year in bank fees.

EARN

You earn cash dividends simply by doing your everyday banking with us. The more you bank with us, the more you benefit. 

GIVE

Your business helps us support your community in the form of scholarships, sponsorships and grants. We allocate 2% to 4% of pre-tax profits every year to our communities.

Terms & Conditions

*Innovation Credit Union will lend for properties located in Canada only. Rates subject to change without notice.

**Additional information could be required depending on the type of construction project you are undertaking.

These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.

This offer applies to First Time Home Buyers* (the “Applicants”). Mortgage loans must have a principal amount of $100,000 or more, must be an Innovation Credit Union (“Innovation”) Fixed-Rate Closed mortgage loan at Innovation’s posted 5-year Closed Fixed (Special) mortgage interest rate, and must have a term of 5 years with an amortization of 25 years or less. Offer applies to consumer residential mortgage loans only.

Applicants must have an Innovation No-Fee Bank Account and Member Rewards Account. Pre-authorized mortgage payments must come from an Innovation bank account. Mortgage application must be submitted to Innovation by December 31, 2021 and mortgage must be funded within 120 days of application.

Qualifying Applicants will receive cash back based on their mortgage loan amount. Cash back amounts are tiered as follows:

o $1,000 cash back on a mortgage loan of $100,000 – $299,999

o $1,200 cash back on a mortgage loan of $300,000, – $499,999

o $2,000 cash back on a mortgage loan of $500,000 – $749,000

o $3,000 cash back on a mortgage loan of $750,000 or more.

Cash back amount will be deposited into the Applicant’s Innovation Member Rewards Account within 30 business days after mortgage funding. In the case of joint mortgages, the cash back amount will be divided equally amongst all mortgage holders. Investment income earned on Member Rewards Account balances may be taxable. If the offer ends before the 30 business days after funding, Innovation will still pay the cash back amount to the Applicants, provided the above terms and conditions are met.

Offer is subject to meeting Innovation’s credit approval criteria. Offer may end or change at any time without notice. From time to time, and without notice, Innovation may change, supplement or amend these terms and conditions. Offer expires December 31, 2021 but may end at anytime without notice.

* First Time Home Buyers are defined as any of the following: An individual who has never purchased/owned a home; an individual experiencing the breakdown of a marriage or common-law partnership; or an individual who, in the last four (4) years, has not occupied a home that their current spouse or common-law partner owns or has owned. For more information visit: https://www.placetocallhome.ca/fthbi/first-time-homebuyer-incentive

This offer applies to anyone who transfers their mortgage loan to Innovation Credit Union (“Innovation”) from another financial institution (the “Applicants”). Mortgage loans must have a principal amount of $100,000 or more, must be an Innovation Fixed-Rate Closed mortgage loan at Innovation’s posted 5-year Closed Fixed (Special) mortgage interest rate, and must have a term of 5 years with an amortization of 25 years or less. Offer applies to consumer residential mortgage loans only.

Applicants must have an Innovation No-Fee Bank Account and Member Rewards Account. Pre-authorized mortgage payments must come from an Innovation bank account. Mortgage application must be submitted to Innovation by December 31, 2021 and mortgage must be funded within 120 days of application.

Innovation will reimburse qualifying Applicants for the fees* incurred to transfer their mortgage. The fee reimbursement amount will be for the amount of the fees incurred, up to a maximum amount that is based on the Applicant’s Innovation mortgage amount. Maximum fee reimbursement amounts are tiered as follows:

  • Up to $500 fee reimbursement on a mortgage loan of $100,000 – $199,999
  • Up to $1,000 fee reimbursement on a mortgage loan of $200,000 – $299,999
  • Up to $1,500 fee reimbursement on a mortgage loan of $300,000 or more.

The fee reimbursement amount will be deposited into the Applicant’s Innovation Member Rewards Account within 30 business days after mortgage funding. In the case of joint mortgages, the fee reimbursement amount will be divided equally amongst all mortgage holders. Investment income earned on Member Rewards Account balances may be taxable. If the offer ends before the 30 business days after funding, Innovation will still pay the fee reimbursement amount to the Applicants, provided the above terms and conditions are met.

Offer is subject to meeting Innovation’s credit approval criteria. Offer may end or change at any time without notice. From time to time, and without notice, Innovation may change, supplement or amend these terms and conditions. Offer expires September 30, 2021 but may end at any time without notice.

*Fees include fees associated with the mortgage application, transfer, registration, and discharge but do not include penalties that are charged by the other financial institution for the mortgage transfer.