Get up to $3,500 cash back with your mortgage

Rates are subject to change without notice and are available on approved credit. Terms and conditions may apply.

*The fixed mortgage rate is only available to members with greater than 20% down payment, purchasing a residential, owner occupied property valued at under $1,000,000, and who meet other conditions. A premium may be applied to the rates for all other mortgages. Please visit a branch or call us at 1-888-597-1083 for further details.

**This insured mortgage rate is only available to members with less than 20% down payment, purchasing a residential property valued at under $1,000,000, who are eligible for and purchase mortgage default insurance and meet other conditions.

Be mortgage-free faster

Owning your home, free and clear of a mortgage, is a great feeling. That's why we built our mortgages with you in mind. Get mortgage-free faster by taking advantage of:

5-year mortgage rates as low as 1.70%**

120-day rate guarantee

Prepay up to 20% of the original mortgage balance once per year

Increase your mortgage payments by up to 20% of the original payment amount once a year

Share the cost. We're experts in multi-applicant mortgages

young couple dancing among packing boxes in their new home

† Mortgage Cashback Offer - terms and conditions

Offer available for new mortgages to First West Credit Union. Please see below for full offer details. Subject to these terms and conditions, you are eligible to receive (one cashback incentive (the “Cashback”) per property) as per below:

Mortgage amount	cashback
Less than $150,000	$0
$150,000 - $499,999	$1,000
$500,000 - $749,999	$2,500
$750,000 - $949,999	$3,000
$950,000+	$3,500

To be eligible for this offer (the “Offer”), you and each mortgage loan must meet the following eligibility requirements:

You must be an individual, and 19 years of age or older.
If there is more than one applicant, the applicants may have a joint account. If you are not a member of First West Credit Union, you must become a member during the Offer Period (as defined below) in order to be eligible for this Offer subject to First West Credit Union’s membership requirements.
You must hold or open, as the case may be, a Simply Free Account® from which the mortgage payments will be debited.
The principal amount of the new mortgage loan must not be less than $150,000.
Mortgage must be a new mortgage to First West Credit Union.
The purpose of the mortgage must be the purchase of an owner-occupied property or to refinance, switch or transfer-in the mortgage of an owner-occupied property to First West Credit Union.
For each property, only one mortgage loan is eligible.
A completed application for the mortgage must be received by First West Credit Union between March 1st to June 30th, 2021 (the “Offer Period”) and must be funded within 120 days of First West Credit Union’s approval.
You must be approved for and enter into a new mortgage loan in order to receive the Cashback. Residential mortgages are offered by First West Credit Union and are subject to our standard lending criteria, additional terms, and other requirements typical for such mortgages and there is no guarantee that you will be approved for a mortgage.
The new mortgage loan must be a closed residential mortgage loan with a 5-year fixed or 5-year variable term.
First West Credit Union reserves the right to determine, in its sole discretion, whether you have initiated and submitted a mortgage application for credit adjudication during the Offer Period. The Offer and the Cashback are non-transferable.
The following are not eligible: purchases of revenue properties or secondary homes; refinances of existing mortgages at First West Credit Union; renewals of existing mortgages at First West Credit Union; second mortgages behind a first mortgage held by another lender; third or later mortgages; mortgages with open repayment terms; mortgages securing home equity lines of credit (HELOCs); and mortgages which First West Credit Union considers to be stated income, equity lending or other mortgages deemed not eligible under this Offer.
Provided that all applicable terms and conditions set out herein met, the Cashback will be deposited to the primary chequing account held by the primary applicant at the appropriate division of First West Credit Union within 5 days of the funding of the mortgage.
The Cashback is an incentive to you for borrowing and maintaining the mortgage with First West Credit Union for the entire length of term of the mortgage, and if you break, transfer out or close the mortgage to another financial institution before the end of the mortgage term, you agree to repay the whole amount of the Cashback to First West Credit Union, subject to prepayment rights referenced in our Standard MortgageTerms.
This Offer cannot be combined with any other offer provided by First West Credit Union unless the combination is approved in writing by First West Credit Union.
You are responsible for any tax consequences associated with the receipt of the Cashback.
All decisions of First West Credit Union with respect to the eligibility or the interpretation of these terms are final. The Offer may be revoked if you appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by First West Credit Union, in its sole discretion.
First West Credit Union may amend, terminate, withdraw, or suspend this Offer at anytime, and waive or amend any particular eligibility requirement or other term for aparticular borrower or borrowers, at any time, without notice, in its sole discretion.
Nothing in these terms shall be construed to obligate First West Credit Union to approve an application for a mortgage loan or to fund a mortgage loan.
Other terms and conditions for the mortgage may apply.

BANK

BORROW

INSURE

INVEST

BUSINESS

Tools & Calculators

Money Advice

I want to...

BOOST YOUR (CASH) FLOW

Tools & Calculators

Money Advice

I want to...

GET UP TO $3,500 CASH BACK†

Contact us

Insurance Advice

I want to...

PLANNING & ADVICE

Tools & Calculators

Wealth Advice

I want to...

winwin EarthLink™ GIC

Business Services

Business Advice

I want to...

BUSINESS EXPENSES

Get up to $3,500 cash back† with your mortgage

​Rates are subject to change without notice and are available on approved credit. Terms and conditions may apply.

​​How much cash will I get?

Your mortgage:

$150,000 - $499,999

Your cashback:

$1,000

Your mortgage:

$500,000 - $749,999

​​Your cashback:

$2,500

Your mortgage:

$750,000 - $949,999

Your cashback:

$3,000

Your mortgage:

$950,000+​

Your cashback:

$3,500

Step 1

Step 2

Step 3

Contact our Member Advice Centre at 1-888-597-1083, visit us in branch, or apply online.

What you'll need if you're switching your mortgage to Island Savings

Speak to an advisor

​Be mortgage-free faster

When to Consider Switching Your Mortgage

How To Save For Your Downpayment

† Mortgage Cashback Offer - terms and conditions

WE'RE HERE FOR YOU

PERSONAL

BUSINESS

ABOUT US

GET UP TO $3,500 CASH BACK^†

Get up to $3,500 cash back^† with your mortgage

Rates are subject to change without notice and are available on approved credit. Terms and conditions may apply.

How much cash will I get?

Your cashback:

$950,000+

Be mortgage-free faster