Mortgage Rates
| Term | Rate1 | APR2 |
|---|---|---|
| 6 Month Open3 | 9.150% | 9.400% |
| 1 Year Closed | 6.140% | 6.270% |
| 2 Year Closed | 5.940% | 6.000% |
| 3 Year Closed | 5.800% | 5.840% |
| 4 Year Closed | 5.740% | 5.770% |
| 5 Year Closed | 5.790% | 5.820% |
Funds must be advanced within 120 days of date of application. Rates may be changed, withdrawn or extended at any time, without notice. Residential mortgages are offered by VersaBank and are subject to its standard lending criteria. Some conditions apply.
1) Interest rate compounded half-yearly, not in advance. Interest rates are subject to change without notice at any time.
2) The annual percentage rate (APR) is based on a $ 250,000 mortgage for the applicable term assuming a processing fee of $300 (which includes fees associated with determining the value of the property). If there are no cost of borrowing charges, the APR and the interest rate will be the same.
3) 6 month Open option is available for mortgage renewals only.