Rate First Mortgage
Here’s our lowest rate. So you can start living in your new home with the ATB Rate First Mortgage.
Key product details
| Term | 5 years only, closed fixed-rate |
| Max amortization | 25 years for high ratio and conventional mortgages |
| Interest rate | High ratio closed fixed rate: 3.99% Conventional close fixed rate: 4.39% |
| Rate guarantee | 120 days |
| Minimum downpayment | High ratio mortgages*: 5-20% Conventional mortgages: >20% |
| Payment options | Choose from monthly, semi-monthly, bi-weekly or weekly payments |
| Prepayment options | Principal prepayments of up to 10% of the original mortgage amount per year Increase regular payments by up to 10% per year |
Do you have questions about buying a home?
We’ll take you through what you need to know and do when buying a home in Alberta.
Frequently asked questions
You may increase your current payment up to a maximum of 10% per year, based on your current payment.
The ATB Rate First Mortgage allows for principal prepayments of up to 10% of the original mortgage balance per year. If you go over this amount a prepayment penalty is accrued.
Contact us to learn more about mortgages with 20% prepayment options.
5 years.
No. The Rate First Mortgage is available as a new mortgage on Alberta properties only.
Yes, you can renew into a Rate First mortgage upon renewal of an existing ATB mortgage. Alternatively, if you currently have a Rate First mortgage, you can choose to renew out of it. Please reach out to us for more information. We have renewal specialists who can help you review applicable changes such as terms available, prepayment limits, skip a payment feature, loan protection coverage and so much more.
It certainly may be the best time to buy. If you’ve saved enough and found your desired neighbourhood, then you’re well on your way to buying a new home with the ATB Rate First Mortgage.
Yes, the ATB Rate First Mortgage offers our lowest rate possible on a new mortgage. It makes it the best time to become a first-time buyer in Alberta.
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First-time Home Buyers
No home-buying experience? No problem.
You're ready to buy your first home, and we're here to make it as simple, straightforward and affordable as possible.
Next Home Buyers
You know what you’re doing. We’re here to help.
Whether you're buying a second home, a vacation home or a rental property, we can help you understand your financing options.
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Mortgage rates
Explore the rates for different mortgage types, so you can have a better idea of the right mortgage for you.
*A high ratio mortgage includes mortgage default insurance. In Canada, it’s mandatory to purchase mortgage default insurance if you’re putting down less than 20% toward the purchase of your home (between 5% and 19.99%). The high ratio rate is only available on insured mortgages for residential property valued at under $1,000,000, for clients who have put less than 20% down, and are eligible for (and purchase) mortgage default insurance, as well as meet other conditions.