Residential Mortgage
ATB's Residential Mortgage offers fixed and variable terms, customizable payment options, prepayment privileges, and the ability to increase regular payments, putting you in control of your homeownership journey.
Our most flexible mortgage to help you meet your home buying goals
Key product details
| Term | Options from 6 months to 7 years |
| Max amortization | 25-30 years for high ratio and conventional mortgages1 |
| Interest rate | Closed and variable rate options |
| Rate guarantee | 120 days |
| Minimum downpayment | High ratio mortgages2: 5-20% Conventional mortgages: >20% |
| Payment options | Choose from monthly, semi-monthly, bi-weekly or weekly payments |
| Prepayment options | Principal prepayments of up to 20% of the original mortgage amount per year at any time Increase regular payments by up to 20% per year at any time |
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 20% per year, based on your current payment.
The ATB Residential Mortgage allows for principal prepayments of up to 20% of the original mortgage balance per year. You can make this prepayment every year.
Various term options are available from 6 months to 7 years.
It depends. This type of purchase has certain criteria that has to be met including the out-of-province being British Columbia, Saskatchewan and Manitoba only. Connect with a Mortgage Specialist to learn more about qualifying.
Yes, if you renew your ATB mortgage, you can choose a Residential Mortgage.
Get started with our Residential Mortgage
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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.
Inform your mortgage shopping
Mortgage rates
Explore the rates for different mortgage types, so you can have a better idea of the right mortgage for you.
30 year amortization is only available for a first time home buyer who is purchasing a newly constructed home. For more information about criteria, visit the Government of Canada website or connect with a mortgage specialist.
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.