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Get up to $3,000 cash back when you switch your mortgage to Coastal Community

 
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CASHBACK MORTGAGE OFFER
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For a limited time, get up to $3,000 cash back

Now is the best time to switch your mortgage to Coastal Community

  • Earn up to $3,000 cash back
  • Apply online, in-branch, or connect with one of our mobile mortgage specialists
  • Local decision making means we’ll work with you for your unique needs
  • Competitive rates

Get started with a mortgage your way

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Apply Online

Complete your digital mortgage application with Coastal Community.

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Work with a mobile advisor

Have a mobile mortgage manager visit you at your home or place of business.

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Apply in branch

Book an appointment online for the branch of your choice.

Our featured rates

5 Year Fixed* (insured)

4.140%

5 Year Fixed* (uninsured)

4.540%

5 Year Variable* (insured)

5.190%

*Rates are subject to change without notice. Interest rates are per annum. Terms and conditions apply. In the event of a discrepancy between the rates posted on this website and the official rates posted in our branches, the latter shall prevail.

The Coastal Community Credit Union (“CCCU”) Mortgage Cash Back Offer (“Cash Back Offer”) For a Limited Time get up to $3,000 Cash Back on Eligible mortgages when you obtain a new personal mortgage loan (“Mortgage”) from CCCU on the purchase of a new residential property or when you move your existing residential Mortgage to CCCU from another financial institution.

The following additional conditions apply to the CCCU Cash Back Offer:
  1. The CCCU Cash Back Offer is only available to members of CCCU who open or already have a CCCU Canadian dollar personal chequing or savings account from which CCCU will debit Mortgage payments.
  2. Each borrower of the Mortgage must be an individual and be not less than 19 years of age.
  3. Mortgage approval is subject to CCCU lending criteria including additional terms or requirements typical for residential mortgages. The Borrower may be required to pay the costs of an appraisal.
  4. CCCU shall be entitled to charge any and all standard mortgage fees.
  5. The Mortgage must be fully funded by CCCU within 120 days of the Mortgage application date. The application must be dated June 3, 2024 or later.
  6. CCCU will credit the Cash Back to the borrower’s CCCU Chequing or Savings Account, within 5 business days of funding the Mortgage provided that all conditions are satisfied. Where more than one (1) person comprises the borrower under the Mortgage, the borrowers must have a joint account and CCCU will credit the Cash Back to the joint account. If the Mortgage is not funded, no Cash Back is payable.
  7. The Cash Back Offer does not apply to CCCU members renewing or refinancing an existing CCCU Mortgage or assuming or porting the terms of an existing CCCU mortgage. Blend and increase or blend and extend are excluded. Construction mortgages are also excluded.
  8. Where any of the following occurs prior to the end of the fixed term of the Mortgage, the borrower acknowledges to and agrees with CCCU that some or all the amount of the Cash Back must be immediately repaid by the borrower to CCCU (the “Returned Cash Back”) and CCCU shall be entitled to add the applicable amount of the Returned Cash Back to the unpaid balance of the Mortgage:(a) the borrower pays out in full or discharges the Mortgage (b) the borrower transfers the Mortgage to another financial institution (c) CCCU makes a demand and commences foreclosure proceedings in connection with the Mortgage.
  9. Only one (1) Cash Back shall be available for a particular property.
  10. CCCU may withdraw, suspend or terminate the Cash Back Offer at any time.
  11. CCCU may, in its sole discretion, waive or amend any particular eligibility requirement or other term for a particular borrower or borrowers, at any time, without notice.
  12. CCCU reserves the right to refuse or terminate a member’s participation in the Cash Back Offer where CCCU suspects, believes or discovers that the member is abusing the proper and intended operation of the Cash Back Offer program.
  13. Nothing herein shall in any way obligate CCCU to approve an application for a Mortgage or to fund a Mortgage.
  14. The Cash Back Offer cannot be combined with any other offer provided by CCCU unless approved in writing by CCCU.
  15. If a borrower is not presently a member of CCCU, the Borrower may become a member subject to the regular membership requirements.


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  1. The CCCU Cash Back Offer may be changed or withdrawn at any time without notice.
  2. Cash Back Amount: $500.00 for mortgages between $100,000.00 and $249,999.99; $1,000.00 for mortgages between $250,000.00 and $449,999.99; $1,500.00 for mortgages between $450,000.00 and $749,999.99; $2,500.00 for mortgages equal to or greater than $750,000.00 and $999,999.99; $3,000 for mortgages equal to or greater than $1,000,000.00.
  3. Eligible Mortgage requirements: a residential property or a Residential Revenue Property (a property used exclusively for residential purposes containing not more than 4 residential units); the Mortgage amount must not be less than $150,000 CDN; the mortgage must be for a fixed term of not less than three years; the mortgage loan must be either a first mortgage or a second mortgage ranking behind an existing CCCU first mortgage; Mortgages ineligible for the Cash Back Offer include: commercial loans or mortgages; mortgages sourced, arranged or facilitated by or through the Broker Channel; third or later mortgages; a second mortgage ranking in priority behind a first mortgage in favour of a lender other than CCCU; mortgages with open repayment terms; mortgages securing a line of credit (e.g., Primeline); construction mortgages. All decisions of CCCU as to whether a Mortgage is eligible for the Cash Back Offer are final.
  4. The applicable amount of the Returned Cash Back is the unamortized portion of the Cash Back Amount (the “Unamortized Portion of the Cash Back Amount”) calculated as follows: the number of months from the prepayment date of the Mortgage to the end of the fixed term of the Mortgage divided by the number of months from the Interest Adjustment Date as shown in the Mortgage to the end of the fixed term of the Mortgage, multiplied by the Cash Back Amount
  5. The applicable amount of the Returned Cash Back is the Unamortized Portion of the Cash Back Amount as per footnote #4, above
  6. The applicable amount of the Returned Cash Back is the full Cash Back Amount