Trusted mortgage services
Your Chilliwack mortgage broker
More home for your money in the eastern Fraser Valley. We compare over 50 lenders to find the mortgage that fits.
- 5-yr fixed
- 4.89%
- 5-yr variable
- 3.70%
Updated Oct 25 · on approved credit · Compare to bank rates
Chilliwack mortgages for first homes, family homes and rural properties
Chilliwack draws buyers from across the Lower Mainland who want more space for their budget. You'll find newer subdivisions in Sardis, Vedder Crossing, Promontory and Garrison Crossing, older homes closer to downtown, and rural properties out in Rosedale, Yarrow, Greendale and Ryder Lake.
Whether you are moving out from Metro Vancouver, buying your first home or trading up, we compare banks, credit unions and specialist lenders, explain the options clearly and handle the paperwork through to closing.
What Chilliwack buyers ask us about
First-time buyers
First-time buyers can combine a First Home Savings Account with the RRSP Home Buyers' Plan for a bigger down payment, and may qualify for a 30-year amortization on an insured mortgage.
Manufactured homes
Manufactured and modular homes are common around Chilliwack. On land you own, many lenders treat them much like any other home. In a park on a rented pad, fewer lenders will finance them, so ask us before you make an offer.
Moving from the city
Selling in Metro Vancouver and buying here? Once your sale is firm, bridge financing can cover the gap when your purchase closes before your sale does.
How it works
Your Chilliwack mortgage in 3 steps
We do the shopping, you get the keys
Schedule a consultation- Step 1: Easily apply online in 5 minutesWith some simple questions, we build your profile and match you with mortgages that fit it. No cost to you for most mortgages, and no obligation.
- Step 2: We compare 50+ lenders to find the right mortgage for youWe compare rates and features from 50+ lenders and give you transparent options. Your options side by side: rate, penalties and flexibility.
- Step 3: Approved, with human supportFrom approval to closing, you have an advisor who gives you clear, transparent advice about your mortgage. Nick stays with you from approval to keys.
Frequently asked questions
You have questions — we have answers!
Chilliwack mortgage questions
Can I buy in Chilliwack before I sell my current home?
Yes. If your sale is firm but closes after your purchase, bridge financing lends you the equity from your current home for the days or weeks in between. If your home isn't sold yet, we'll look at whether you can carry both mortgages for a while.
Do I need a special mortgage for a rural property?
Not always. Homes on a few acres with year-round access and a well and septic system that pass inspection can often get standard financing. Working farms and very large parcels usually need a lender that specializes in rural or agricultural lending.
How much should I budget for closing costs?
Plan on roughly 1.5% to 4% of the price for legal fees, property transfer tax, inspections, title insurance and adjustments, depending on the price and whether you qualify for a property transfer tax exemption. Our closing cost estimator breaks it down.
Can I get a mortgage on a manufactured home?
Often, yes. Many lenders and insurers finance a manufactured or modular home on a permanent foundation, on land you own, much like any other house, as long as its age and condition meet their standards. A home in a park on a rented pad is harder: fewer lenders will finance it, they look closely at the pad agreement and the park's rules, and they may want a larger down payment. Ask us before you make an offer.
How much can I use from an FHSA and my RRSP for a down payment?
With an FHSA you can contribute $8,000 a year, up to $40,000 in total, and withdraw it with any growth tax-free for your first home. Up to $8,000 of unused room carries forward to the next year. The RRSP Home Buyers' Plan lets you withdraw up to $60,000, which you repay over 15 years. You can use both for the same home, and partners each have their own limits. Our FHSA and HBP planner adds it up.
Today's rates
Our rates vs the banks'
We shop 50+ lenders, so the rate you're offered isn't limited to one bank's rate sheet. Updated Oct 25.
Apply for your mortgage in minutes
Everyone's rate is different. What's yours?
Our job is to find you a competitive rate and terms that fit. Your rate qualification depends on certain factors, such as credit score and home equity, as per Canadian regulations. Get your details fast — there's no cost and no obligation.
- Current variable mortgage rate
- 3.70%
- Current prime rate
- 4.45%
| Term | Bank posted | Our rates | Action |
|---|---|---|---|
| 6 Months | 5.54% | 5.09% | Get this rate: 6 Months |
| 1 year fixed | 5.49% | 4.79% | Get this rate: 1 year fixed |
| 2 year fixed | 5.39% | 4.59% | Get this rate: 2 year fixed |
| 3 year fixed | 6.05% | 4.69% | Get this rate: 3 year fixed |
| 4 year fixed | 5.99% | 4.84% | Get this rate: 4 year fixed |
| 5 year fixed | 6.19% | 4.89% | Get this rate: 5 year fixed |
| 7 year fixed | 6.40% | 5.09% | Get this rate: 7 year fixed |
| 10 year fixed | 6.80% | 5.09% | Get this rate: 10 year fixed |
| 5 year variable | No bank rate | 3.70% | Get this rate: 5 year variable |
Bank posted rates are the big banks' posted rates published by the Bank of Canada (1, 3 and 5 years) and by Dominion Lending Centres (other terms). Some conditions may apply. Rates may vary from province to province. Rates subject to change without notice. Rates change often and depend on your down payment, credit and property; on approved credit (O.A.C.). E.&O.E.
Contact us
Have a question about your mortgage?
Contact info
Call, email or send us a message. We negotiate with over 50 lenders to find the right mortgage for you.
- Our location525 W 8th Ave #800, Vancouver, BC V5Z 1C6
- Phone number778-838-8005
- Email addressinfo@coastalblue.ca