Our Mortgages

Buying a new home is exciting, but at Biggar & District Credit Union we understand that it can also be confusing, and a little bit overwhelming. If you are like most of our members you are asking yourself lots of questions. Can I afford it? What kind of mortgage is best for me? What else do I need to know?

Because we understand, we offer you solid mortgage products and most importantly, people who can help you answer all those questions and help you make sense of it all.

Can I afford it? … Ask yourself:

  • Do I have the necessary financial management skills?
  • How financially stable am I?
  • Am I ready to take on the responsibility of all the costs involved in homeownership, including mortgage payments, repairs, and maintenance?
  • Am I able to devote the time required for home maintenance?

How much can I afford?

The first rule is you cannot have your monthly housing costs more than 32% of your gross monthly earnings. Your calculation for total monthly housing costs need to include your monthly mortgage payment (principal and interest), taxes, utilities and insurance.

Secondly, your entire monthly debt load should not be more than 40% of your monthly gross earnings.

Do you have cash set aside for additional costs associated with purchasing a house? These costs include home inspection fees, property insurance, hookup fees and lawyer fees.

The minimum down payment is 5% (CMHC/Genworth mortgage)

What are my options?

Biggar & District Credit Union Conventional Mortgage

High Ratio Mortgage


 Talk to one of our specialists … we’re here to help

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Donna Robillard

Member Account Manager Biggar Branch 306-948-3539

e-mail Donna   

Ian Hawkins

Member Account Manager Biggar Branch 306-948-3541

e-mail Ian

Zach Wourms

Member Account Manager Biggar Branch  306-948-3550

e-mail Zach

Adam Johb

Business Development Manager Perdue Branch  306-237-9200

e-mail Adam

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