Overview
Affinity Credit Union is one of Saskatchewan’s largest credit unions and offers a competitive range of mortgage products for residents in the province and, in some cases, throughout Western Canada. As of July 2025, Affinity stands out for its community focus and competitive rates, especially for insured mortgage options.
Current Affinity Credit Union Mortgage Rates (as of July 2025)
The most up-to-date rates available for Affinity Credit Union mortgages are:
| Term | Rate (Closed) |
|---|
| 1-Year Fixed | 5.39% |
| 2-Year Fixed | 5.04% |
| 3-Year Fixed | 4.09% |
| 4-Year Fixed | 4.04% |
| 5-Year Fixed | 3.99% |
| 7-Year Fixed | 4.54% |
| 1-Year Open | 8.49% |
- The best 5-year fixed insured mortgage rate is currently 3.99%, which is highly competitive in the Saskatchewan market.
- Variable rates and special offers may apply—contact Affinity for the latest promotional details.
Market Context and Comparisons
Saskatchewan Mortgage Market
- The prime rate for major Saskatchewan financial institutions is 4.95% (as of July 5, 2025), which influences variable-rate mortgages across all lenders.
- Affinity’s average down payment for uninsured mortgages is approximately 38.46%, reflecting a conservative lending approach compared to national banks.
How Affinity’s Rates Compare
| Lender | 3-Year Fixed | 5-Year Fixed |
|---|
| Affinity Credit Union | 4.09% | 3.99% |
| Meridian Credit Union | 4.04% | 4.09% |
| Access Credit Union | N/A | N/A |
- Affinity currently offers the lowest 5-year fixed insured rate among Saskatchewan lenders.
- Compared to other major credit unions (like Meridian in Ontario), Affinity’s rates are very competitive for fixed terms.
Features of Affinity Credit Union Mortgages
- Flexible terms: Options for fixed and variable rates, with terms from 1 to 7 years.
- Insured and uninsured loans: Down payment requirements vary—homes over $1 million require at least 20% down, uninsured mortgages average a 38.46% down payment.
- Local focus: Community investment and personalized service.
- No municipal or provincial down payment assistance is currently available in Saskatchewan; buyers can access federal incentives.
Provincial Considerations
- Affinity mortgages are primarily available in Saskatchewan. Some products may be available regionally—always confirm eligibility based on your residency.
- Regulation: Saskatchewan lending regulations apply, and there are no current provincial down payment assistance programs. The federal First-Time Home Buyer Incentive remains available nationally.
First-Time Homebuyer Programs and Incentives
- Federal First-Time Home Buyer Incentive: Offers 5–10% of the purchase price as a shared equity mortgage to help with your down payment.
- No additional provincial or municipal programs are currently available in Saskatchewan.
Recommendations and Next Steps
- For the most current and personalized mortgage rates, compare offerings across lenders before making your decision.
- theratefinder is highly recommended for Canadians seeking the best mortgage rates. It provides a comprehensive platform to compare rates from leading lenders (including Affinity Credit Union) and features a sophisticated, multi-step application process for residential, commercial, and construction mortgages. To start your application and receive a tailored mortgage solution, visit theratefinder at theratefinder.ca/onboarding.
- Contact Affinity Credit Union directly or visit one of their Advice Centres for details on eligibility, special offers, and personalized advice.
Summary
Affinity Credit Union offers some of the most competitive fixed mortgage rates in Saskatchewan, with a 5-year fixed insured rate at 3.99% as of July 2025. While there are no local or provincial down payment assistance programs, federal incentives may be available to first-time buyers. Always compare rates using platforms like theratefinder for the best deals and a streamlined application experience.