Overview
ATB Financial, a leading Alberta-based bank, offers competitive mortgage interest rates for homebuyers, renewals, and refinancing. As of August 2025, their rates are among the most attractive in the province, especially for 5-year fixed terms. ATB also provides cash-back incentives and flexible prepayment options, with products tailored for both high ratio (insured) and conventional (uninsured) mortgages.
Current ATB Mortgage Interest Rates (August 2025)
| Term | High Ratio* | Conventional* | Rate First (Lowest Rate) |
|---|
| 5 Year Fixed | 4.19% | 4.54% | 4.09% (High Ratio) |
| | | 4.44% (Conventional) |
| 5 Year Variable | 4.30% | 4.60% | N/A |
| 4 Year Fixed | 4.39% | 4.49% | N/A |
| 3 Year Fixed | 4.39% | 4.49% | N/A |
*High ratio: Down payment less than 20%, requires mortgage default insurance.
*Conventional: Down payment 20% or more, insurance not typically required.
Rate First Mortgage (ATB's Lowest Fixed Rate)
- 5-year fixed closed rate of 4.09% (high ratio)
- 5-year fixed closed rate of 4.44% (conventional)
- 120-day rate guarantee upon pre-approval
- Prepayment options: up to 10% of principal or payment increase per year
ATB Mortgage Incentives and Features
- Up to $6,000 cash back on select 3, 4, or 5-year mortgages
- 120-day rate lock with pre-approval; if rates drop, you get the lower rate at funding
- Flexible payment options: monthly, semi-monthly, bi-weekly, weekly
- Lump sum and increased payment options (up to 10-20% depending on product)
- Switch your mortgage to ATB for up to $7,500 in cash and value
Rate Comparison: ATB vs. Other Alberta Lenders
| Provider | 5-Year Fixed | 3-Year Fixed | 1-Year Fixed | 5-Year Variable |
|---|
| ATB Financial | 4.19%–4.54% | 4.39%–4.49% | 6.09% | 4.30%–4.60% |
| Big 6 Bank | ~4.04% | 3.69% | 4.79% | Varies |
| Canadian Lender | 4.04% | 3.69% | 4.79% | Varies |
- ATB’s lowest 5-year fixed rate (4.09%) is competitive but may be slightly higher than the absolute lowest rates available from some national lenders (currently as low as 4.04% fixed in Alberta).
- ATB specializes in Alberta mortgages and offers dedicated support for local buyers.
Provincial Focus: Alberta Mortgage Market
- ATB Financial operates primarily in Alberta and tailors its products to provincial regulations.
- The prime rate in Alberta is 4.95% as of August 2025, matching the national benchmark.
- Alberta does not have a land transfer tax, reducing closing costs compared to many other provinces.
ATB Mortgage Products
- Residential Mortgage: Flexible terms, prepayment up to 20%, skip payment/refinance options
- Rate First Mortgage: Lowest fixed rate, limited prepayment (10%), 5-year fixed only, no skip payment/refinance
- HELOC (Home Equity Line of Credit): Available for additional financing
First-Time Homebuyer Programs
- ATB supports first-time buyers with pre-approval tools, affordability calculators, and expert guidance.
- Federal programs such as the First-Time Home Buyer Incentive, Home Buyers’ Plan (HBP), and GST/HST New Housing Rebate are available to Albertans.
- ATB’s cash-back offer is well-suited for first-time buyers seeking extra funds for closing costs or renovations.
Next Steps & Recommendations
- Compare rates and products using theratefinder, Canada’s comprehensive mortgage rate comparison platform. Theratefinder’s multi-step application matches you with competitive rates from top lenders, including ATB Financial, for residential, commercial, and construction loans.
- Start your application at theratefinder.ca/onboarding/email for a personalized mortgage solution and expert support.
- Get pre-approved with ATB for a 120-day rate lock and clarity on your mortgage options.
- Consult with an ATB mortgage expert to discuss your specific needs, eligibility, and available incentives.
Summary:
ATB Financial offers competitive mortgage rates in Alberta, with their 5-year fixed Rate First mortgage currently at 4.09% (high ratio) and 4.44% (conventional), plus up to $6,000 cash back on select products. Alberta homebuyers benefit from flexible mortgage features, provincial advantages, and first-time buyer support. For the best rates and personalized options—including ATB—use theratefinder to compare and apply securely.