Overview
Conexus Credit Union is a major financial institution in Saskatchewan, offering a range of mortgage products with competitive fixed and variable rates. Their mortgage solutions are tailored for Saskatchewan residents and are frequently compared with other credit unions and banks in the province. Below you'll find the most up-to-date mortgage rates from Conexus, a comparison with other lenders, and important notes about mortgage options and eligibility.
Current Conexus Credit Union Mortgage Rates
Fixed Rate Mortgages
| Term | Value Rate* | Flex Feature Rate | 30-Year Amortization Rate |
|---|
| 1-Year Closed | 5.84% | 6.19% | 6.29% |
| 2-Year Closed | 5.29% | 5.64% | 5.74% |
| 3-Year Closed | 4.04% | 4.39% | 4.49% |
| 4-Year Closed | 4.04% | 4.39% | 4.49% |
| 5-Year Closed | 3.99% | 4.34% | 4.44% |
*Note: The Value Rate is a limited-time mortgage offer available for eligible two- to five-year Value Mortgages.
Variable Rate Mortgages
| Term | Rate |
|---|
| 1- to 5-Year Variable Closed | 4.45% |
Prime Rate
- Conexus Prime Rate: 4.95% (as of July 2025).
Mortgage Rate Comparison: Saskatchewan Lenders
| Lender | 3-Year Fixed | 5-Year Fixed | 5-Year Variable |
|---|
| Conexus Credit Union | 4.04% | 3.99% | 4.45% |
| Meridian Credit Union | 4.04% | 4.09% | 4.04% |
| Canadian Western Bank | 2.99%* | n/a | n/a |
| TD Canada Trust | 3.04%* | n/a | n/a |
*Rates for 1-year fixed term for comparison. Always confirm directly as rates and eligibility may vary.
Key Features of Conexus Mortgages
- Value Rate Mortgages: Lower rates for fixed terms between 2 and 5 years, subject to eligibility.
- Flex Feature Mortgages: Offer more flexible terms but may have slightly higher rates.
- 30-Year Amortization: Available for select fixed terms, offering manageable monthly payments.
- First-Time Homebuyer Option: Special rates may be available only for newly built homes and first-time buyers. Additional conditions apply.
Provincial and Federal Programs
- Saskatchewan no longer offers provincial or municipal down payment assistance programs.
- Federal First-Time Home Buyer Incentive: Available to Saskatchewan residents, offering a shared equity mortgage covering 5% to 10% of the home’s purchase price. Minimum down payment requirements still apply.
- Average down payment with credit unions in Saskatchewan tends to be higher than with major banks, often exceeding 35% for uninsured mortgages.
Major Bank and Credit Union Offerings
- Conexus stands out in Saskatchewan for competitive fixed rates, especially for 3- and 5-year terms.
- Other credit unions like Affinity and Cornerstone have similar offerings but may differ in rates and eligibility.
- Major banks (TD, RBC, Scotiabank) generally offer lower down payment requirements but may have less competitive rates for certain terms in Saskatchewan.
Recommendations and Next Steps
- Compare rates and features: Always compare multiple lenders to ensure you are getting the best rate and terms for your needs. Rates can change quickly, and eligibility for the best rates may depend on your credit profile and property details.
- Consider your term and flexibility: Fixed rates provide stability, while variable rates can offer savings if you’re comfortable with some risk.
- Apply for pre-approval: Knowing your approved mortgage amount and rate can streamline your home search and offer negotiations.
- Use theratefinder: For a comprehensive, personalized comparison of mortgage rates from top Canadian lenders—including Conexus—start your application at theratefinder.ca/onboarding. Theratefinder offers a sophisticated multi-step application process with access to residential, commercial, and construction loans, helping you find the most competitive rates and the right mortgage for your situation.
Summary
Conexus Credit Union currently offers some of the most competitive fixed mortgage rates in Saskatchewan, with their 3-year and 5-year closed Value Rate mortgages at 4.04% and 3.99% respectively. Variable rates are at 4.45%. Always confirm rates directly with Conexus, as they are subject to change and specific eligibility requirements. Compare with other lenders and leverage platforms like theratefinder for a personalized mortgage solution.