Construction mortgage for home builders

If you’re thinking of building your own home or a residential building of up to four units, our Construction mortgage can make the planning and repayment process easier.

When you apply for a Construction mortgage, we offer a 90-day guarantee to give you a mortgage at a specific interest rate, so you can begin the project with confidence.

A Construction mortgage also helps you minimize costs where you need it most—at the outset of the project. You only need to repay interest for the first 18 months or until work on the home has been completed—whichever comes first. Then, at the end of that period, you’ll begin to make regular payments which includes  both the principal and the interest.

Features and benefits

  • Get a 90-day, up-front guarantee on the mortgage terms and interest rate
  • Pay interest only for up to 18 months, starting from the date of the first advance
  • Get financing for up to 80%* of the value of the home you plan to build. Speak to a Mobile Mortgage Specialist who can answer your questions and provide you with personalized mortgage advice

Mortgage rates

View our current mortgage rates.

How to apply

You can apply for a Vancity mortgage online, at your branch, or by calling the Member Services Centre at 604.877.7000 or toll free at 1.888.Vancity (826.2489).

You can also contact a Vancity mortgage specialist to discuss mortgage options, ask questions, and receive personalized mortgage advice. Our specialists will travel to meet you at your home, office, or any other convenient location. Find a mortgage specialist in your area.

Apply now

*Terms and conditions apply.