A home for your firsts

Buying a home is one of the biggest purchases you'll ever make – and you want to do it right. 

Whether you're buying your first house, upgrading, or investing, our mortgage solutions are designed to guide you every step of the way — with clarity, care, and confidence.

Grow in a space of your own with a Scotiabank mortgage

Competitive rates

50% off processing fee

No payments for up to 2 months*

Contact us
Can you afford it?
Mortgage checklist
Rates & Fees
Find an appraiser
Consider Insurance

Features:

  • Buy a new home as low as 5% down payment (subject to credit risk policy)
  • Up to 30 years of amortization
  • Penalty free prepayment
  • Automatic Withdrawals from a deposit account to make payments
  • Bi-weekly Mortgage Option – payments every 14 days
  • Optional credit life protection insurance available 

Benefits:

  • Customers can borrow up to 95% of the mortgage value
  • Lower monthly payment to fit customer’s budget
  • Reduce interest costs by prepaying a percentage of the balance of the mortgage every year without a penalty.
  • Convenience and sense of security
  • Payment plan to suite customer’s budget and lifestyle
  • Mortgage will be paid off in the event of customers death.

Let’s make your dream a reality

Explore our step-by-step guides to securing your home with ease

PHASE 1: Pre-Qualification

 

 

  • Initial consultation
    Speak with a Loans Officer to assess your eligibility.

  • Pre-qualification letter
    Use this to begin house hunting with confidence.

PHASE 2: Application submission

 

 

  • Document collection
    Submit proof of income, ID, and property details.
  • Processing begins
  • Valuation report (Bank requested)
  • Surveyor’s report (Client requested)
  • Verification & adjudication
    → Final Approval

PHASE 3:  Legal preparation

 

 

  • Legal document drafting
  • Signing appointment
  • Funding preparation
  • Letter of undertaking
    Sent to vendor’s Lawyer outlining disbursement terms.

PHASE 4:  Finalization & disbursement

 

 

  • Title transfer & bank interest
    Vendor’s attorney submits documents to National Land Agency.
  • Loan disbursement
    You become the proud owner of your new home!

Learn more about the mortgage process

Consider credit protection for your home

Give yourself peace of mind 

Credit Protection for residential mortgages protects your family from having to change the way they live at a time when they need comfort and stability the most.

Apply now
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Speak with a mortgage advisor

Our mortgage experts are dedicated to helping our customers choose the right solution for owning their home. Speak with an advisor now or contact your personal banking officer

Make an appointment to visit a branch

We have mortgage specialists available by phone or at  our Head Office - Scotiabank Centre, Cnr Duke and Port Royal Street, Kingston -  or any other location of your choice