Desjardins is a major Canadian financial cooperative based in Quebec with a strong presence in Ontario. They offer mortgages through their caisse network and financial centres, supporting both first-time home buyers and experienced property owners .
Mortgage Products Available
- Fixed-rate mortgages (open and closed terms from 6 months to 10 years)
- Variable-rate mortgages, including reduced-rate and protected plans
- Annually adjustable rate mortgages (reset annually based on one-year rates)
- Hybrid (‘multi-tranche’) mortgages for flexible structuring
- High-ratio insured (through CMHC/Sagen) and conventional loans
- Home equity line of credit (Versatile Line of Credit / HELOC)
Ideal Clients & Use Cases
- First-time and repeat home buyers seeking insured or prime mortgage options
- Those wanting payment flexibility—open terms, accelerated schedules, annual lump payments
- Risk-tolerant borrowers considering variable-rate or annually adjustable mortgages
- Co-buyers or mixed income borrowers using hybrid mortgage structures
- Homeowners needing equity access via HELOC for renovation, investment, or emergencies
Advantages of Desjardins Mortgages
- A comprehensive range of mortgage types and term options
- Prepayment privileges: up to 15 % per year + double-payment increases without penalties
- Protection features: maximum rate ceiling on variable plans
- Penalty refunds available when renewing within 90 days of sale
- Strong support through local caisses, online tools, and financial planning services
- The “Versatile Line of Credit” HELOC supports flexible equity access
Things to Keep in Mind
- Mortgages must be arranged in person or over the phone through a caisse or centre—broker access is not universal across provinces
- Variable or adjustable plans carry interest-rate risks and may require careful planning
- HELOCs are subject to combined-equity limits tied to total lending ratios
- Desjardins’s unique features may differ slightly depending on provincial regulations
Is Desjardins Right for You?
Desjardins is ideal if you want a wide choice of mortgage structures and a cooperative banking experience with strong local support. Their flexible payment and equity-access features benefit borrowers with variable income, renovation plans, or those seeking renewal savings.
How We Can Help
We can help you evaluate Desjardins mortgage options alongside other lender offerings, ensuring you secure the right fit. Whether you’re buying, refinancing, or renewing:
- Apply online here
- Contact us for tailored advice
