Today’s Mortgage Rates updated as of October 13, 2025 10:05 pm
5-year fixed*
5-year Variable*
*Insured loans. Other conditions apply. Rate in effect as of today.
Military mortgages are specialized home financing options designed to meet the unique needs of Canadian Armed Forces (CAF) members, veterans, Department of National Defence (DND) personnel, and their families. These programs offer benefits such as flexible terms, competitive rates, and provisions accommodating the distinct challenges of military life, including frequent relocations and deployments.
Whether you’re a first-time homebuyer, refinancing, or renewing your mortgage, understanding current trends and available options helps you make informed financial decisions.
Mortgage brokers play a pivotal role in helping Canadians find tailored financing options, providing expert advice, and navigating the often complex mortgage market.
For more detailed information on mortgage types, costs, and rights, consult the Government of Canada – Financial Consumer Agency of Canada (FCAC).
Flexible Mortgage Terms: Tailored to accommodate the unique circumstances of military personnel, including frequent relocations.
Competitive Interest Rates: Access to exclusive rates often lower than standard offerings.
Prepayment Privileges: Options to make lump-sum payments without penalties, facilitating faster mortgage payoff.
Portability Options: Ability to transfer the mortgage to a new property without incurring penalties, essential for relocations.
Penalty Waivers for Relocation: Waived penalties for breaking the mortgage early due to official military postings.
Dedicated Support: Access to mortgage specialists experienced in serving military families.
Learn more about today’s best mortgage rates in Canada.
Active Duty Members: Regular force personnel and reservists.
Veterans: Individuals honorably discharged from service.
DND Employees: Civilian personnel employed by the Department of National Defence.
Military Families: Spouses and dependents of military members.
Note: Eligibility may vary by lender; consult with a mortgage specialist for specific requirements.
Financial Flexibility: Customized mortgage solutions that align with the unique financial situations of military personnel.
Cost Savings: Access to lower interest rates and reduced fees, leading to significant savings over the mortgage term.
Simplified Relocation: Mortgage terms designed to ease the financial burden during relocations, including penalty waivers.
Expert Guidance: Support from professionals knowledgeable about military benefits and housing programs.
How to Apply for a Military Mortgage
Consultation: Engage with a mortgage specialist experienced in military mortgage programs to discuss your needs.
Pre-Approval: Secure a mortgage pre-approval to understand your borrowing capacity and streamline the home-buying process.
Documentation: Prepare necessary documents, including proof of military service, income verification, and credit history.
Property Selection: Choose a property that fits your needs and aligns with the mortgage terms.
Final Approval and Closing: Complete the mortgage application process, finalize terms, and proceed to closing.
Additional Resources
Canadian Defence Community Banking (CDCB) Program: Offers tailored financial products and services for the defence community.
Mortgage Forces: Provides specialized mortgage solutions and benefits for military members and their families.
Department of National Defence: Offers information on relocation benefits and housing assistance for CAF members.
Using a mortgage broker that has access to some of the lowest mortgage rates in Canada, is key to ensure you have the best approval rate.
While 33% of non-homeowners believe they’ll never own*, our Citadel mortgage brokers are 100% confident they can make it happen. How? With our expert advice and guidance.
(5-years interest savings with Citadel Mortgages)**
(Interest savings with Citadel Mortgages)
(5-years interest savings with Citadel Mortgages)**
(Interest savings with Citadel Mortgages)
At Citadel Mortgages, we recognize how important it is to stay informed about changing mortgage interest rates. Whether you’re purchasing your first home, refinancing, or renewing your mortgage, we’re here to guide you through the process with solutions that suit your financial needs, even in fluctuating rate environments.
From fixed to variable rates, we offer tailored solutions that help you secure the most competitive interest rates for your situation.
Our team monitors the Canadian mortgage market to provide insights on current rates, helping you make informed decisions.
We focus on finding solutions, even if you’ve faced credit challenges or financial setbacks.
Income constraints shouldn’t hold you back. We specialize in making homeownership accessible for Canadians in various financial situations.
Enjoy a smooth experience with quick approvals and clear communication every step of the way.
Secure today’s interest rates to avoid surprises if rates increase before your mortgage closes.
Consolidate high-interest debt into a single, lower-interest mortgage payment, saving you money and simplifying your finances.
Choose flexible payment terms that fit your budget, whether you prefer the stability of a fixed rate or the potential savings of a variable rate.
Refinance your mortgage to tap into your home’s equity for renovations, debt consolidation, or investment opportunities.
A military mortgage is a home financing solution tailored to the unique needs of Canadian Armed Forces (CAF) members, veterans, Department of National Defence (DND) employees, and their families. These mortgages often include benefits such as competitive rates, flexible terms, and relocation support.
Eligibility typically includes:
Yes, depending on the lender, military mortgages may be used to finance second homes or investment properties. Check with your mortgage specialist for specific terms.
Yes, many lenders offer relocation-focused mortgages that waive penalties for breaking the mortgage early due to a transfer or deployment. These programs also often include portability to simplify the process of moving.
You’ll need:
Yes, military mortgage programs often extend benefits to spouses and dependents of CAF members, ensuring comprehensive support for families.
Relocation benefits typically include:
Yes, programs like the Canadian Defence Community Banking (CDCB) initiative offer exclusive financial products and services for the military community. Some lenders may also provide grants or subsidies to reduce costs.
Yes, refinancing options are available to help military members access equity, lower their interest rates, or consolidate debt. Speak with a mortgage specialist to explore your refinancing options.
Yes, military mortgage benefits can often be combined with first-time homebuyer incentives such as tax credits or down payment assistance.
Military mortgage programs are designed to support the unique financial needs of Canadian Armed Forces members, veterans, and their families. By offering flexible terms, competitive rates, and relocation assistance, these programs facilitate homeownership and financial stability for those who serve our country. Engaging with experienced mortgage specialists ensures access to the best options tailored to your specific circumstances.
We compare mortgage rates from top lenders, including BMO mortgage rates, CIBC mortgage rates, RBC mortgage rates, TD Bank Mortgage Rates, and MCAP mortgage rates, alongside our exclusive Citadel Smart Home Plan mortgage rates. Let us simplify the process and help you secure approval quickly and stress-free!
At Citadel Mortgages, we specialize in helping Canadians navigate the complexities of mortgage rates and terms. Whether you’re looking for a 6-month fixed rate, a 5-year variable, or something in between, our team is here to provide personalized guidance and access to the best rates in Canada.
At Citadel Mortgages, we pride ourselves on offering expert, client-focused mortgage solutions that stand out in the industry. Here’s why you should choose us:
Our mortgage brokers are licensed and certified across multiple provinces, providing exceptional advice and service tailored to your unique needs. Our mortgage brokers are committed to delivering the highest standards of professionalism and expertise.
Unlike traditional commission-based models, our mortgage agents are evaluated based on client satisfaction and the quality of their advice. This ensures that you receive impartial guidance on the best mortgage options for your situation.
Citadel Mortgages offers competitive rates that help you save money over the life of your mortgage. Our team works diligently to find the most favorable terms to suit your financial goals.
We are dedicated to transforming the mortgage industry by offering a transparent, seamless process. Our 100% digital platform ensures that you can manage your mortgage application from start to finish with ease and confidence.
At Citadel Mortgages, our mission is to provide a positive, empowering, and transparent property financing experience. We simplify the mortgage process to make it as straightforward and stress-free as possible.
For personalized advice and the best mortgage rates in Toronto, contact our licensed and knowledgeable mortgage experts at Citadel Mortgages.
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