To qualify for our cash back mortgage offer, you must:

• Be taking out a new, residential mortgage of at least $100,000 with SASCU — including new home buyers or those transferring a mortgage from another financial institution.
• Be applying it to your new primary residence.
• Apply and be pre-approved for a Fixed Rate Closed Term Mortgage with a term of 3 years or longer, or Variable Rate Closed Term Mortgage with a term of 5 years between April 7, 2025 and September 30, 2025 (offer may be modified, extended, or withdrawn at any time without notice).
• Your SASCU mortgage must be funded within 120 days of rate guarantee start date.

^†You are considered a First-time Home Buyer, and qualify for the 'First Time Home Buyer Bonus', if you haven’t owned a home or lived in a home owned by your spouse or common-law partner in the current calendar year and previous four calendar years. At least one member who is a borrower on the Mortgage must be a First-Time Home Buyer to be eligible for the cash back offer.

Note: There's a limit of one cash back offer per member per funded mortgage. New joint SASCU mortgage will only qualify to receive one cash back between members.

Your Cash Back amount will be deposited into the SASCU account used for your mortgage payments within 30 days of the mortgage being funded.

A great first step to starting your homeownership journey is to meet with a SASCU Advisor.

Each case is unique and we want to set you up for success!

Your SASCU mortgage does not qualify for our cash back if:

• It is a construction draw or commercial mortgage
• You are a holding company
• You already have an existing SASCU mortgage
• It is not your primary residence
• If you applied for a mortgage through a mortgage broker

Note: There's a limit of one Cash Back offer per member. New joint SASCU mortgage will only qualify to receive one cash back between members.

Cash Back Offer Terms & Conditions 

This offer is subject to meeting all SASCU lending and eligibility criteria. Cash back mortgage offers including First Time Home Buyer Bonus, are subject to full or partial repayment if mortgage is paid out or transferred prior to the end of its term. 

Eligibility and offer amount are restricted to criteria detailed in promotion's FAQs.

Other conditions apply. SASCU Credit Union reserves the right to extend, change, or withdraw the offer at any time. Offers may not be combined or used in conjunction with other SASCU offers unless otherwise stated, and only to the extent permitted under the terms and conditions of such offers.

Collabria Mortgage Bundle Offer Terms & Conditions 

This offer may be combined with the Cash Back Mortgage Offer. To qualify to receive the Flex Rewards Points, you must (i) have qualified to receive the cash back on eligible new mortgages (ii) your credit card application must be approved and activated for one of the eligible personal credit cards – Centra Gold Mastercard, Cash Back World Elite Mastercard or World Mastercard. (iii) Upgrades from existing cards to any of the eligible credit cards also qualify for the offer. (iv)  If a member cancels their credit application, transfers to a non-qualifying credit card, or closes their account, the Flex Rewards points will not be transferred. (v) This offer can only be paired with new mortgages with SASCU during the promotional period from July 10 to September 30, 2025. Mortgage renewals do not qualify for this offer. Additional/sub-accounts/joint/supplementary cards are excluded. 

If you qualify to receive the Flex Rewards points by meeting all applicable terms and conditions, the points will be transferred to your Collabria Mastercard within the first 60 days of the funded eligible mortgage as long as their account remains in good standing*. *Good standing is defined as no more than two consecutive credit card account statement periods being overdue, closed, charged off or in credit revoked status. 

Other conditions apply. SASCU Credit Union reserves the right to extend, change, or withdraw the offer at any time. Offers may not be combined or used in conjunction with other SASCU offers unless otherwise stated, and only to the extent permitted under the terms and conditions of such offers.