The Mortgage Loan provides up to 95% financing on residential properties.



About This Loan

The Mortgage Loan offers members the opportunity to receive a maximum of up to 95% financing (with no NHT) or 90% financing (with NHT) on residential areas. The maximum repayment time for the loan is 30 years but can vary with the member's age. The interest rate for repayment is 8.49%. Gateway is currently having a special Mortgage Sale, where the interest rate is at 7.4%

What You Need To Know

Up To


in Available Funds

30 Years

To Repay

Up To

3 - 5 Working Days

Avg. Approval Time

As Low As


Interest Rate

Up To


Additional Information

Who is This Loan Primarily For?

Cornwall County residents wishing to purchase a home

Cornwall County residents wishing to construct a home on land purchased

Cornwall County tenants wishing to purchase a home for themselves

Cornwall County real estate investors wishing to add more property to their portfolio

Cornwall County startup real estate investors wishing to purchase their first property

Do I Need Collateral To Apply For This Loan?

No, the house will be used as collateral.

Minimum Amount Disbursed For This Loan?

No Minimum

What Are The Requirements To Apply For This Loan?

  • Copy of Registered Title

  • Signed Sales Agreement and Evidence of Deposit

  • Valuation Report not older than 2 years

  • Surveyor’s Report not older than 1 year

  • Verification of Income

  • Last 3 Months Pay Slips

  • Up-To-Date Property Tax Receipt

  • Proof of Age of Borrower & Co-Maker

  • Letter of Guarantor (where applicable)

  • NHT Referral Letter (where applicable

  • Discharge of Mortgage (where applicable)

  • Income and Expenditure statement and Cash Flow Projections (self employed)

Members who would need the loan for construction would need the following in order to qualify:

  • Approved Building Plan

  • Estimate for Work to be Done

  • Quantity Surveyor’s Report with Estimated Cost

  • Written Agreement with Contractor

  • Relevant Requirements Noted Above

Steps To Apply

Become a member of Gateway

Fill out all required forms and deposit the minimum opening balance of $3,300 to become a member of Gateway.


Fill out and submit a loan application form in branch

Visit any Gateway branch near you and ask about applying for a Mortgage loan.


Submit all required documents

To apply for a mortgage, various documentation is required. This includes:
- Copy of Registered Title
- Signed Sales Agreement and Evidence of Deposit
- Valuation Report not older than 2 years
- Su ... [Click To Read More]


Submit proof of ownership/proof of funds for collateral

No additional collateral is required for a mortgage.The mortgaged property would be viewed as the collateral.


Pay down payment fee

A down payment of 5% of the total mortgage loan is required for processing.

This consists of legal fees (dependent on lawyer), which is normally 3.5% of the loan amount, and the processing fee, which ... [Click To Read More]


Wait for loan to be processed

A mortgage loan will take approximately three months to be processed once required documents are submitted and down payment fee is paid.


Receive a call from a Gateway credit clerk

Once the loan is processed, a Gateway representative will call and let you know if the loan has been approved.


Sign relevant documents for disbursement

Visit the Gateway branch to sign relevant documents for loan disbursement.

Our Team Stands Ready

If you're interested in any of our loans, we'll pair you with our expert customer service representatives, who will work with you to understand how to bring you to the solution they need.


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Deciding whether Gateway is the right partner for your loan? We know that this is a long-term decision, and we want to ensure that you are fully informed going into this commitment with us.


Learn more about this opportunity by chatting with our agent, or by visiting our Frequently Asked Questions.


Similar Opportunities

  • Motor Vehicle Loan

    The Motor Vehicle Loan provides up to 90% financing on personal vehicles with up to 8 years to repay

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To empower our members by providing excellent service and sound financial guidance to create partnerships that will result in prudent, progressive and competitive business decisions, yielding mutual success.

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