KEEPING YOU INFORMED: COVID-19 information for residential customers & commercial borrowers

Our residential call centre is experiencing higher than normal wait times.

If you are experiencing financial hardship due to COVID-19 and need to request a mortgage payment deferral, please submit a payment deferral request through My Mortgage or fill out our online mortgage payment deferral request form.

Be assured that we are committed to getting back to all of you who have contacted us.

Your patience is appreciated, and we thank you for your understanding.

Self Employed

Help self-employed and contract workers achieve their real estate goals

Not everyone works in a traditional way.  At First National, we believe that every one of your clients should be able to achieve their real estate goals, regardless of how they choose to work. We have two solutions targeted toward self-employed and contract workers who may not be able to provide traditional income verification.

Conventional Stated Income: key features

  • Available for purchase only
  • Ideal for borrowers with a strong down payment and minimum three-year credit history
  • Primary owner occupied residential property in markets with high resale demand
  • Maximum two units with one unit owner occupied
  • Up to 65% financing with no insurance premium
  • Five-year terms for fixed and adjustable
  • Amortization of up to 25 years

Insured Stated Income: key features

  • Available for purchase only
  • Ideal for borrowers with a strong record of repayment and a minimum two-year credit history
  • Owner occupied single family residential dwelling with up to two units
  • Five-year term for fixed and adjustable
  • Maximum loan to value up to 90% for purchase
  • Amortization of up to 25 years


Rates are for single-family residential mortgages.

Rates are subject to change without notice. 
E. & O. E.