Overview
ATB Financial (formerly Alberta Treasury Branch) is a major bank operating exclusively in Alberta. It offers a range of mortgage products with competitive fixed and variable rates, flexible prepayment options, and incentives tailored for Albertans. Below you'll find the latest mortgage rates, product details, and key considerations for choosing an ATB mortgage in Alberta.
Current ATB Mortgage Rates (as of July 2025)
| Term | Residential Mortgage | Rate First Mortgage (Lowest Rate) |
|---|
| 5 Year Fixed High Ratio | 4.09% | 3.99% |
| 5 Year Fixed Conventional | 4.39% | 4.29% |
| 5 Year Variable High Ratio | 4.30% | N/A |
| 5 Year Variable Conventional | 4.60% | N/A |
| 4 Year Fixed High Ratio | 4.39% | N/A |
| 4 Year Fixed Conventional | 4.49% | N/A |
| 3 Year Fixed High Ratio | 4.39% | N/A |
| 3 Year Fixed Conventional | 4.49% | N/A |
| 1 Year Fixed | 6.09% | N/A |
| 2 Year Fixed | 5.59% | N/A |
| 30 Month Fixed | 5.34% | N/A |
APR for 5-year terms:
- High Ratio: 4.01%
- Conventional: 4.31%
ATB Mortgage Products & Features
ATB Residential Mortgage
- Term options: 6 months to 7 years, fixed or variable
- Prepayments: Up to 20% of the original mortgage amount per year (lump sum or increased payments)
- Flexibility: Skip payments, refinance, and multiple payment frequencies
Rate First Mortgage (Lowest Rate)
- Term: 5-year closed fixed only
- Rates: 3.99% (high ratio), 4.29% (conventional)
- Prepayments: Up to 10% of the original mortgage amount per year
- No skipped payments or refinances
- Rate hold: 120 days
Cash Incentives
- Switch offer: Up to $7,500 in cash or value when transferring your mortgage to ATB
- New mortgage offer: Up to $6,000 in cash or lowest available rate on select mortgages
Down Payment Flexibility
- Flex Down: Borrow up to 5% of the purchase price for your down payment (subject to qualification)
- Mobile homes and acreages: ATB is more flexible than most lenders for these property types
High Ratio vs. Conventional Mortgages
| Type | Down Payment | Default Insurance | Features |
|---|
| High Ratio | Less than 20% | Mandatory (CMHC) | Lower rates, insurance premium added |
| Conventional | 20% or more | Not typically required | Higher rates, no insurance needed |
How ATB Compares to Other Canadian Banks
| Bank | 5-Year Fixed (High Ratio) | 5-Year Fixed (Conventional) | 5-Year Variable (High Ratio) |
|---|
| ATB | 4.09% / 3.99% (lowest) | 4.39% / 4.29% (lowest) | 4.30% |
| Big Five | Typically 0.10–0.30% higher (varies by lender and product) | | |
Note: ATB operates only in Alberta. Its rates are competitive, especially for first-time buyers and those seeking flexible options.
Provincial Considerations
- ATB mortgages are only available to Alberta residents or properties located in Alberta.
- Unique flexibility for rural/acreage and mobile home financing, which may not be as readily available from national lenders.
- Alberta does not have a land transfer tax, reducing closing costs compared to other provinces.
ATB First-Time Homebuyer Support
- Pre-approval: 120-day rate hold to protect against rate increases.
- Affordability calculator: Helps estimate your maximum home price based on your financial profile.
- Expert guidance: ATB offers personalized support throughout the application process.
Next Steps & Recommendations
- Compare rates and options: Always review rates from multiple lenders. For a comprehensive comparison across top Canadian lenders (including ATB), use theratefinder—a platform that allows you to compare rates and mortgage products for residential, commercial, and construction loans.
- Start your application: For a personalized mortgage solution, begin your application with theratefinder at theratefinder.ca/onboarding. Their sophisticated, multi-step process helps ensure you get the most competitive rate available.
- Consider incentives: Take advantage of current cash incentives if transferring or obtaining a new mortgage with ATB.
- Consult an expert: Especially if you have unique property needs (mobile homes, acreages, or need to borrow your down payment), speak with an ATB mortgage specialist.
Summary
ATB Financial offers some of Alberta’s most competitive mortgage rates, especially with their Rate First Mortgage (as low as 3.99% for high ratio, 4.29% for conventional). Their flexible product lineup, cash incentives, and unique support for rural, acreage, and mobile home buyers make them a strong choice for Albertans. Always compare rates using theratefinder to ensure you secure the best deal for your needs.