A significant down payment on a home purchase is ideal, but it's easier said than done. Thanks to the Canadian Mortgage and Housing Corporation (CMHC) you can purchase a home with as little as 5% down. CMHC Mortgage Loan Insurance makes it possible to purchase a home by financing a mortgage of up to 95% (refinancing up to 80%) of a home's appraised value. If this is the path to your dream of homeownership, we can help.
A CMHC Mortgage offers:
Although you'll need to meet the requirements of the CMHC, your mortgage application will still be processed in-branch by our lending specialists, who will take the time to know you and understand your goals.
For more information or to book an appointment with one of our lending specialists, contact us.