Flexible Financing Options

As Canada’s national housing agency, CMHC is uniquely positioned to offer you a range of financing options to ensure you have access to a wide choice of quality, affordable housing.

CMHC Purchase
Enables homebuyers to purchase a home with a minimum down payment of 5 per cent.

CMHC Portability
Allows borrowers to port the CMHC Mortgage Loan Insurance from an existing home to a new home and in some cases save money by reducing or eliminating the premium on the financing of the new home.

CMHC Refinance
Allows borrowers to refinance their mortgage up to 80% of its current value or as improved value. 

CMHC Improvement
Offers greater choice to borrowers who are building new homes or who want to undertake small or large scale improvements to existing homes.

CMHC Self-Employed
Allows self-employed borrowers, with traditional third party validation of income, to realize their dreams of homeownership.

CMHC Newcomer
Provides newcomers to Canada, with permanent or non-permanent residence status, access,to CMHC mortgage loan insurance products through Approved Lenders.

CMHC Green Home
Provides mortgage loan insurance for the purchase of an energy-efficient home or to make energy-efficient improvements to an existing home. Borrowers may be eligible for a 10 per cent mortgage insurance premium refund.

CMHC Income Property
Provides investors with more housing finance choice when buying or refinancing a 1 – 4 unit rental property.

CMHC Chattel Insurance
Assists the financing of owner-occupied manufactured or floating homes where a traditional real estate mortgage may not be possible.

CMHC Self-Directed RRSPs
Insures Registered Retirement Savings Plan- (RRSP) or Registered Retirement Income Fund (RRIF)-funded homeownership mortgages for the purchase or refinance of new or existing owner-borrower occupied properties.

Please check with your lender for the qualifying criteria and availability of these innovative products within their product offerings.


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