Mortgage Loan Insurance: Standard Rental Housing 

CMHC mortgage insurance offers flexible tools to build, buy or refinance standard multi-unit rental housing. This includes financing options like:

  • higher loan-to-value ratios
  • loan advances up to 75% of the lending value during construction
  • lower debt coverage ratios
  • preferred interest rates
  • amortization periods up to 40 years

IS YOUR PROJECT ELIGIBLE?

Our flexibilities are available for first, second and pari passu mortgages on any eligible rental property. To be eligible, your project must: 

  • have at least 5 rental units
  • be at least 70% residential in terms of both floor area and the total loan value
  • have a maximum loan-to-value ratio of 85%

In addition, the borrower must have: 

  • proven competence in managing a similar size and type of property
  • at last five years' multi-unit property management experience (or a property manager with this record)
  • a net worth of at least 25% of the value of the loan
  • the ability to guarantee 100% of the loan until you have 12 consecutive months of stable rents

AFFORDABLE HOUSING OPTIONS

ENERGY-EFFICIENT REFUNDS

FIND OUT MORE

For more details about our mortgage insurance tools, including:

You can:

Explore related content using the tags below:

Date Published: March 31, 2018