Mortgage Loan Insurance

CMHC is committed to helping Canadians meet their housing needs by facilitating affordable housing in Canada. One of the primary ways that CMHC contributes to this objective is through the provision of mortgage loan insurance. CMHC enables lenders to offer flexibilities to home buyers and proponents of affordable housing projects, beyond those available for the financing of market housing.


Mortgage Loan Insurance – Flexibilities for Affordable Housing

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To support the creation of affordable housing…

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…CMHC enables lenders to offer financing flexibilities to homebuyers and developers of multi-unit properties.

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Our flexibilities can help homebuyers by accepting a broader range of down payment sources and higher ratios. 

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(Bullet 1: Recognition of a broad range of down payment sources)
(Bullet 2: Flexibility for qualifying borrowers)

We can also help developers with reduced equity requirements, lower premiums, flexibilities in cash flow requirements and loan advancing.

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(Bullet 1: Reduced equity requirements and larger loans)
(Bullet 2: Premium discounts/lower financing costs)
(Bullet 3: Flexibility in cash flow requirements)
(Bullet 4: Loan advancing flexibility)

Without CMHC’s assistance, it would be very difficult to proceed with this project as an affordable development.

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Mortgage Loan Insurance Flexibilities — one more way CMHC helps Canadians meet their housing needs.

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Affordable Multi-Unit Residential Projects (5+ units)

Affordability Criteria/ Rent Levels
To be considered affordable, rents for the majority of units in a housing project must meet CMHC’s Affordability Criteria/Rent Levels and be within the levels representing the 80th and 65th rent percentiles (referred to as Levels 1 and 2 respectively). The rent levels are derived from the most recent data gathered from CMHC’s rental market survey.

CMHC Multi-Unit Affordable Housing
To support the creation of affordable multi-unit housing, CMHC offers financing flexibilities, including loan-to-value ratios of up to 95% and reduced premiums. The higher the level of affordability, the greater the flexibilities offered.

CMHC Multi-Unit Energy-Efficient Properties
When constructing multi-unit housing, or improving the energy-efficiency of existing projects, CMHC mortgage loan insurance can offer big savings, including up to 15 per cent premium refunds.

Mortgage Loan Insurance for Multi-Unit Residential Properties (5+ units)
CMHC is Canada’s provider of mortgage loan insurance for the construction, purchase and refinancing of multi-unit residential properties. See what’s possible with the advantages of CMHC Mortgage Loan Insurance for multi-unit properties.

Affordable Homeowner Projects

Reference Guide to Homeowner Mortgage Loan Insurance Flexibilities for Affordable Housing
Provides general information and guidance to housing proponents concerning the available mortgage loan insurance flexibilities for affordable housing proposals.

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 extended amortization without a premium surcharge and a 10 per cent mortgage insurance premium refund.



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