Premium Rates Chart
Premium rates for all of Sagen products are listed below. Visit our Products & Services page for more information.
Approved Lenders
| Lender Legal Name - Ontario only |
|---|
| Access Credit Union Limited |
| B2B Bank |
| Bank of Montreal |
| Bridgewater Bank |
| Caisse Desjardins Ontario Credit Union Inc |
| CIBC Mortgages Inc. |
| CMLS Financial Ltd |
| Community Trust Company |
| Concentra Bank |
| CS Alterna Bank |
| DUCA Financial Services Credit Union Ltd. |
| Equitable Bank |
| First National Financial Corporation |
| FirstOntario Credit Union Ltd |
| Haventree Bank |
| Highclere Capital Corporation |
| Home Trust Company |
| ICICI Bank Canada |
| Innovation Federal Credit Union |
| Investors Group Trust Company Ltd. |
| Laurentian Bank of Canada |
| Libro Credit Union Limited |
| Manulife Bank of Canada |
| Marathon Mortgage Corp. |
| MCAN Home Mortgage Corporation |
| MCAP Service Corporation |
| Meridian Credit Union Limited |
| National Bank of Canada |
| Neo Mortgage Services Inc. |
| Nesto Inc. |
| Paradigm Quest Inc. |
| Peoples Bank of Canada |
| Pine Canada Lending Corporation |
| Radius Financial Inc. |
| Ratehub Inc. |
| RFA Mortgage Corporation |
| RMG Mortgage Corporation |
| Royal Bank of Canada |
| SBI Canada Bank |
| Scotia Mortgage Corporation |
| Strive Capital Corporation |
| Tangerine Bank |
| The Bank of Nova Scotia |
| The Canada Life Assurance Company |
| The Toronto-Dominion Bank |
| Tru Cooperative Bank |
| True North Mortgage Inc. |
| Wealth One Bank of Canada |
| Windsor Family Credit Union Limited |
| Wiseday Financial Inc. |
The approved lender list is subject to change: Date published 10/15/2026
Refinance for Secondary Suites GDS/TDS Guidelines Table
| GDS | TDS |
|---|---|
| 39% | 44% |
Refinance for Secondary Suites Premium Rate Table
| LTV Ratio | Premium Rate* | Top-Up Premium** |
|---|---|---|
| Up to 65% | 0.60% | 0.60% |
| 65.01% - 75% | 1.70% | 5.90% |
| 75.01% - 80% | 2.40% | 6.05% |
| 80.01% - 85% | 2.80% | 6.20% |
| 85.01% - 90% | 3.10% | 6.25% |
Vacation/Secondary Homes Program
| Type A | Type A | Type B | Type B | |
|---|---|---|---|---|
| LTV Ratio | Premium Rate | Top-Up Rate | Premium Rate | Top-Up Premium |
| Up to 65% | 0.60% | 0.60% | 1.45% | 2.90% |
| 65.01% – 75% | 1.70% | 5.90% | 2.55% | 6.10% |
| 75.01% – 80% | 2.40% | 6.05% | 3.15% | 6.40% |
| 80.01% – 85% | 2.80% | 6.20% | 3.50% | 7.00% |
| 85.01% – 90% | 3.10% | 6.25% | 4.35% | 7.60% |
| 90.01% – 95% | 4.00% | 6.30% | N/A | N/A |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Borrowed Down Payment
| LTV Ratio | Premium Rate | Top-Up Premium |
|---|---|---|
| 90.01% - 95.00% | 4.50% | 6.60% |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Investment Property Program
| LTV Ratio | Premium Rate | Top-Up Premium |
|---|---|---|
| Up to 65% | 1.45% | 3.15% |
| 65.01% - 75% | 2.00% | 3.45% |
| 75.01% - 80% | 2.90% | 4.30% |
Second Mortgage Program
| LTV Ratio | Combined 1st & 2nd Loan Amounts | 2nd Mortgage Amount |
|---|---|---|
| Up to 65% | 0.60% | 0.60% |
| 65.01% - 75% | 1.70% | 5.90% |
| 75.01% - 80% | 2.40% | 6.05% |
| 80.01% - 85% | 2.80% | 6.20% |
| 85.01% - 90% | 3.10% | 6.25% |
| 90.01% - 95% | 4.00% | 6.30% |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Vacation/Secondary Homes Program (Type B)
| LTV Ratio | Premium Rate | Top-Up Premium |
|---|---|---|
| Up to 65% | 1.45% | 2.90% |
| 65.01% - 75% | 2.55% | 6.10% |
| 75.01% - 80% | 3.15% | 6.40% |
| 80.01% - 85% | 3.50% | 7.00% |
| 85.01% - 90% | 4.35% | 7.60% |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Business For Self (Alt-A) Program
| LTV Ratio | Premium Rate | Top-Up Premium |
|---|---|---|
| Up to 65% | 1.50% | 3.00% |
| 65.01% - 75% | 2.60% | 6.50% |
| 75.01% - 80% | 3.30% | 7.00% |
| 80.01% - 85% | 3.75% | 7.50% |
| 85.01% - 90% | 5.85% | 9.00% |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Standard Premium Rate Chart
| LTV Ratio | Premium Rate | Top-Up Premium |
|---|---|---|
| Up to 65% | 0.60% | 0.60% |
| 65.01% - 75% | 1.70% | 5.90% |
| 75.01% - 80% | 2.40% | 6.05% |
| 80.01% - 85% | 2.80% | 6.20% |
| 85.01% - 90% | 3.10% | 6.25% |
| 90.01% - 95% | 4.00% | 6.30% |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Note: The insurance premium is non-refundable, paid at the time of closing and may be added onto the mortgage.
To Calculate the premium, multiply the mortgage amount by the premium rate.