Borrowed Down Payment
Makes it possible for borrowers who cannot save a required down payment to start building equity now.

Help Customers Start Building Equity Now
This program allows qualified borrowers to contribute to their down payment with sources that are arm’s-length to the purchase of a home, such as personal loans, lines of credit, credit cards, or gifts from any individual that is not related to the borrower through a familial or legal relationship.
Premium Rate:
LTV Ratio | Premium Rate | Top-Up Premium |
---|---|---|
90.01% - 95.00% | 4.50% | 6.60% |
Eligible Products
- Progress Advance Program
- Purchase Plus Improvement Program
- Vacation / Secondary Homes Program (Type A Properties)
Eligibility
- Any repayment of funds must be included in the total debt service calculation

Learn more about this program in the Underwriting Policies & Standards (UPS)
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