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.
|LTV Ratio||Premium Rate||Top-Up Premium|
|90.01% - 95.00%||4.50%||6.60%|
- Progress Advance Program
- Purchase Plus Improvement Program
- Vacation / Secondary Homes Program (Type A Properties)
- Any repayment of funds must be included in the total debt service calculation
The Premium Calculator helps you calculate the mortgage insurance premium on any Sagen™ products.Launch Premium Calculator