Borrowed Down Payment

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


  • Any repayment of funds must be included in the total debt service calculation
Underwriting Policies and Standards thumbnail with Sagen logo

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

View Borrowed Down Payment Program in UPS

Premium Calculator

The Premium Calculator helps you calculate the mortgage insurance premium on any Sagen™ products.

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