Family Plan Program

For prospective homeowners with good credit who do not meet GDSR/TDSR requirements (such as entrepreneurs or elderly customers on fixed income), this program allows their immediate family to help them buy a home.
A family sitting on a couch looking at baby

Help Your Customers Be There for Their Family

We all want to be there for our families in times of need. This program makes that possible by allowing customers to step in for their family members who have dreams of homeownership, but do not meet traditional requirements.

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%

Eligible Products

  • Homebuyer 95 Program
  • Purchase Plus Improvements Program

Underwriting Policies and Standards thumbnail with Sagen logo

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

View details