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.
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.
Premium Rate:
| 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
Learn more about this program in the Underwriting Policies & Standards (UPS)
View Family Plan Program in UPSPremium Calculator
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