Homebuyer 95 Program

Enables qualified borrowers to become first-time homeowners with as little as a 5% down payment.

Help Customers Purchase Their First Home

Saving for a down payment on a first home has become increasingly difficult. This program makes it easier by allowing customers to purchase a home with a lower down payment.

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

Progress Advance Program (Maximum 2 units)
Purchase Plus Improvements Program
Family Plan Program
New to Canada Program
Vacation / Secondary Homes Program (Type A Properties)
Second Mortgage Program

Eligibility

Available for 1 and 2 unit properties up to a maximum value of $500,000 with 5% down
3 & 4 units up to 90% LTV
For properties > $500,000 and <$1,000,000 – 5% down payment required up to $500,000, with an additional 10% down payment on the portion of the home value above $500,000
Available for both existing and new construction homes