Progress Advance Program

Helps residential home builders and individual homebuyers take advantage of insured progress advances while their property is being built.
Top view of a home facing the sky

Three Options for Residential Home Builders

For homeowners whose property is still being built, this program is available with three main options: the Residential Home Builder Program, the Contractor Program, and the Self-Built Program.

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

  • Business for Self (Alt. A) Program
  • Borrowed Down Payment Program
  • Homebuyer 95 Program
  • New to Canada Program
  • Vacation / Secondary Homes Program (Type A Properties)


  • Up to 95% loan to value with multiple advances during construction
  • Mortgage insurance is based on the lesser of the market value of the work in place or the cost to complete
Underwriting Policies and Standards thumbnail with Sagen logo

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

View Progress Adventure Program in UPS

Premium Calculator

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