Self-Directed RRSP

Allows self-directed RRSP/RRIF funds to be used for non-arm’s length mortgage investments.
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Provide More Flexibility with RRSP/RRIF Funds

For customers with Registered Retirement Savings Plans (RRSP) or Registered Retirement Income Funds (RRIF) funds, this program allows them the flexibility to direct them towards their mortgage.

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

  • Second Mortgage Program
  • Borrowed Down Payment Program
  • Business for Self (Alt. A) Program
  • Homebuyer 95 Program
  • Family Plan Program
  • Progress Advance Program
  • Purchase Plus Improvement Program
  • Vacation / Secondary Homes Program (Type A Properties)
  • Investment Property Program

Eligibility

  • Up to 95% loan to value for properties with a maximum of 2 units
  • Properties up to 4 units acceptable, as long as 1 unit is owner-occupied
Underwriting Policies and Standards thumbnail with Sagen logo

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

View details