Vacation/Secondary Homes
Enables customers to purchase a second home with an affordable monthly payment with just 5% down.

Make Your Customers’ Dreams of a Second Property a Reality
This program allows qualified home buyers to purchase their dream cottage, or a property for their immediate family member.
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 - Vacation A Properties
- Borrowed Down Payment Program
- Homebuyer 95 Program (Maximum 1 unit)
- Progress Advance Program (Residential Home Builder, Contractor and Self-Build Programs)
- Purchase Plus Improvements Program
- Second Mortgage Program
- For Vacation B properties, reference the UPS
Eligibility
- This program is available for a maximum of 1 unit

Learn more about this program in the Underwriting Policies & Standards (UPS)
View Vacation/Secondary Homes Program in UPSPremium Calculator
The Premium Calculator helps you calculate the mortgage insurance premium on any Sagen™ products.
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