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10 Steps of the Homebuying Process
Understandably, starting the journey to homeownership can be overwhelming and stressful. But with a little planning and the support of trusted partners, you’ll find the home that’s right for you. Below is a step-by-step guide to help you along the journey of buying your first home.
Closing Costs: Budget for these 10 additional homeownership costs
Buying your first home is all about smart budgeting-saving enough for a down payment, crunching numbers to determine how much mortgage you can afford, allocating funds to DIV your fixer-upper into move-in condition. But the costs don't end there. The good news: planning in advance ensures financial bumps won't detour your homeownership plans.
Preparing for Homeownership
Becoming a homeowner is a huge accomplishment – and an equally large responsibility. Know what to expect before you begin home hunting. Here is how you can prepare for homeownership

Underwriting Policies & Standards (UPS)
The ultimate lender’s resource. Find up-to-date information on interest rates, policies, guidelines, and more.
View and Search the UPSLender Forms & Worksheets

Renovation Worksheet - Purchase Plus Improvements (PPI)
Help qualified home buyers roll home improvement costs into their mortgage with as little as 5% down.
Download

Construction Worksheet - Self Built Homes
The worksheet will help individual home buyers manage their new home construction.
Download

Inspection Request Worksheet
Reward home buyers purchasing energy-efficient homes or making energy saving renovations with significant savings.
Download

Premium Rates
See all program premium ratesStandard 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% |
Investment Property Program
LTV Ratio | Premium Rate | Top-Up Premium |
---|---|---|
Up to 65% | 1.45% | 3.15% |
65.01% - 75% | 2.00% | 3.45% |
75.01% - 80% | 2.90% | 4.30% |
- Homebuyer 95 Program
- Borrowed Down Payment Program*
- Family Plan Program
- Progress Advance Program
- New to Canada Program
- Purchase Plus Improvements Program
- Vacation/Secondary Home Program (Type A)
- For Borrowed Down Payment Program (LTV 90.01-95%) the standard premium rate is 4.50% and the premium for portability/top-up is 6.60%
Payment Calculator
The Mortgage Payment Calculator helps you calculate several different aspects of your mortgage.
Payment CalculatorPremium Calculator
The Premium Calculator helps you calculate the mortgage insurance premium on any of our products.
Launch Premium CalculatorPurchase Plus Improvements Calculator
Sagen's Purchase Plus Improvements Program (PPI) combines a home improvement loan with your mortgage, in one convenient transaction.
Launch Purchase Plus Improvements Calculator