Home Buyer 95 Program
Helping qualified borrowers to become first-time homeowners with as little as a 5% down payment.
Helping Our 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.
Insurance Premium Rate
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
