Progress Advance Program
Flexible Options for Residential Home Builders.
Take Advantage
Helps residential home builders and individual home buyers take advantage of insured progress advances while their property is being built. 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.
Insurance Premium Rate
Eligible Products
- Business For Self (Alt-A) Program
- Borrowed Down Payment Program
- Homebuyer 95 Program
- New to Canada Program
- Vacation/Secondary Home Program
Eligibility
- 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
