High Ratio Insured Solutions

Rates & lending guidelines

Rates

Rates are exclusively available for select brokerages only. Please contact your BDM for further details.

Lending guidelines

Product guidelines
Loan purpose	Purchases
Maximum LTV	Up to 95%
Minimum BEACON/FICO score	Primary borrower: 600* Joint borrower: 600
Lending areas	Population > 10,000
Terms	1,2,3,4, and 5 year fixed rate 5 year variable rate
Products available	Purchase Purchase plus improvements New to Canada Family plan Spousal buyout Vacation/secondary homes Borrowed down payment (Genworth only) Energy efficient homes
Purchase price amount	Maximum purchase price $1 million as per the insurers guidelines
BEACON/FICO score notes	BEACON/FICO scores below 600 are not permitted *New to Canada: Minimum score of 600 or BEACON reject

Lending guidelines
Mortgage type	Conventional income confirmed	High ratio insured
Property use	Owner-occupied Rental Vacation/Secondary homes	As per CMHC and Genworth guidelines
Loan purpose & maximum LTV	As per CMHC and Genworth guidelines	As per CMHC and Genworth guidelines
Minimum BEACON/FICO score	600 (review CMHC and Genworth guidelines)	As per CMHC and Genworth guidelines
Maximum amortization	25 and 30 year terms available 30 year requires a 680 BEACON or greater Maximum 25 year amortization available for 5 year variable term mortgages	As per CMHC and Genworth guidelines
GDS/TDS	39% GDS / 44% TDS	As per CMHC and Genworth guidelines
Down payment	Minimum 20% for purchases Consideration given to gifted down payments	As per CMHC and Genworth guidelines
Fees	n/a	As per CMHC and Genworth guidelines
Property type	Single family detached (minimum 900 square feet) Semi-detached (minimum 900 square feet) Condominium or apartment (minimum 500 square feet) Acreages: Maximum 65% LTV Only 5 acres of land plus the value of the property are considered for calculating LTV Well and septic considered Maximum 10 acres No archaeological zones Country residential zones permitted (agricultural zones not permitted)	Single family detached (minimum 900 square feet) Semi-detached (minimum 900 square feet) Condominium or apartment (minimum 500 square feet) Acreages: Maximum 65% LTV Only 5 acres of land plus the value of the property are considered for calculating LTV Well and septic considered Country residential zones permitted (agricultural zones not permitted)
Appraisal	Required by fully qualified independent appraiser from our approved list	As per CMHC and Genworth guidelines
Loan amount	Preferred loan amount greater than $100,000 Properties over $1 million as per the insurers guidelines
Prepayments	Early payouts permitted (may be subject to charges) Opportunity to make an annual payment up to 20% of original mortgage amount, double-up payments or increase monthly payment up to 20% at any time Prepayment charge is calculated as the greater of 3 months interest or the interest rate differential (using CWB posted rate, not bond rate) Mortgage is portable based on client and property qualification Blend and extend options available
Outside our lending guidelines	Unique properties Previous grow-ops Rent-to-own contracts Mobile homes and/or manufactured homes Rental pools Cooperative housing Leasehold land Farms

Quick tools

Calculators

Use our calculators to help your clients better understand their mortgage options

Forms

Use our forms to share your clients’ whole story with our underwriters

Product booklets

Use our booklets for an overview of all products and our lending guidelines