Today's Prime Rate: 2.25%
Closed Variable: Prime - .30
Open Variable: Prime + .80%
TermOur Rate
6 Month Closed4.60%
1 Year Closed2.30%
2 Year Closed2.90%
3 Year Closed3.25%
4 Year Closed3.69%
5 Year Closed3.69%
6 Year Closed4.69%
7 Year Closed4.95%
10 Year Closed5.20%





"My husband and I recently bought a house. It was not the house that we had expected to buy, as we were building one for the past year with a builder and had been speaking with Dan because he was going to be helping us with our mortgage. One week prior to our possession date on this house everything fell apart on us and we ended up having to shop for another house with only a few days to do so. It was a very stressful time and I know that we would not have been able to do it without Dan Grant's help. He has an unbelievable amount of patience, especially for someone like myself who has a lot of questions always and sometimes asks for things to be repeated more than once. He never left a phone call unreturned and always gave the best advice for the most confusing and complicated situations. A few years ago we bought a house and used another mortgage broker, after that experience we vowed we would never use one again, and then a friend led us to Dan and he made the entire experience a great one! Now we vow to never use anyone other than Dan and he comes highly recommended from us. Thanks for everything dan!"

Sherri M.
Calgary, AB
Standard Purchase

 

For Borrowers With a Traditional Down payment of 5% or More


Approved lenders can offer CMHC insured financing up to 95% of a home's value on purchase transactions with a traditional source of down payment, and help make dreams of homeownership come true.


Features


  • Available for purchase transactions
  • Loan to value ratios up to 95% for 1-2 unit residential properties
  • Loan to value ratios up to 90% for 3-4 unit residential properties
  • Flexible financing options - single advance, progress advances and extended amortization periods are available
  • Available for Permanent and Non-Permanent Residents (Maximum Loan-to-Value for Non-Permanent Residents is 90%)
  • Flexibilities available for the purchase of energy-efficient homes

 

Benefits of CMHC's Standard Purchase Product


  • Helps Provide Early Access to Homeownership - With as little as a 5% down payment.
  • Competitive Interest Rates - Fixed Rates, Variable Rates, Prime Rate
  • Availability - Available coast-to-coast-to-coast with no set maximum loan amount (individual lender maximums will apply)

 

Amortization Options


  • Up to 35 years

 

Borrower Qualification


  • Minimum credit score of N/A. Maximum debt servicing ratios of 35/42.

 

Application Premiums
(Owner occupied properties)		 Surcharges
Loan to value Ratio Premium on Total Loan Amount Premium on Increase to Loan Amount for Portability Extended Amortization; Add 0.20% for every 5 years of amortization beyond the 25 year amortization period.

Blended Amortization For Portability and Refinance 0.50% 5 Years (5/20) 0.25%, 10 Years (10/15) 0.50% Conversion from 5/20 to 10/15 0.35%
Up to and Including 65% .50% .50%
Up to and Including 75% .65% 2.25%
Up to and Including 80% 1.00% 2.75%
Up to and Including 85% 1.75% 3.50%
Up to and Including 90% 2.00% 4.25%
Up to and Including 95% 2.75% 4.25%