Rental/Investment/Non Owner Occupied Property with Little or Zero Down Payment:

CMHC’s mortgage loan insurance for 1-4 unit rental (non-owner occupied) properties provides

investors with more housing finance choice when purchasing or refinancing a rental property.

Details:

Loan to Value ratios up to 95% (Minimum 5% down payment is required)
No application fee or lender appraisal required
Flexible financing options – Single advance, progress advances, Line of Credit/Interest Only Mortgages and extended amortization periods are available
Flexibilities available for energy-efficient homes

Benefits to Investors:

Larger Loans – A CMHC insured mortgage, through an Approved Lender often provides access to larger loans, versus conventional mortgage financing.
Competitive Interest Rates – Access to CMHC insured financing, and as a result, competitive interest rates.
Flexibility – Flexible terms and conditions to meet a variety of financing needs.
Availability – Available coast-to-coast-to-coast with no set maximum loan amount.
Peace of Mind – Insurance is in place for the full amortization period of the loan including all term renewals