Purchase Plus Improvements Program

Helps qualified home buyers carry home improvement costs into their mortgage with as little as 5% down.
PPI

Mortgage and Improvement Costs, In One Easier-to-Manage Package

For borrowers who want to make improvements to their home immediately after taking possession of the purchased property, the Purchase Plus Improvements Program allows them to do so with one manageable mortgage.

Premium Rate:

LTV Ratio Premium Rate Top-Up Premium
Up to 65% 0.60% 0.60%
65.01% - 75% 1.70% 5.90%
75.01% - 80% 2.40% 6.05%
80.01% - 85% 2.80% 6.20%
85.01% - 90% 3.10% 6.25%
90.01% - 95% 4.00% 6.30%

Eligible Products

  • Business For Self (Alt-A) Program
  • Borrowed Down Payment Program
  • Family Plan Program
  • Homebuyer 95 Program
  • Investment Property Program
  • New to Canada Program
  • Second Mortgage Program
  • Vacation/Secondary Home Program

Eligibility

  • This program is available in single or multiple advances.
Underwriting Policies and Standards thumbnail with Sagen logo

Learn more about this program in the Underwriting Policies & Standards (UPS)

View Purchase Plus Improvements Program in UPS

Purchase Plus Improvements Calculator

Launch Purchase Plus Improvements Calculator