CMHC new PROGRAMS offer Financing for Home Upgrades to add more units and New Construction

by Denise Liboiron

Flexible Financing for Home Upgrades and New Construction

CMHC Improvement is for homebuyers purchasing an existing home that requires some work or building a new home from the ground up. The product offers insured financing up to 95% of the “as-improved” value for 1- or 2-unit owner-occupied properties, and up to 90% for 3- or 4-unit properties. Down payments are based on the lower of market value or purchase price or cost of construction. CMHC Improvement makes it easier for clients to finance their residential property purchases or home improvements with lower down payments. Click the link to find out more information and how to qualify for their programs!

https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/mortgage-loan-insurance-homeownership-programs/improvement#:~:text=CMHC%20Improvement%20is%20for%20homebuyers,%2D%20or%204%2Dunit%20properties.

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