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Your Professional Link to the Canadian Mortgage Market CMHC Flex Down

For Borrowers With a Down Payment From Non-Traditional Sources:

With CMHC Flex Down, Approved Lenders can offer home buyers additional flexibility when purchasing a home, including the opportunity to purchase a home using a wider range of sources for their down payment such as borrowed funds and lender cash-back incentives.

Features:

• Available for Purchase Transactions
• Loan-to-Value ratios of 90.01% to 95%
• 1 – 2 unit residential properties
• Wider range of sources of down payment permitted
• Flexible financing options – single advance, progress advance and extended amortization periods are available
• Flexibilities available for the purchase of energy-efficient homes

Benefits of CMHC Flex Down:

• Helps Provide Earlier Access to Home ownership – with as little as 5% down using flexible sources of down payment.
• Flexible Down Payments – Wider range of sources of down payment permitted.
• Competitive Interest Rates – Access to CMHC insured financing, and as a result, competitive interest rates.
• Availability – Available coast-to-coast-to-coast with no set maximum loan amount.

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