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Homebuyers
Lenders
- Products
  - Homebuyer 95
    
    Homebuyer 95
    
    The Genworth Canada Homebuyer 95 program offers qualified Canadians an opportunity to own a home with as little as 5%.
  - New To Canada
    
    New To Canada
    
    Now qualified homebuyers who have immigrated or relocated to Canada can qualify for Genworth Canada default mortgage insurance with as little as a 5% down payment.
  - Purchase Plus Improvements
    
    Purchase Plus Improvements
    
    We can help qualified home buyers tailor improvements immediately after taking possession, to make their new home just right for them. All this can be done with one manageable mortgage and 5% down payment.
  - Progress Advance
    
    Progress Advance
    
    A program that lets residential home builders and individual borrowers take advantage of insured progress advances during the course of construction. We offer the program for homes purchased from a residential home builder or contractor or self-built properties for owner-occupancy.
  - Energy Efficient Housing
    
    Energy Efficient Housing
    
    At Genworth Canada, we want to help protect the environment and support consumers as they make environmentally friendly choices. Through our Energy-Efficient Housing Program, home buyers purchasing an energy-efficient home or making energy saving renovations are now eligible for significant premium savings when Genworth Canada insurance is obtained.
  - Business For Self
    
    Business For Self
    
    This program is for self-employed borrowers who cannot provide traditional income verification.
  - Portability Feature
    
    Portability Feature
    
    At Genworth Canada, we know that for many Canadian families their first home is not their last home.
  - Second Mortgage
    
    Second Mortgage
    
    This program provides borrowers with the additional flexibility of allowing a Second Mortgage to be registered against their property up to 95% combined LTV on a purchase.
  - Borrowed Down Payment
    
    Borrowed Down Payment
    
    A program for home buyers who have established an excellent credit history but have not yet saved the required down payment or have chosen to use their savings to build assets in different ways.
  - Self-Directed RRSP
    
    Self-Directed RRSP
    
    Canadian tax regulations allow self-directed Registered Retirement Savings Plans (RRSP)/ Registered Retirement Income Funds (RRIF) to be used for a non-arms length mortgage investment, provided that the mortgage is insured. We are delighted to offer this program to meet this opportunity.
  - Vacation/Secondary Homes
    
    Vacation/Secondary Homes
    
    Whether it's a second home in the city to reduce that weekly commute or a cottage at the lake for weekend getaways, you can buy that property with a small down payment.
  - Family Plan
    
    Family Plan
    
    Mortgage default insurance for buyers who are purchasing properties for immediate family members to live in with as little as a 5% down payment. (For example, buying a home for a child to live in while at a post secondary institution, or a home for parents to live in.)
  - Investment Property
    
    Investment Property
    
    Genworth Canada will now be providing mortgage insurance on a rental program accessible to qualified borrowers with 20% down payment.
- Premium Rate Table
- Underwriting
- Training and Education
  - Webinars
  - Workshops
- Mortgage Planning Tools
- Homeowner Assistance
- Mortgage Fraud
- Interest Rates
- Publications
- Email List Sign-Up
- Policies
Brokers
- Products
  - Homebuyer 95
    
    Homebuyer 95
    
    The Genworth Canada Homebuyer 95 program offers qualified Canadians an opportunity to own a home with as little as 5%.
  - New To Canada
    
    New To Canada
    
    Now qualified homebuyers who have immigrated or relocated to Canada can qualify for Genworth Canada default mortgage insurance with as little as a 5% down payment.
  - Purchase Plus Improvements
    
    Purchase Plus Improvements
    
    We can help qualified home buyers tailor improvements immediately after taking possession, to make their new home just right for them. All this can be done with one manageable mortgage and 5% down payment.
  - Progress Advance
    
    Progress Advance
    
    A program that lets residential home builders and individual borrowers take advantage of insured progress advances during the course of construction. We offer the program for homes purchased from a residential home builder or contractor or self-built properties for owner-occupancy.
  - Energy Efficient Housing
    
    Energy Efficient Housing
    
    At Genworth Canada, we want to help protect the environment and support consumers as they make environmentally friendly choices. Through our Energy-Efficient Housing Program, home buyers purchasing an energy-efficient home or making energy saving renovations are now eligible for significant premium savings when Genworth Canada insurance is obtained.
  - Business For Self
    
    Business For Self
    
    This program is for self-employed borrowers who cannot provide traditional income verification.
  - Portability Feature
    
    Portability Feature
    
    At Genworth Canada, we know that for many Canadian families their first home is not their last home.
  - Second Mortgage
    
    Second Mortgage
    
    This program provides borrowers with the additional flexibility of allowing a Second Mortgage to be registered against their property up to 95% combined LTV on a purchase.
  - Borrowed Down Payment
    
    Borrowed Down Payment
    
    A program for home buyers who have established an excellent credit history but have not yet saved the required down payment or have chosen to use their savings to build assets in different ways.
  - Self-Directed RRSP
    
    Self-Directed RRSP
    
    Canadian tax regulations allow self-directed Registered Retirement Savings Plans (RRSP)/ Registered Retirement Income Funds (RRIF) to be used for a non-arms length mortgage investment, provided that the mortgage is insured. We are delighted to offer this program to meet this opportunity.
  - Vacation/Secondary Homes
    
    Vacation/Secondary Homes
    
    Whether it's a second home in the city to reduce that weekly commute or a cottage at the lake for weekend getaways, you can buy that property with a small down payment.
  - Family Plan
    
    Family Plan
    
    Mortgage default insurance for buyers who are purchasing properties for immediate family members to live in with as little as a 5% down payment. (For example, buying a home for a child to live in while at a post secondary institution, or a home for parents to live in.)
  - Investment Property
    
    Investment Property
    
    Genworth Canada will now be providing mortgage insurance on a rental program accessible to qualified borrowers with 20% down payment.
- Training and Education
- Mortgage Planning Tools
- Premium Rate Table
- Underwriting
- Homeowner Assistance
- Mortgage Fraud
- My Marketing Source
- Publications
  - HomeOpeners® Newsletter
  - Housing Reports
- Email List Sign-Up
Realtors
- Products
  - Homebuyer 95
    
    Homebuyer 95
    
    The Genworth Canada Homebuyer 95 program offers qualified Canadians an opportunity to own a home with as little as 5%.
  - New To Canada
    
    New To Canada
    
    Now qualified homebuyers who have immigrated or relocated to Canada can qualify for Genworth Canada default mortgage insurance with as little as a 5% down payment.
  - Purchase Plus Improvements
    
    Purchase Plus Improvements
    
    We can help qualified home buyers tailor improvements immediately after taking possession, to make their new home just right for them. All this can be done with one manageable mortgage and 5% down payment.
  - Progress Advance
    
    Progress Advance
    
    A program that lets residential home builders and individual borrowers take advantage of insured progress advances during the course of construction. We offer the program for homes purchased from a residential home builder or contractor or self-built properties for owner-occupancy.
  - Energy Efficient Housing
    
    Energy Efficient Housing
    
    At Genworth Canada, we want to help protect the environment and support consumers as they make environmentally friendly choices. Through our Energy-Efficient Housing Program, home buyers purchasing an energy-efficient home or making energy saving renovations are now eligible for significant premium savings when Genworth Canada insurance is obtained.
  - Business For Self
    
    Business For Self
    
    This program is for self-employed borrowers who cannot provide traditional income verification.
  - Portability Feature
    
    Portability Feature
    
    At Genworth Canada, we know that for many Canadian families their first home is not their last home.
  - Second Mortgage
    
    Second Mortgage
    
    This program provides borrowers with the additional flexibility of allowing a Second Mortgage to be registered against their property up to 95% combined LTV on a purchase.
  - Borrowed Down Payment
    
    Borrowed Down Payment
    
    A program for home buyers who have established an excellent credit history but have not yet saved the required down payment or have chosen to use their savings to build assets in different ways.
  - Self-Directed RRSP
    
    Self-Directed RRSP
    
    Canadian tax regulations allow self-directed Registered Retirement Savings Plans (RRSP)/ Registered Retirement Income Funds (RRIF) to be used for a non-arms length mortgage investment, provided that the mortgage is insured. We are delighted to offer this program to meet this opportunity.
  - Vacation/Secondary Homes
    
    Vacation/Secondary Homes
    
    Whether it's a second home in the city to reduce that weekly commute or a cottage at the lake for weekend getaways, you can buy that property with a small down payment.
  - Family Plan
    
    Family Plan
    
    Mortgage default insurance for buyers who are purchasing properties for immediate family members to live in with as little as a 5% down payment. (For example, buying a home for a child to live in while at a post secondary institution, or a home for parents to live in.)
  - Investment Property
    
    Investment Property
    
    Genworth Canada will now be providing mortgage insurance on a rental program accessible to qualified borrowers with 20% down payment.
- Training and Education
- Mortgage Planning Tools
- Premium Rate Table
- Underwriting
- Homeowner Assistance
- Mortgage Fraud
- My Marketing Source
- Publications
  - HomeOpeners® Newsletter
  - Housing Reports
- Email List Sign-Up
Investors

Purchase Plus Improvements Calculator

Genworth Canada's Purchase Plus Improvements Program (PPI) combines a home improvement loan with your mortgage, in one convenient transaction. You will have one manageable mortgage payment with the ease of one financial transaction to create the perfect home. Estimate your monthly payment with the Genworth Canada PPI Calculator.

With Improvements No Improvements

Purchase

Improvements

Downpayment

Rate *

Amortization

yrs

Premium

Mortgage

Monthly Payment

The calculations above are based on details you have entered into the calculator tool. It is not an offer of mortgage insurance or in any way binding upon Genworth Canada, but rather is an informational tool. Please consult with a mortgage and/or lending professional to review your options.

*Due to government issued rules on homebuyer qualification, the Bank of Canada rate is used as a benchmark for affordability and the mortgage amount you may qualify for. The amount shown does not automatically qualify you to receive this mortgage loan amount and we advise you speak to a mortgage lender to finalize the details based on your personal circumstance.

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Genworth Canada - Smart Shopper

About Genworth Canada

Genworth MI Canada Inc. (TSX: MIC) through its subsidiary, Genworth Financial Mortgage Insurance Company Canada (Genworth Canada), is the largest private residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. For more than two decades, Genworth Canada has supported the housing market by providing thought leadership and a focus on the safety and soundness of the mortgage finance system.

Genworth Canada

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Homebuyer 95

New To Canada