Get into your home sooner. Mortgage loan insurance helps you do it. Put as little as 5% down.

When you need a mortgage loan that is more than 75% of the purchase price of your home, mortgage loan insurance is required. It protects the lender and, by law, most Canadian lending institutions require it.

CMHC has pioneered mortgage insurance products and services that have helped finance more than one-third of Canadian homes. With mortgage loan insurance, many Canadians who might not be able to save a 25% down payment can still buy a home.

Having mortgage loan insurance means that if the borrower defaults (fails to pay) on the mortgage, the lender is paid back by the insurer. (However, it should be noted that the protection provided by the lender by the insurer does not relieve the borrower of the obligations under the mortgage contract.)

Without the risk of losing their money, lenders have the confidence to make mortgage loans up to 95% of the purchase price of the home.