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High Ratio Mortgage Premiums

 

 

CMHC PREMIUMS

Loan-to-Value Premium on Total Loan Premium on Increase to Loan Amount for Portability and Refinance
Standard Premium Self-Employed without 3rd Party Income Validation Standard Premium Self-Employed without 3rd Party Income Validation**
Up to and including 65% 0.50% 0.80% 0.50% 1.50%
Up to and including 75% 0.65% 1.00% 2.25% 2.60%
Up to and including 80% 1.00% 1.64% 2.75% 3.85%
Up to and including 85% 1.75% 2.90% 3.50% 5.50%
Up to and including 90% 2.00% 4.75% 4.25% 7.00%
Up to and including 95% 2.75% 6.00% 4.25%* *
90.01% to 95% —
Non-Traditional Down Payment***		 2.90% N/A * N/A
Extended Amortization Surcharges
Greater than 25 years, up to and including 30 years: 0.20%
Greater than 30 years, up to and including 35 years: 0.40%

  


   

 

GENWORTH SELF EMPLOYED PREMIUMS

 

 

LTV Ratio Bureau Scores Single Upfront Premium
Purchase** Refinance** Top-Up Premium
90.01% - 95% 700 6.00% N/A 8.50%
85.01% - 90% 650 4.75% N/A 7.00%
80.01% - 85% 620 2.90% 2.90% 5.50%
75.01% - 80% 620 1.64% 1.64% 3.85%
65.01% - 75% 600 1.00% 1.00% 2.60%
< 65% 600 0.80% 0.80% 1.50%

* A .20% premium surcharge will be applied for every 5 years of amortization beyond the traditional 25 - year mortgage amortization period