SARAH COLUCCI, MORTGAGE BROKER
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    • FIRST-TIME HOME BUYER PRE-APPROVALS >
      • FIRST-TIME HOME BUYER TAX CREDIT
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      • Prepayment penalties
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    • PURCHASE PLUS IMPROVEMENT PROGRAM
    • MORTGAGE RENEWALS >
      • New Mortgage Rules and Mortgage Renewals
    • SECOND MORTGAGE LOANS
    • LESS THAN 20% PROPERTIES
    • PERSONAL LOANS
    • DOWN PAYMENT
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Mortgage High Ratio Insurance 101-​How can you purchase property without 20% down?

Your first home.

Some borrowers believe they need 20% to purchase real estate. Not only do you not require 20%, but there are programs to help you achieve ownership with the least amount possible being 5% only. 

Subsequent or Additional Properties


Most people believe they need to have a substantial down payment to be able to purchase  additional property. The reality is you do not need 20% down to purchase subsequent properties. With 'Mortgage Insurance' programs, a borrower is able to purchase additional properties with as little as 5% down. 


​Here's how: 

GENWORTH'S Home Owner Family Plan
Buying a home for a family member without 20% down. 

Genworth's HomeOpeners, Vacation Home Programs

Purchase a vacation property with as little as 5% down. 

HomeOpeners®: Secondary Homes Program

Genworth Canada’s Secondary Homes Program allows qualified homebuyers to purchase a secondary home, with one manageable mortgage and with as little as a five per cent down payment.

HomeOpeners®: Progress Advance Program

Building a custom home with less than 20% down through Genworth.

    Get qualified today.

    Fill out the information below and we'll respond as soon as possible. 

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CONTACT ME

Let's get started today.



Address

411 Queen St. 
Newmarket, ON
​L3Y 2G9

Second Location: 
Tottenham, Ontario 

Head Office: 
15 Wertheim Court, Suite 210
Richmond Hill, Ontario 
L4B 3H7 

Sarah A. Colucci, Mortgage Agent Lic. M14000929
Mortgage Edge, FSCO Lic. 10680

Telephone

Direct: 647-773-4849
​
Email: sarah.colucci@coluccimortgage.com
Picture
  • Home
  • ABOUT ME
  • Why Use A Mortgage Broker
  • APPLY ONLINE
  • PRODUCTS
    • BEAT THE BANKS
    • WHY INVEST IN REAL ESTATE
    • FIRST-TIME HOME BUYER PRE-APPROVALS >
      • FIRST-TIME HOME BUYER TAX CREDIT
    • SELF-EMPLOYED MORTGAGES
    • MORTGAGE REFINANCE >
      • Prepayment penalties
    • SPOUSAL BUYOUTS
    • INVESTMENT PROPERTIES AND RENTALS
    • BRUISED CREDIT
    • PRE-APPROVALS
    • NEWCOMERS
    • DEBT CONSOLIDATION
    • HOME EQUITY LINE OF CREDIT
    • PURCHASE PLUS IMPROVEMENT PROGRAM
    • MORTGAGE RENEWALS >
      • New Mortgage Rules and Mortgage Renewals
    • SECOND MORTGAGE LOANS
    • LESS THAN 20% PROPERTIES
    • PERSONAL LOANS
    • DOWN PAYMENT
  • CONTACT ME
  • PRIME RATE CANADA
  • CLOSING COSTS
  • DOCUMENTS REQUIRED FOR MORTGAGE FINANCING
  • MORTGAGE QUESTIONS
  • MORTGAGE DICTIONARY
  • MY LENDERS
  • MISSION
  • MORTGAGE NEWS
  • MULTIMEDIA & APPEARANCES
  • GOVERNMENT MORTGAGE RULES
  • MORTGAGE TIPS
  • TESTIMONIALS
  • HOUSE HUNTING CHECKLIST
  • MORTGAGE WITH ME