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Mortgage Insurance Providers in Nova Scotia
When purchasing a home in Nova Scotia with less than a 20% down payment, mortgage default insurance is typically required. In Canada, there are three main mortgage insurance providers that work with lenders to protect against borrower default.
CMHC (Canada Mortgage and Housing Corporation)
CMHC is Canada’s national housing agency and the most well-known mortgage insurer. As a Crown corporation backed by the federal government, CMHC provides mortgage loan insurance to lenders, making it possible for buyers to purchase homes with smaller down payments. CMHC plays a key role in supporting housing stability and accessibility across Canad
Sagen
Sagen is Canada’s largest private-sector mortgage insurance company. Formerly known as Genworth Canada, Sagen provides mortgage default insurance for residential properties across the country. It works with banks, credit unions, and other lenders to help qualified buyers secure financing with less than 20% down.
Canada Guaranty
Canada Guaranty is the second private mortgage insurance provider in Canada. It offers mortgage default insurance solutions designed to support lenders and borrowers, particularly for high-ratio mortgages. Canada Guaranty focuses on providing flexible underwriting options while maintaining strong risk management standards
Together, these three companies enable homebuyers in Nova Scotia and across Canada to access financing with lower down payments while protecting lenders from financial loss if a borrower defaults.
Hello there! I’m Alisha Caillie-Fleet, a seasoned Real Estate Agent located in Halifax. With a sales history dating back to 2014 across Nova Scotia and Ontario, I bring a wealth of expertise to the table. My specialization includes residential properties, investment opportunities, and military relocations. I’ve wholeheartedly committed myself to honing my skills to ensure that your experience of buying or selling a home is seamless and free of stress.
Being a military spouse, I also have personal insight into the challenges military families are confronted with. As a result, I’ve developed a tailored approach to cater to the unique demands of the DND moving process.
Let’s establish a connection and have a conversation about your real estate goals!
Alisha Caillie-Fleet – Realty in Nova Scotia | (902) 489-4911 | 1959 Upper Water St #1301, Halifax, NS B3J 3N2 | alishasellshfx@gmail.com | BGRS Approved