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CIBC’s Flexible Downpayment Mortgage Options

A mortgage solution that helps you realize your dream of home ownership sooner!


If you are a first-time home buyer, coming up with your downpayment just became easier. You can purchase the home you want now with as little as 5% down with CIBC's flexible downpayment options. The funds for your 5% downpayment can be borrowed from a variety of sources or taken from a 5% cash back1.

Interested in applying for a CIBC Mortgage?

The first step is to get pre-approved.

If you already have a signed offer to purchase a property, you're ready to apply for a mortgage online, call Telephone Banking at 1-866-525-8622, or visit one of our branches.

Apply for a Pre-approval Certificate

Is it for you?


A mortgage with a flexible downpayment option could be for you, if:

  • You want to purchase a home but have not saved enough for a downpayment
  • You have a good credit history
  • You want the flexibility to choose from a variety of mortgage terms and options

Key features


For clients who wish to: Borrow 5% for their downpayment Receive a 5% cash back for their downpayment
Terms Available on fixed and variable rate mortgages with a minimum term of 6 months Available on 5, 7 and 10 year fixed rate mortgages2
Rates See all CIBC mortgage rates Mortgage is priced at the posted rate. See all CIBC mortgage rates
Make additional payments Prepay up to 15% of your original mortgage amount annually
Increase your payment amount Your original mortgage payment amount (principal and interest) can be increased by up to 100% anytime during the term. The extra payment amount is applied directly to the principal, reducing overall costs
Payment frequency options Weekly, bi-weekly, semi-monthly or monthly
Amortization Period You now have the option of taking up to 40 years to pay off your mortgage, which can improve your cash flow3
No need to shop around or make separate arrangements for insurance Optional CIBC Mortgage Life Insurance provides coverage for the outstanding balance of your mortgage, up to $750,0004

This mortgage option is available:

  • Across Canada
  • On residential single-family, owner-occupied properties
  • For CMHC high-ratio (insured) mortgages only


Trademarks and Disclaimers

1 Mortgages are offered by CIBC Mortgages Inc. All applicants and properties must meet CIBC lending criteria. Available on single-family, owner-occupied residential properties only. Some conditions and restrictions apply. Products and their features may change at any time. This is a general description only. For more information call 1-866-525-8622.

2 Not available on the CIBC Better Than Posted mortgage.

3 Available on owner-occupied residences only. Additional insurance premium applies; ask for details.

4 Some limitations and exclusions apply. For full details, see the Mortgage Life Insurance Application and Certificate of Insurance. Mortgage Life Insurance is underwritten by The Canada Life Assurance Company.