50 pts
Entry threshold
- Amortization
- Up to 40 years
- Premium discount
- 10%
- Standard rental DCR
- Minimum 1.10
CMHC MULTI-UNIT MORTGAGE LOAN INSURANCE
CMHC MLI Select
Financing for Ontario Rental Housing
MLI Select rewards qualifying multi-unit projects that achieve affordability, accessibility and/or energy-efficiency outcomes with enhanced mortgage-insurance flexibilities.
5+Minimum units for most eligible projects
50 / 70 / 100Key point thresholds
Up to 50 yearsAmortization at 100 points
HOW THE PROGRAM WORKS
More points can unlock greater financing flexibility
70 pts
Enhanced flexibility
- Amortization
- Up to 45 years
- Premium discount
- 20%
- Existing property LTV
- Up to 95%
100 pts
Maximum program tier
- Amortization
- Up to 50 years
- Premium discount
- 30%
- Recourse
- Limited-recourse may be available
Program flexibilities shown are a simplified summary of current CMHC information and are not a commitment. Requirements can change and additional conditions apply.
BASIC ELIGIBILITY
Start with the property
MLI Select is available for eligible new and existing multi-unit projects. The property generally needs at least five units. Retirement homes require at least 50 units or beds.
✓ Standard rental housing
✓ New construction
✓ Existing rental properties
✓ Supportive housing
✓ Single-room occupancy
✓ Retirement homes
Student housing can qualify only through energy-efficiency and accessibility commitments. Non-residential space is limited under CMHC rules.
Important underwriting considerations
- Property type and number of units
- Current or projected net operating income
- Affordability commitments and duration
- Energy-efficiency performance
- Accessibility design or certification
- Borrower net worth, liquidity and experience
- Appraisal, environmental and property-condition information
- Construction budget and cost consultant reporting when applicable
PRELIMINARY ANALYSIS TOOL
MLI Select Financing Scenario Calculator
Compare a leverage limit with an income-based debt-service limit. This is a screening tool, not a CMHC approval or lender commitment.
Indicative screening result
Estimated maximum loan$0
Leverage limit$0
DCR / income limit$0
Indicative leverage0%
Monthly payment$0
Amortization used0 yrs
Premium discount tier0%
How this screening tool works: it estimates the lesser of (1) a simplified MLI Select leverage ceiling and (2) a loan amount supported by NOI at the selected DCR, interest rate and amortization. It does not calculate CMHC lending value, insurance premiums, affordability points, construction holdbacks, lender fees, guarantees or all underwriting adjustments.
CRESPOINT PROCESS
From initial scenario to financing submission
01
Preliminary Review
We review the property, borrower profile, income and financing objective.
02
MLI Select Strategy
We assess the potential financing structure and program path based on the project information.
03
Document Package
We organize the core underwriting information required for lender review.
04
Lender & CMHC Process
An approved lender evaluates the transaction and, where appropriate, submits the mortgage-insurance application to CMHC.
05
Closing Coordination
We support financing conditions, documentation and transaction coordination through closing.
COMMON QUESTIONS
MLI Select FAQs
Does 50 points automatically mean 95% financing?
No. For existing properties, CMHC's published flexibility differs by point level; for new construction, up to 95% loan-to-cost may be available. Final leverage also depends on lending value, income support and underwriting.
Is 50-year amortization available at every point level?
No. CMHC currently associates up to 40 years with 50 points, up to 45 years with 70 points and up to 50 years with 100 points.
Can an existing apartment building qualify?
Yes. MLI Select offers flexibilities for eligible new and existing multi-unit properties that meet program criteria.
Who submits an application to CMHC?
Mortgage insurance applications are submitted through an approved lender. Crespoint's role, once properly licensed and engaged, would be to help structure and coordinate the financing process with appropriate lending partners.