- Effective August 1, 2024. the government will allow insured 30-year mortgage amortizations for first-time home buyers purchasing newly built homes. Insured mortgages only apply to homes less than $1,000,000 where the borrower puts less than 20% down payment.
- The purchase calculator has a new menu item to enable the insured FTHB rule.
- Pre-Qualification Tool has the ability to turn on insured FTHB rules
- The compare tool has a new menu for Mortgage Insurance