Sagen Energy Efficient Housing Program • CleanBC Better Homes

Overview

Up to 25% mortgage insurance refund

Homeowners who have a Sagen-insured mortgage and are purchasing an energy-efficient home or renovating to improve energy efficiency

Application must be submitted within 24 months of the closing date of the mortgage

Sagen

Less than 200 GJ/year:

15% refund

Greater or equal to 200 GJ/year:

15% refund

Less than 200 GJ/year:

25% refund

Greater or equal to 200 GJ/year:

25% refund

You must have a Sagen-insured mortgage product.
You must have an EnerGuide Home Evaluation before and after your efficiency improvements are made.
- Must provide a copy of the first page of the pre-upgrade and the first page of the post-upgrade EnerGuide Home Evaluation reports prepared by the Energy Advisor.
- Sagen must receive all mortgage insurance premiums and fees prior to issuing the partial premium refund.
Home must meet all minimum energy efficient program requirements based on your date of application for mortgage insurance.
The date of the premium refund application cannot be greater than 24 months from the closing date of the mortgage.
All supporting energy efficient documentation cannot be greater than 5 years old.

Additional information

Full program details are available in Sagen’s Underwriting Policies and Standards document (Chapter 6 – Product Specific Underwriting Guidelines; page 70).
The percentage refund is based on the amount of premium paid on the Sage insured loan at the time of funding. In the even a borrow is utilizing Sagen’s Portability Program to port an existing mortgage to a new energy-efficient home, the percentage premium refund would only be applicable to the increase in loan amount.
If you purchase an energy efficient existing home that was built to eligible building standards, you may be eligible for a refund on your mortgage loan insurance. Visit Sagen for more information.

Application must be submitted within 24 months of the closing date of the mortgage.
Supporting energy efficiency documentation can be no more than 5 years old.

Complete a pre-upgrade EnerGuide Home Evaluation before you begin your efficiency upgrades.
Complete your recommended upgrades.
Complete a post-upgrade EnerGuide Home Evaluation after you complete all of your efficiency upgrades.
Compare your pre- and post-upgrade EnerGuide Ratings to determine your eligibility for the Sagen Energy-Efficient Housing Program of 15% or 25% Mortgage Insurance Premium refund.
Apply online or download and complete the PDF version to apply by mail.
Refunds are processed and mailed within 30 business days of receipt of application.