Programs · Indi Mortgage
30-year amortizations are back for first-time buyers
The return of 30-year amortizations on insured mortgages — the upside and the honest caveat.
What was announced
The federal government brought back 30-year amortizations for high-ratio insured mortgages — meaning first-time buyers putting 5% down can once again stretch to 30 years. They’d been scaled back to 25 years about a decade ago, in part because longer amortizations helped push prices up.
The trade-off
A longer amortization lowers your monthly payment and can help you qualify for more — but you pay more interest over the life of the loan. Josh is deliberately careful not to overhype it: it’s a genuinely helpful change for the right buyer, not a magic fix.
Heads up: Eligibility rules for insured/30-year mortgages change — check whether you qualify with us before planning around it.
