CMHC MLI Select Rental Program: How RateShop Delivers Smooth Deal Flow from Discovery to Approval

Updated Submission Rules: Why Choosing the Right Broker Matters
As of September 1, 2024, CMHC now requires all MLI Select submissions to come exclusively through NHA-approved lenders—a move designed to improve efficiency and reduce backlog. For investors, this means partnering with an experienced mortgage broker like RateShop is critical to navigate lender requirements and secure optimal financing.

At RateShop, we’ve refined a structured, five-step process to ensure seamless deal flow—from initial discovery to final approval—helping investors capitalize on MLI Select’s competitive terms with confidence.

What is the CMHC MLI Select Program?

The MLI Select Program offers low-cost, high-leverage financing for rental housing projects that meet affordability, accessibility, and energy efficiency criteria.

Key Benefits:

✔ Up to 95% Loan-to-Value (LTV)
✔ Extended amortization (up to 50 years)
✔ Lower insurance premiums
✔ Support for new builds, acquisitions, and refinancing
✔ Flexibility for mixed-use & multi-residential properties

RateShop’s 5-Step Process for MLI Select Success

1. Discovery Call – Aligning Financing with Your Investment Goals

We start with a personalized consultation to assess:

• Property type (new build, acquisition, or refinance)

• Location, zoning, and current usage

• MLI Select eligibility (affordability, energy efficiency, accessibility)

• Target loan size, cash flow, and amortization

This ensures a customized financing strategy from day one.

2. Deal Review & Pre-Underwriting

Before submitting to lenders, we pre-screen deals to minimize delays:

• Analyze rent rolls, NOI, and debt coverage ratios

• Assess per-unit costs and CAPEX needs

• Optimize MLI Select scoring potential

• Match the deal with the best NHA-approved lender

3. Application Preparation & Structuring

We package files to CMHC’s updated standards, including:

• Lender-specific forms & templates

• Appraisals, environmental reports, and energy assessments

• Borrower income & net worth verification

• Strategic structuring to maximize CMHC scoring

4. Submission & Lender Communication

Our team manages lender relations to ensure:

• Fast, compliant submissions

• Quick responses to underwriter requests (within 24–48 hrs)

• Proactive updates at every milestone

5. Approval & Post-Funding Support

Even after approval, we assist with:

• Commitment letter & covenant reviews

• Lawyer & lender coordination

• Draw schedule management (for new builds)

• Compliance with affordability/energy commitments

Why Choose RateShop for MLI Select Financing?

✅ Deep CMHC Program Expertise – We optimize scoring for approvals.
✅ Direct Access to Top NHA Lenders – Faster, smoother submissions.
✅ End-to-End Deal Management – No surprises, just results.
✅ Investor-First Approach – We structure deals for long-term success.

Get Started Today

Ready to finance your next rental project with CMHC MLI Select? RateShop’s proven process ensures speed, accuracy, and confidence—from application to approval.

📞 Book a discovery call now and let’s secure your financing—done right the first time.