Ontario Land Mortgage – Farm Mortgage

Do you have your eye on a 35′ x 100′ lot in the city or 100 acres of solitude? I can arrange mortgages on land for up 75% LTV through a combination of first and second mortgages. The maximum LTV will depend on the type of land (farm, acerage, lot) serviceability and proximity to the city.

A Land Mortgage (more then 5 acres) typically has a maximum LTV of 55%, however a higher LTV on land (up to 65%) may be possible depending on the acerage and its location.

A Building Lot in the city can qualify for funding up to 75% of the appraised value.

A Farm Mortgage typically has a maximum LTV of 55%, however a higher LTV on farm land can be possible using a second mortgage.

LTV (loan to value) is the percentage of the mortgage being taken out versus the value of the property. If you put 5% down on a property, the loan to the value of the property is 95%.

If you would like more information on a farm mortgage or a mortgage on land in Ontario call today or apply online.