Agriculture Services

Rural Property Mortgage

Flexible, long term loans designed for individuals wishing to purchase and/or improve a primary residence greater than five acres, on agriculture zoned land. It is available to customers whose main source of income is off-farm.

• A Rural Property Mortgage may allow you to:
  • finance acquisition of farm property,
  • finance improvements to farm property, or
  • restructure existing capital.

• Floating and fixed rate loans are offered in terms from 6 months to 5 years. Payments may be made bi-weekly and monthly.

• Interest is compounded semi-annually on the fixed rate option.

• Amortization periods are up to 30 years.

• A 10% prepayment is permitted annually on fixed rate loans.

Amounts:

• $75,000 and up.