Get Your Dream Farm with Farm & Agriculture Land Mortgage in Canada
We can help you get approved for an agricultural land mortgage loan in Canada. At LendToday, we work to offer you the best financing solution tailored to your unique needs.
Start Your Farm and Agribusiness Journey with a Competitive Agriculture Land Mortgage in Canada
We value the immense contribution farmers and rural businesses make in Canada. Our experienced team of brokers will help you find the perfect agricultural loan that makes sense for you. Contact us today to get started!
Getting your own Farmland isn’t Impossible; We Can Make It Happen!
Getting your own Farmland isn’t Impossible; We Can Make It Happen!
Being approved for a farm mortgage loan to buy agricultural land in Canada can be challenging. But don't worry! With over 20 years of experience, our Farm & Agriculture Mortgage Brokers can help you get the land you’ve always wanted for your farming and agriculture venture.
LendToday has access to extensive agricultural mortgage products that allows us to offer our clients a wide range of financing options. With an 80% approval rate, we have the right experience and knowledge to get you approved quickly and easily.
Here are the types of agricultural financing we can provide:
- Land Financing
- Building Financing
- Equity for Solar and wind energy projects
- Farmland purchases
- Land tiling and land improvements
- Equipment storage, feed storage, and grain storage
- Greenhouses construction
- Agribusiness financing
What Makes Our Farm & Agriculture Mortgage Service Different from Others?
We understand the importance of personalized customer service when it comes to something as important as purchasing a farm. Here are the advantages of working with us:
High Approval Rate, Even with Bad Credit
We work and partner with the top agricultural lenders in Canada. This often allows us to secure approvals within 24 hours, whether you have a bad or good credit history.
Fast and Easy Farm Mortgage Process
Our intimate knowledge of lender requirements coupled with our robust network of mortgage brokers is the winning combination to help get your agricultural mortgage approved.
Flexible Terms Available for Your Convenience
We understand that agricultural projects are often time-sensitive, so we offer flexible terms to ensure you can complete your project on time.
20 Years of Serving People for Their Mortgage Needs
Our years of service and experience make us well-equipped and confident to handle your agricultural mortgage needs.
Looking to Buy Land? We Can Lend a Hand!
We are the best agricultural mortgage broker in Canada. If you need assistance with your agriculture land mortgage loan, from application to approval, we’ve got you covered!
What Is a Farm Mortgage?
A farm mortgage is a loan given to farmers specifically for the purchase of farmland, buildings associated with the farm, or other farming-related investments. Farm mortgages can also finance improvements on existing properties or expansions onto new land.
Farm mortgage interest rate options are:
- Fixed Rate Mortgages: A fixed-rate mortgage has numerous benefits, a consistent interest rate being one of them. With a fixed-rate mortgage, your interest rate and monthly payments stay the same for the duration of the loan.
- Variable Rate Mortgages: This type of farm mortgage allows for interest rate adjustments over the life of the loan.
- Farm mortgage lenders are specialized and are different from traditional mortgage lenders; they understand the unique needs of farmers, which is why it's essential to work with a broker who has experience with farm mortgages.
How Do Farm Mortgages Work in Canada?
Agricultural businesses are located across the country, and agricultural mortgages are available to all Canadian farmers regardless of location.
There are some notable differences between farm and residential mortgages, and these are:
Interest rates: Farm mortgages often have higher interest rates than home loans.
Flexibility: Farm loan lenders are more flexible than residential lenders when it comes to meeting the unique needs of farmers, such as seasonality and peak periods.
Requirements and qualifications: Farm mortgage loans typically require a higher down payment than residential mortgages and additional information to assess the loan risk.
What is a Canadian Agricultural Loan Commonly Used For?
A Canadian agricultural loan is often used to purchase or improve farmland, buildings connected with the farm, and other farming-related businesses. Here are some unique benefits of agricultural loans:
- Financing real estate or other significant farm assets
- Long-term financing – loan terms are up to 10 years, and even 15 years when financing land
- Expanding existing farm operations
Providing Farm Mortgage Services throughout Canada
We have access to the most affordable agricultural mortgage products across Canada. Whether you're looking to finance a small family farm, or a large commercial agricultural business anywhere in Canada, our brokers can help.
- Ontario
- Alberta
- BC
- Manitoba
We can often obtain approval for a private mortgage much faster than if you were to go through your bank or credit union. The terms of a private mortgage are flexible, and designed to get you and your family back on your feet. If you’ve been struggling with financial trouble, you could get the boost that you need to make it through.
Our Recent Approved Projects
Recently approved and funded in Highgate, Ontario
Mortgage: $1,200,000.00
Loan to value: 80%
The Canadian Agricultural Loans Act Program
The Canadian Agricultural Loans Act (CALA) Program guarantees loans to farmers and agricultural co-operatives to seize market opportunities and help reenergize the Canadian agricultural sector. These loans especially benefit farmers who want to establish, improve, or develop their farms.
The CALA protects lenders by guaranteeing that the federal government will repay 95% of a net loss on an eligible loan. The total amount that can be loaned for any one farm operation is $500,000.
The loan amount can be:
- A maximum of $500,000 for purchasing land and the construction or improvement expenses for buildings
- Up to $350,000 for other loan purposes, such as consolidation or refinancing
The maximum amount that can be loaned to agricultural co-operatives by the Minister is $3 million.
For example, a farmer can access up to $300,000 for a tractor with a CALA loan. He can still get up to $200,000 for land purchase or building repair money and an additional $50,000 for another implementation.
Ontario Farm Financing
The Ontario government made two changes in 2021 that will make their farm financing program more effective for farmers.
- The loan repayment deadline has been extended from February 28 to September 30. It gives farmers more time to market their products and sell them before repaying the loan, which is much more practical and reasonable for everyone involved.
- The maximum guaranteed loan limit has been increased from $125 million to $200 million, which more accurately reflects the magnitude of input costs farmers need to plan for.
Your New Farmland is Waiting for You!
Get The Best Agricultural Mortgage in Canada Today!
Contact us today, and our team of experienced brokers will guide you through the process and find the best mortgage solution for your needs.
Hire A Professional Farm & Agriculture Land Mortgage Broker in Canada Today
LendToday is a trusted agricultural mortgage company in Canada. Our experienced and professional mortgage brokers are here to help you secure financing for your custom farm and agricultural land project. We are committed to providing the care and guidance you need to ensure your plan is completed to your satisfaction!
Farm and Agricultural Mortgage Loan FAQs
The main difference between a regular acreage mortgage and a farm mortgage is that the latter is specifically tailored to rural properties, such as farms. Traditional acreage mortgages may cover various land types, while farm mortgages are designed to finance agricultural properties and businesses.
Yes, you can. If you plan to take out an agriculture loan on your land, you must contact a professional private mortgage broker to discuss your options. A mortgage broker can provide advice and assistance in finding the best loan to fit your needs.
No, land loans are not just for farmers. Anyone who owns a rural property can benefit from the help of a professional mortgage broker to find the perfect loan that they need. Depending on your unique situation, an experienced farm and agricultural mortgage broker can help you find the best loan solution for agricultural use or related purposes.  Â
Contact LendToday to discuss the available financial options if you want to arrange a mortgage loan to buy a farm or for agricultural-related requirements.  Â
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Working with LendToday
Our team of experts have more than 30 years of experience helping people qualify for loans. We work with many alternative lenders. We’ll help you find the right solution for your lending needs. Even if you don’t qualify with your bank today – we can help you turn things around. We also offer in-house credit repair services. Our graduation process will eventually have you qualifying for a mortgage anywhere you like.
Even if you’ve filed a bankruptcy or consumer proposal, lost your job or maxed out your credit, we can help. Give our team a call and let us show you how to rehabilitate your credit and improve your credit score.
If you apply online today we’ll get you an answer in as few as 24 hours. Living your dreams – we can help with that!
