Conventional Mortgages or CALA loans up to 80 % of value with terms that fit your long game.
· Fast Facts: Conventional Ag Mortgage
o A good fit for land purchase, yard site build, or refinance
o Borrow up to 80 % of appraised value; 1–5 yr terms; amortization up to 25 yrs
o Fixed or variable rate
o Annual lump-sum pre-payment room
o Optional creditor insurance available
o Talk about a Purchase, Build or Refinance: LendingTeam@turtlefordcu.ca
· Fast Facts: Canada Agriculture Loans Act (CALA)
o A good fit for real estate, breeding livestock, equipment, grain storage, energy upgrades
o Federal government-guaranteed loan program
o Up to 80 % financing, 15-yr maximum term, 20 % down payment
o Fixed or variable rate
o Eligible costs incurred 60 days before advance can be financed
o Let’s chat about CALA options: LendingTeam@turtlefordcu.ca