Awe the call to the land…the open space, fresh air, low taxes. it could be the fond memories of driving the tractor with dad as a kid, or weekends at grandpa’s farm. It could even be finding a plac when the neighbour can look into your kitchen. We hear it lots. We want to buy a farm. many people have a desire to buy a farm. “they ain’t makin more land,” is the adage.

The issue has always been the land. You see lenders won’t give value to the land or the barns unless you are a commercial farmer.(that’s a whole different kettle of fish) suffice to say, higher rates than residential mortgages, financial statements, costly appraisals and the bank would limit the amount of equity you could mortgage to 65%. And still encumber everything including all the machinery, equipment, and the last I heard your first born child. Well not many of us can make a living being a farmer these days but some do want to play farmer in their free time.

and that’s why we are pleased to announce, “you can now buy a farm.” Show this article immediately to your wife! We have a lender who has decided to get into the hobby farm business and ou can ow put as little as 20% down. Now here’s the kicker. They will take into account the value of all of the land up to 200 acres. Most lenders today will do house and five acres when they value a farm. And the mortgage rate can be as low as 2.4% variable and up to 35 years amortization.

“It’s about time, said a local appraiser. We just had a client who works as a teacher in guelph purchase a 70 acre farm in Bruce County with a beautiful home for $419,000. His payment with 20% down is less than $1,200. Finally buying a farm is no longer an impossible dream. Call the Price Team today!