Rural Property Mortgage

What is a RPM?
  • Single Family detached dwelling on acreage exceeding 40 acres, or quarter section.
  • Outbuildings may be considered as part of property valuation.
  • Agricultural zoned land, non farming operation (hobby farming is acceptable).
Overview
  • Up to 75% LTV based on current appraisal by approved firm.
  • Appraisal to provide two values of the property, as follows:
      a. House and up to 160 acres;
      b. House, up to 160 acres and out-buildings/improvements (if any)
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