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Mortgages and Mortgage Loans

Offering flexible and long-term financing to match seasonal cash flow

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Mortgages and Mortgage Loans

Mortgages

Get long-term financing to buy or transfer farmland

Overview:

  • Provides flexibility and customization to match seasonal cash flow

Mortgage Loans

Buy more farmland, make improvements or transfer ownership to someone else with our mortgage loans

Overview:

  • Provides payment flexibility tied to seasonal cash flow
  • Offers fixed or variable interest rates
  • Offers prepayment privileges

Scotia Farm Mortgage Loan1

Flexible, long-term financing to buy farmland, fund improvements or make purchases secured using land equity.

  • Offers fixed or variable interest rates with options to fix at any time
  • Provides payment terms to match seasonal cash flow
  • Offers generous prepayment privileges
  • Gives options to include your Scotia Farm Mortgage Loan under Scotia Flex for agriculture

Scotia Farm Legacy Mortgage2

  • Scotia Farm Legacy Mortgages are term obligations secured by farm real estate and payable according to a regular schedule
  • Transfer farm to family
  • Offers flexible long-term financing to buy farmland, make improvements, or restructure existing loans
  • Offers fixed or variable interest rate with the option to fix at any time
  • Provides payment terms to match seasonal cash flow
  • Terms of 1 to 5 and 7 and 10 years
  • Ability to gift equity in the farm to family as downpayment
  • Offers annual prepayment privileges up to 15% of the principal
  • The seller is allowed to provide a vendor take-back for financing the buyer in the transition
  • Down payment minimum of 10% of the value of the farm property
  • Pricing for Scotia Farm Legacy Mortgages is determined by the amount of the credit request, security provided, and your credit history
  • Interest-only payments may be permitted for up to 5 years on both the mortgage and vendor take-back loan (some performance qualifiers apply)

Speak to an Agricultural Banking Specialist today

Aaron Ens

Client Relationship Manager, Agriculture

Area covered:
Calgary, Red Deer,Lethbridge, Nanton, Olds AB

225 – 6th Avenue SW, Suite 1700,
Calgary, Alberta
T2P 1N2

Email:
aaron.ens@scotiabank.com

Phone:
403-710-2959

Aaron Ens
Alana Cholewa

Agriculture Specialist

Area covered:
Cambridge, Kitchener/Waterloo, Woodstock, London ON

Dundas Street South
Cambridge, Ontario
N1R 8A8

Email:
alana.cholewa@scotiabank.com

Phone:
519 492-0314

Alana Cholewa
CDIC