My brand lends on Hobby Farms?

Yes, not many agents know that Dominion Mortgage is able to lend on residential purchases and transfers on properties that include hobby farming activity or agricultural related buildings, such as a barn or stable. We can do these High Ratio or Conventional Insurable.

Although we only value on 5 acres and the house, there is no max on acreage size!

Although this program is geared towards ‘hobby farms’ vs ‘working farms’, your clients can earn minimal income from the farm as long as it does not exceed $50,000/yr.

Zoning can be Country Residential (CR), Residential (R), or Agricultural (AG). For those in BC, at this time we aren’t able to finance anything in the Agricultural Land Reserve (ALR).