Leased Land Financing

Looking to purchase that second home or cottage property on leased land within Saskatchewan’s Regional Parks? Need to finance the purchase of a life lease condo or mobile home? We can help with financing options for properties located on leased land. 

Features

  • Competitive fixed rates are offered for terms of 1-5 years.
  • Repayment plans to suit your needs with a fixed payment.*
  • Amortization may be available up to 25 years, depending on lease terms.**
  • No application fee is charged.
  • Life and disability insurance are available.
*Payments can be made weekly, biweekly, semimonthly or monthly.
**A copy of the Lease Agreement is required to determine the terms of financing.
Appraisal may be required.

Conventional financing is available with a minimum down payment or equity position of 20%. High-ratio financing may be available for some applicants with less than 20% equity and require Canada Mortgage and Housing Corporation (CMHC) or Genworth Corporation insurance. Must meet certain approval conditions. Cost of credit and any fees associated with the loan will be disclosed at the time of approval.
 

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