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? TCU 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.

Notes

  • *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.

Get Started Today!

 

Find Branch/ATM

Enter address, postal code or branch name

Calculators