Want to Buy an Acreage in Saskatchewan? Here’s What You Need to Know!
Buying an acreage is a dream for many, but getting a mortgage for one isn’t quite the same as buying a home in town. Many lenders have specific rules for rural properties, and not all acreages qualify for traditional financing.
Key Things to Consider:
✔️ Size Matters – Most lenders prefer acreages under 10–20 acres for standard mortgages. Larger properties may require special financing.
✔️ Zoning & Use – Residential acreages are easier to finance than properties with significant farming or business activity.
✔️ Services & Access – Lenders typically require year-round road access and essential services like power, water, and sewage.
✔️ Down Payment – In most cases, you’ll need at least 5% down if the property meets standard guidelines. More may be required for unique properties.
Because rural mortgages can be tricky, working with a mortgage professional is key. I have access to multiple lenders who finance acreages across Saskatchewan, Alberta, and Manitoba, and I can help you find the best option.
Thinking about buying an acreage? Message me, and let’s explore your options!
Located 45 minutes NW of Meadow Lake, SK
